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mars1129 [50]
3 years ago
13

Read, Inc. instituted a new process in October 2008. During October, 10,000 units were started in Department A. Of the units sta

rted, 8,000 were transferred to Department B, and 2,000 remained in Work-in-Process at October 31, 2008. The Work-in-Process at October 31, 2008, was 100% complete as to material costs and 50% complete as to conversion costs. Material costs of $27,000 and conversion costs of $36,000 were charged to Department A in October. What were the total costs transferred to Department B assuming Department A uses weighted-average process costing? A. $46,900B. $53,600C. $56,000D. $57,120
Business
1 answer:
Dvinal [7]3 years ago
3 0

Answer:

B. $53,600

Explanation:

beginning           0

completed  8,000

WIP       2,000 at 100% materials 50% conversion cost

<u>Materials </u>

Equivalent Units units complete + complete portion of ending WIP

8,000 + 2,000 x 100% = 10,000

Cost per unit 27,000/10,000 = 2.7

<u>Conversion cost</u>

Equivalent Units units complete + complete portion of ending WIP

8,000 + 2,000 x 50% = 9,000

Cost per unit 36,000/9,000 = 4

<u>Total cost per equivalent unit </u> Materials + CC

2.7 + 4 = 6.7

Transferred-out

8,000 x 6.7 = 53,600

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Answer:

<u>a hostile work environment</u>

Explanation:

A hostile work environment is characterized by behaviors of some individuals that causes discomfort and intimidation in others. According to labor law, a hostile work environment may present situations of sexual and sexual harassment and abuse of authority, which consequently intimidates the victim and may lead to the development of mental problems such as depression and reduced productivity.

8 0
3 years ago
Read 2 more answers
assume that in the short run a firm is producing 800 units of output, has average total costs of $150, and has cost of $100. the
MakcuM [25]

Answer:

$80,000

Explanation:

Missing word <em>"and has average variable costs of $100"</em>

<em />

Note: AVC = Average variable cost, TVC = total variable cost

AVC = TVC / Output

$100 = TVC/800 units

TVC = $100*800 units

TVC = $80,000

So, the firm's total variable costs are $80,000.

4 0
4 years ago
Bonds that are purchased with the intent of selling them in the near future to take advantage of short-term price changes are cl
vitfil [10]

Answer:

C. Trading Securities

Explanation:

Trading securities refer to those securities which are purchased not with the intention of holding them till maturity, but to realize the gains arising as a consequence of short term price movements.

Bonds refer to debt instruments issued by the borrower for raising long term finance whereby the borrower promised to pay fixed coupon rate of interest on timely basis and principal repayment upon redemption.

In the given case, bonds purchased with the intention of selling in the near future with an objective to benefit from short term price movements represent trading securities. The benefit would be in the form of short term capital appreciation.

5 0
3 years ago
Bob, CPA, has a client with a strong belief that he is correct about an aggressive but creative tax position. Bob thinks otherwi
yKpoI14uk [10]

Answer:

IRS ,AICPA Statements on Standards for Tax Services.

Explanation:

From the question, we are informed about Bob, that has a client with a strong belief that he is correct about an aggressive but creative tax position.

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katrin [286]

Answer:

D

Explanation:

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IRR can be calculated with a financial calculator  

Cash flow in year 0 =  $-66,000

Cash flow each year from year 1 to 4 = $20,000

IRR = 8.16%

For the project to be profitable, the IRR has to be greater than the desired rate of return

Since the IRR (8.16%) is lower than the desired rate of return (10%), the project isn't profitable

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

8 0
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