Depending on when you get paid.
If you get paid every week then weekly.
Most of the time I would say to make a budget weekly just because it is easier to keep track of.
so (C)
Answer:
b. Liabilities are understated by $4,167 accrued interest payable
Explanation:
Answer:
27 days
Explanation:
The accrued interest is calculated by beginning the count of days from the dated date of the corporate bond up until the settlement, without including the settlement date.
From 1st June to 27th June, a day before settlement date makes 27 days, as a result, the number of days in respect of which interest is owed to the underwriter is 27 days
Answer:
The process cost summary is given below.
A-Total Material Cost = $22,500
B-Total Conversion costs = $95,625 (45,625+50,000)
C-Units transferred out = 40,000
D-Ending Inventory = 10,000
E-Equivalent units of material = 45,000
F-Equivalent units of conversion costs = 42,500
G-Equivalent cost per unit of material = $0.5 (A/E)
H-Equivalent cost per unit of conversion costs = $ 2.25 (B/F)
I-Equivalent cost per unit = $2.75 (G+H)
J-Cost of inventory transferred = $ 110,000 (I*C)
K-Cost Of Ending Inventory = $ 8,125 (H*(F-C) + (5000*0.5))
Total transferred units = 121,500
Direct labor costs = $30,000
Completed unit from the ending inventory = 42,400 x 25% = 10600
Now the total units transferred = 121,500 + 10600 = 132100
Direct labor cost per equivalent unit = Direct labor costs / total units transferred
= 30,000 / 132100 = 0.227
Direct labor cost per equivalent unit = 0.23.
