1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dem82 [27]
3 years ago
14

Roy Company manufactures a product in Departments A and B. Materials are added at the beginning of the process in Department B.

Roy uses the weighted-average method in its process costing system. Conversion costs for Department B were 50% complete with respect to the 6,000 units in the beginning work in process and 75% complete with respect to the 8,000 units in the ending work in process. A total of 12,000 units were completed and transferred out of Department B during February. An analysis of the costs in Department B for February follows: The total cost per equivalent unit during February was closest to: Select one: a. $2.75 b. $2.78 c. $2.82 d. $2.85
Business
1 answer:
den301095 [7]3 years ago
5 0

Answer:

The question is missing cost figures so it's not possible to determine the equivalent cost per unit

Explanation:

More information is needed. However we can still determine the total equivalent units.

It is given that a total of 12000 units were completed and transferred out of department B for February. We're left with 6000 units in beginning work in process that are 50% complete. Thus 6000 x 50% = 3000 equivalent units in beginning work in process

75% of units in ending work in process are complete. Thus 75% x 8000 = 6000 equivalent units.

The total equivalent units for February will be 9000 + 12000 completed units which is 21000 units.

However we need additional costing information that is missing to complete the question.

You might be interested in
Carmichael Company is considering purchasing a piece of equipment for $60,000. It expects the equipment will last 12 years (and
nalin [4]

Answer:

Initial outlay = $60,000

Annual net income before tax = $7,200 per annum

Depreciation = <u>Cost - Residual value</u>

                        Estimated useful life

                      = <u>$60,000 - 0</u>

                           12 years

                     = $5,000 per annum

Annual net cashflow before tax

= Annual net income before tax + Depreciation

= $7,200 + $5,000

= $12,200

Explanation:

In this case, the annual net income before tax has been given. The annual net income before tax has excluded depreciation, which does not involve movement of cash. Therefore, we need to add back depreciation in order to obtain the expected before tax cashflow.

4 0
3 years ago
Excerpts from Huckabee Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receiv
ICE Princess25 [194]

Answer:

The Huckabee's 2018 average collection period (rounded) is 5 times

Explanation:

To find out the average collection period for Huckabee's 2018, we have to use the formula of the average collection period which is presented below:

Average collection period = Net credit sales ÷ Average accounts receivable

where,

Net credit sale is $400,000

And, the average accounts receivable is calculated by applying the equation which is shown below:

= (2017 accounts receivable + 2018 accounts receivable) ÷ 2

=  ( $72,000 + $80,000 ) ÷ 2

= $76,000

Now apply the above values to the formula

So, the answer would be equal to

= $400,000 ÷ $76,000

= 5.26 times

The other things like opening balance of merchandise inventory and cost of goods and  the ending balance of merchandise inventory and cost of goods is irrelevant. Thus, it is not to be considered.

Hence, Huckabee's 2018 average collection period (rounded) is 5 times

5 0
3 years ago
*LOOK AT THE PHOTO PLEASE*<br> The goal of giving the debtor a fresh start is accomplished through
RSB [31]
<span>The goal of giving the debtor a fresh start is accomplished through</span><span> releasing debtors from personal liability for specific debts and protecting them from collection efforts.</span>
3 0
3 years ago
On January 1, 2012, Gucci Brothers Inc. started the year with a $492,000 balance in Retained Earnings and a $605,000 balance in
dsp73

Answer:

option (C) $1,201,300

Explanation:

Data provided in the question:

Balance in retained earnings = $492,000

Balance in Common Stock = $605,000

Net income earned = $92,000

Dividend paid = $15,200

Common stocks issued = $27,500

Now,

Common Stock

= Balance in Common Stock + Common stocks issued

= $605,000 + $27,500

= $632,500

Retained Earnings

= Balance in retained earnings + Net income earned - Dividend paid

= $492,000 + $92,000 - $15,200

= $568,800

Total Stock Holders Equity on Dec 31,2012

= Common Stock + Retained Earnings

= $632,500 + $568,800

= $1,201,300

Hence,

The answer is option (C) $1,201,300

4 0
2 years ago
A movie theater manager asks an employee, "Should we distribute tickets to the movie on a first-come-first-served basis or throu
mixer [17]

Answer:

For whom to produce.

Explanation:

This fundamental question tends to answer the sector of the customers the company will produce for. It reflects the customer's buying power and willingness.

  • For example, If the customer we are producing has enough money, so we should go for first come first served basis, OR, If the customer lacks money and it hinders the customer to watch a movie so we motivate them to participate in a lottery so are in guise targeting that section as well.
4 0
3 years ago
Other questions:
  • The U.S. dollar exchange rate increased from ​$0.89 Canadian in June 2009 to ​$0.96 Canadian in June 2010​, and it decreased fro
    5·1 answer
  • "A market maker that compensates a retail member firm for sending its customer orders to that market maker is:"
    15·1 answer
  • Use this information for Rylan Corporation to answer the question that follow. Rylan Corporation received an offer from an expor
    14·1 answer
  • A purchaser of the assets of a business must allocate the purchase price to the individual assets in accordance with the written
    8·1 answer
  • The money multiplier equalsa.1/(1 R), where R represents the quantity of reserves in the economy. b.1/(1 R), where R represents
    15·1 answer
  • If Cute Camel’s forecast turns out to be correct and its price/earnings (P/E) ratio does not change, what does the company’s man
    7·1 answer
  • (I) Countries with more economic freedom during the past quarter of a century had a lower average per capita GDP.(II) Countries
    11·1 answer
  • Assume Alpha reacquires share of their own Common Stock to hold in the Treasury. They pay $ 30.00 per share.
    5·1 answer
  • Whereas productions are documents a student prepares especially for a portfolio, _____ represent a teacher's documentation of a
    6·1 answer
  • If a conventional loan is at 16% and the VA loan is at 15%, the lender will want to charge how many points to increase the yield
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!