Answer:
486 units
Explanation:
Computation for Department 1 The equivalent units of production for labor and overhead units.
Using this formula
(Completed and transferred out units × 100% percent) +(Ending work in process inventory ×60% complete for labor and overhead)
Where:
Completed and transferred out units 450
Ending work in process inventory 60
Let plug in the formula
(450 ×100%)+(60×60%)
=450+36
=486
Therefore the equivalent units of production for labor and overhead is 486 units.
Answer:
$2.67 per share
Explanation:
To start with,we calculate the present worth of the company using the below formula:
present worth of the company=free cash flow*(1+g)/r-g
g is the growth rate of the free cash flow which is 3.0%
r is the cost of capital of 10%
present worth=$10 million*(1+3%)/10%-3%
=10.3/7%
=$ 147.14 million
However ,the value of total equity is computed thus:
equity=present worth+cash-debt
cash is $8.5 million
debt is $22 million
equity=$ 147.14 +$8.5-$22
equity=$133.64 million
value of each share=equity value /number of shares
number of shares is 50 million
value of each=$133.64 million/50 million=$2.67 per share
Answer:
B) Inventory Direct Materials, Direct Labour and Manufacturing overhead
Explanation:
In job costing, the determinants of cost are labour, material and overheads. A job order costing or job costing is a costing method used to cost jobs. Features of job order costing are:
1) It must be custom made that is, it must carry descriptions. This is usually based on methods.
2) Time frame is short.
3) The price for the job depends on the cost of material, labour and overhead.
The procedures of job order costing are; job identification, job description and job evaluation. Job evaluation involves the total cost of material, labour and overhead. Job identification involves tagging of the requirements needed for the job. While job description involves the necessary things to be done for the job to be completed.
Electrocution means death caused by an electric shock coursing through the body.
Answer: Regressive tax
Explanation:
Regressive tax refers to a tax regime where the tax rate reduces as the level of income increases.
In the above scenario, the income tax rates are:
$20,000 income = 2,000 / 20,000 = 10%
$30,000 income = 2,500 / 30,000 = 8.3%
$8,000 income = 4,000 / 80,000 = 5%
Notice how the tax rates reduced as the income earned went up. This is why this is a regressive tax regime.
