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Yuri [45]
3 years ago
5

Using the data below, determine the ending inventory amount assuming the weighted average method with a periodic inventory syste

m.
1. Beginning inventory, 10 units
2. Purchases, 20 units
3. Total cost of units available for sale, $3,000
4. Ending inventory, 12 units

a) $3000 b) $12000 c) $100 d) None of these
Business
1 answer:
bekas [8.4K]3 years ago
6 0

Answer:

d) None of these

Explanation:

Weighted average rate is the inventory value at the average cost, whatever the price is paid. The total value of the inventory is divided by the total units to calculate weighted average rate. Formula to calculate the weighted average rate is

Weighted average rate = Total Cost of units available for sale / Numbers of unit available for sale

Weighted average rate = $3,000 / ( 10 units + 20 units ) = $3,000 / 30 units = $100 per units

Closing Inventory value = $100 x 12 units = $1,200

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Rebecca Huang receives a regular salary of $2,600 a month and is paid 1/2 times the regular hourly rate for hours worked in exce
dimaraw [331]

The over time rate of pay is $22.5 overtime per hour. While the total gross pay at 43 hours is 667.5 dollars.

a. The regular salary = $2600 monthly

The annual salary = $2600 * 12

= 31200 dollars.

The weekly salary in a year

We have 52  weeks in a year

Weekly salary = 31200/52

= 600 dollars.

She works for 40 hours weekly.

Pay per hour = 600/40

= 15

The overtime pay per hour that Rebecca receives

15*1\frac{1}{2}

= 15 * 1.5

= 22.5

Therefore Huang's overtime pay is 22.5 dollars.

b. If she works 43 hours during the week

15 dollars * 40 hours = 600 dollars

43-40 = 3 overtime hours

3 x 22.50 per hour = 67.5 dollars.

The total gross wages = 600 dollars + 67.5 dollars

= 667.5 dollars.

Read more on brainly.com/question/13887624?referrer=searchResults

4 0
3 years ago
Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been coll
Iteru [2.4K]

Answer and Explanation:

The computation is shown below:

1. The standard direct labor hours per brake repairs are shown below:

Actual time spent               5  hours

Setup and downtime (5 hours × 11%) 0.55

Cleanup and rest periods (5 hours × 27%) 1.35

Standard direct labor hours per brake repair 6.9

2. For standard direct labor hourly rate

Wage rate per hour $10

Payroll Taxes ($10 × 10%) $1

Fringe Benefits ($10 × 25%) $2.5

Standard direct labor hourly rate $13.5

3. For the standard direct labor cost per brake repair

= 6.9 hours × $13.5

= $93.50

5 0
3 years ago
The price of tents, a complement to sleeping bags, increases. how will this affect the market for sleeping bags?
Lelu [443]

If the price of tents should increase then it would cause the demand for sleeping bags to reduce.

<h3>What is a complementary good?</h3>

This is the term that is used to refer to the goods that are bought and used alongside another good. What this means is that both goods are used together.

Hence when the price of one complement good rises, it would cause the demand of that good to reduce and also reduce the market for that good.

Read more on complement goods here: brainly.com/question/1338465

#SPJ1

4 0
2 years ago
) Saffron Foods sells jars of special spices used in Spanish cooking. The variable cost is $2 per unit. Fixed costs are $9,000,0
olga nikolaevna [1]

Answer:

C. $4.20

Explanation:

The computation is shown below:

Before that we need to do following calculations

Total costs to be incurred  is

= ($2 × 5,000,000 units) + $9,000,000

= $19,000,000

Now

Required return is

= $40,000,000 ×  5%

= $2,000,000

So,

Sales price per unit is

= (Total cost incurred + required return) ÷ number of unit sold

= ($19,000,000 + 2,000,000) ÷ 5,000,000 units  

= $4.20

6 0
3 years ago
he hedge ratio of an at-the-money call option on IBM is 0.35. The hedge ratio of an at-the-money put option is -0.65. What is th
Kazeer [188]

Answer:

- 0.30

Explanation:

Given the following :

Hedge ratio of an at-the-money call option on IBM = 0.35

Hedge ratio of an at-the-money put option = - 0.65

Hedge ratio of an at-the-money straddle =?

Hedge ratio of an at-the-money straddle is given by :

(Hedge ratio of an at-the-money call option + Hedge ratio of an at-the-money put option)

Hedge ratio of an at-the-money straddle :

(0.35 + (-0.65))

= (0.35 - 0.65)

= - 0.30

5 0
4 years ago
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