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these are 2 different questions i posted them separatley about 3 hours ago no one answered i need the answers asap {The following information applies
these are 2 different questions i posted them separatley about 3 hours ago no one answered i need the answers asap
{The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 24,000 units of product to finished goods inventory. Its 5,500 units of beginning work in process consisted of $17,400 of direct materials and $334,440 of conversion costs. It has 3,650 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $646,200 of direct material costs and $2,088,360 of conversion costs were charged to production 2. Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the transfer of goods to finished goods inventory. Note: Enter debits before credits General Journal Debit Credit Date May 31 Record entry Clear entry View general Journal Required information [The following information applies to the questions displayed below.) Sara's Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Salsa is prepared in department 1 and packaged in department 2. The activities, overhead costs, and drivers associated with these two manufacturing processes and the company's production support activities follow. Process Activity Overhead cost Driver Quantity Department 1 Mixing $ 5,700 Machine hours 2,100 Cooking 11,100 Machine hours 2,100 Product testing 113,700 Batches 750 $ 130,500 Department 2 Machine calibration $310,000 Production runs 500 Labeling 18,000 Cases of output 120,000 Defects 6,000 Cases of output 120,000 $334,000 Support Recipe formulation 81,000 Focus groups 50 Heat, lights, and water 42,000 Machine hours 2,100 Materials handling 77,000 Container types 7 $200,000 Additional production information about its two product lines follows. Extra Fine Family Style Units produced 32,000 cases 88,000 cases Batches 320 batches 430 batches Machine hours 850 MH 1,250 MH Focus groups 40 groups 10 groups Container types 4 containers 3 containers Production runs 230 runs 270 runs 5. If the market price is $17 per case of Extra Fine and $12 per case of Family Style, determine the gross profit per case for each product. (Round your intermediate calculations and final answers to 2 decimal places.) (Profit Extra Fine Family Style Loss Step by Step Solution
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