Answer:
Results are below.
Explanation:
<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Units completed= (3,200 + 200) - 400= 3,000
Equivalent units of production= 3,000 + 400*0.8
Equivalent units of production= 3,320 units
Answer: The board of directors are active and engaged.
Explanation:
The board of directors is a group which has a fiduciary duty in ensuring that the company is run consistently well with long term interests of the owners, or the shareholders of a corporation and they also act as an intermediary between shareholders and management.
In the above scenario, the dismissal signals that the board of directors are active and engaged. The dismissal shows that Lending Club meets the industry high standards of disclosure and transparency.
Answer:
clean price = $1,393
Explanation:
The clean price of the bond does not include any accrued interests. The invoice price = clean price + accrued interests
- invoice price = $1,410
- accrued interests = $1,000 x 0.068 x 3/12 = $17
clean price = invoice price - accrued interests = $1,410 - $17 = $1,393
Answer:
Will increase to $460,000
Explanation:
Palmer Inc. currently produces 110,000 units at the rate of $440,000
Next year they are expected to produce 115,000 units
Since the cost is variable, the total cost can be calculated as
(440,000/110,000) × 115,000
= 4×115,000
= $460,000
Hence the total cost is $460,000
Answer:
Variable overheads efficiency variance = $13,040 favorable
Explanation:
<em>Variable overheads efficiency variance is the difference between the standard hours of actual output and actual hours valued at the standard variable overhead rate per hour </em>
Hours
5,900munits should have taken (5,900× 0.9) 5,310
but did take <u> 2050 </u>
efficiency variance in hours 3,260 favorable
Standard rate per hour <u> $4.00 </u>
Variable overheads efficiency variance <u> 13,040 favorable </u>
Variable overheads efficiency variance = $13,040 favorable