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sineoko [7]
3 years ago
13

The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to ma

terials and 30% complete as to conversion costs. 15,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,000 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. "How many units were transferred-out during the period
Business
1 answer:
umka21 [38]3 years ago
6 0

Answer:

Physical Flow units 12000

Equivalent Units Materials 11000

Equivalent units Conversion 15000

Explanation:

The Finishing Department

First-in, First-out (FIFO) Process Costing

Equivalent Units

Particulars         Units         % of Completion                    Equivalent Units

                                            Materials    Conversion        Materials Conversion

Units Received  15000         100         100                       15000      15000

+Ending WIP        2000           50          30                         1000         600

<u>Less Beg. Inv     5000             100         30                        5000        600</u>

<u>Total units         12000                                                     11000           15000</u>

The units started and completed are transferred out units. The Beginning Work in Process is deducted to ensure first in first out. The units moved first in are transferred out first.

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kari74 [83]

Answer:

Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution)

The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation

Explanation:

Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution), the primary purpose of the uniform partnership act to to address certain in-formal or formal issue that was not addressed under the business agreement reached between the partners,

The reason why the UPA might not govern the sharing of the profits is because of the involvement of a partner who did not contribute towards the capital but contributes in terms of service. The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation

4 0
3 years ago
Company's Z's earnings and dividends per share are expected to grow indefinitely by 4% a year. Assume next year's dividend per s
Kazeer [188]

Answer:

Explanation:

First, we need to find current stock price, which equals to Next year dividend / (required rate of return - growth rate)

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Then we can apply the found current stock price to find present value of growth opportunities

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= $100 - ($4 / 0.08)

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6 0
3 years ago
In a business letter, the true margins are
Free_Kalibri [48]
They are typically 1 to 1 1/4 inches

Hope this helps, good luckkk :)
5 0
3 years ago
Read 2 more answers
OVERHEAD How might overhead affect the price of a new car?
Svet_ta [14]
<span>If the overheads increase, the price of cars will go up too. If it didn't go up then the company would either be having lower revenue or they would be losing money. This way, they increase the price of the car to negate the increase of the overhead. This might however lead to the lack of demand for a more expensive car so they would certainly have to find a way to go around this.</span>
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3 years ago
Which of the following would not be considered an advantage of a sole proprietorship
kicyunya [14]

Answer:

The correct answer is option B, Proprietor is responsible for his own health insurance.

Explanation:

A sole proprietor is a person who runs a business on his own. He is responsible for all the profits and losses incurred to the business. He runs the business alone. He is the sole decision maker. He himself is responsible for everything happening within the business. He is the sole owner and thus is responsible for the employees' health insurance, gratuity, social security, etc. Being the only owner, he also should be responsible for his own health insurance as well.

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