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BlackZzzverrR [31]
3 years ago
10

Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear belo

w: Materials Labor Overhead Cost added during May $ 67,276 $ 27,025 $ 86,825 Equivalent units of production 13,900 11,500 11,500 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)
Business
1 answer:
oee [108]3 years ago
4 0

Explanation:

The computation of the cost per equivalent units for each one is shown below:

For Material

= Cost added ÷ Equivalent unit of production

= $67,276 ÷ 13,900 units

= $4.84 per unit

For Labor

= Cost added ÷ Equivalent unit of production

= $27,025 ÷ 11,500 units

= $2.35 per unit

For overhead

= Cost added ÷ Equivalent unit of production

= $86,825 ÷ 11,500 units

= $7.55 per unit

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Kelly was working as a chef for a restaurant chain, She was promised a salary of $3,000 per month as her gross pay. She began pl
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Net income. Gross income would be the $3,000 before taxes are deducted. The net income would be the 2452 that is remaining after taxes
6 0
4 years ago
When the sponsors of a charity golf tournament purchased commercial time on local television, the station's sales rep promised a
GaryK [48]

In other words, the gross impressions for the commercial would be 32,000. <span>Gross Impressions is sometimes confused with Gross Rating point which is the number of impressions rather than the number of audience. It is the total number of individual people or households represented by a given media schedule. </span>

 





4 0
3 years ago
The management of GH Apparel has thoroughly analyzed the market and recognizes the wants and needs of different customer groups.
Sergio039 [100]

Answer: Market-oriented

Explanation:

 The market oriented organization is one of the type of business approach that producing the various types of products and the services according to the customer requirement or desire.

The main aim of the market oriented organization is that they focus on the selling and also designing goods and the services that satisfied the consumer desire.  

According to the given scenario, the management of the GH apparel is the market oriented organization as it properly analyzed the market and also recognize the actual requirement of the customer.  

Therefore, Market-oriented is the correct answer.

5 0
3 years ago
It is May 18, 2017. You have a $10,000 semi-annual bond with a coupon rate of 10.375% which matures May 5, 2044. The bond is pri
Keith_Richards [23]

Answer:

-3.91%.

Explanation:

The Duration Adjustment (% change in bond price) is given by:

= (Duration) * (Change in yield in %)

= -(7.81) x (0.5%)

= -3.91%

The Convexity Adjustment is given by:

= 0.5 * Convexity *  (Change in yield, as a fraction)^2

= 0.5 * 99.87 * (0.005)^2

= 0.5 * 99.87 * 0.000025

= 0.001248375

= 0.0012%

Thus, the convexity correction is 0.0012%

Thus, the total change in bond price = -3.91% + 0.0012% = -3.91%.

3 0
3 years ago
Pharma One’s analgesic drug KleenKare has a 50% share in the analgesics market in the country of Syria. Its closest competitor,
elixir [45]

Answer:

Pharma One

The statement that indicates that KleenKare is a cash cow according to the the Boston Consulting Group (BCG) matrix is:

2. The demand for analgesic drugs in the Syrian market is expected to maintain a low-growth, high-share status.

Explanation:

A cash cow depicts the BCG matrix quadrant where there are higher returns, high market share in a low-growth market.  The cash cow requires little investment to generate high returns.  It also provides the cash for financing the other quadrants (dogs, stars, and question marks).  Basically, the BCG matrix, also known as the Growth/Share Matrix, depicts the products' growth opportunities.

4 0
3 years ago
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