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Sergio039 [100]
3 years ago
9

Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of

6,800 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,800 units that were 60% complete with respect to conversion costs. If 13,600 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be:
Business
1 answer:
Ksju [112]3 years ago
6 0

Answer:

The equivalent units of production for conversion cost would be $11,680 units

Explanation:

The computation of the equivalent unit of conversion is shown below:

= (Beginning inventory units × remaining percentage)  + (units started and  completed units × completed percentage) + (ending inventory units × completed percentage)

= (6,800 units × 25%) + (6,500 units × 100%)  + (5,800 units × 60%)

= 1,700 units + 6,500 units + $3,480 units

= $11,680 units

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The Oriole Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents
vfiekz [6]

Answer:

Break-even point in units= 402 rooms a month

Explanation:

Giving the following information:

The inn has 50 rooms that it rents at $100 a night. Operating costs are as follows:

Salaries $7,500 per month

Utilities $1,500 per month

Depreciation $1,300 per month

Maintenance $1,760 per month

Maid service $24 per room

Other costs $46 per room

<u>First, we need to calculate the total fixed costs and the unitary variable cost.</u>

Total fixed costs= salaries + utilities + depreciation + maintenance

Total fixed costs= $12,060

Unitary variable cost= 24 + 46= $70

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 12,060/ (100 - 70)

Break-even point in units= 402 rooms a month

8 0
3 years ago
The Gardner Company expects sales for October of $247,000. Experience suggests that 40% of sales are for cash and 60% are on cre
LenKa [72]

Answer: $74100

Explanation:

Based on the information given, the amount of cash expected to be collected in October will be calculated thus:

October, credit sales will be:

= 60% x $247000

= $148200

Since the amount that'll be collected in October will be 50% of the credit sales. This will be:

= 50% × $148200

= $74100

6 0
3 years ago
An increase in the price of orange juice from $2.39/half gallon to $2.45/half gallon is accompanied by a 2.5 percent decrease in
Crank
<span>An increase in price could potentially result in a loss in sales due to the client base not believing that the price increase was justified.</span>
7 0
3 years ago
Caddie Manufacturing has a target debt-equity ratio of .95. Its cost of equity is 11 percent, and its pretax cost of debt is 7 p
Zigmanuir [339]

Answer:

8.20%

Explanation:

Debt equity ratio = 0.95

or

Debt = 0.95 × equity

Cost of equity, ke = 11% or 0.11

Pretax cost of debt, kd = 7% or 0.07

Tax rate = 24% or 0.24

Therefore;

WACC = {Weight of equity × ke } + {Weight of debt × kd × (1-Tax rate)}

It is to be noted that ;

Weight of equity = Equity ÷ (Debt + Equity)

= Equity ÷ ( 0.95×Equity + Equity)

=1 ÷ 1.95

=0.513

Also,

Weight of debt = Debt ÷ ( Debt + Equity)

=0.95 × Equity ÷ ( 0.95 × Equity + Equity)

= 0.95 ÷ 1.95

=0.487

Hence,

WACC = {0.513 × 0.11} + {0.487 × 0.07 × (1-0.24)}

= {0.05643} + {0.03409 × 0.76}

= 0.0823384

or

0.0823384 × 100%

=8.23384

=8.20%

6 0
3 years ago
this section should include how using the spreadsheet data assisted you in 1) identifying supplier’s record for on-time deliveri
Oduvanchick [21]

The spreadsheet data assisted by way of: helping with information Exports. Spreadsheets may be used to comprise records that has been exported from other structures.

A spreadsheet is a pc application for computation, company, evaluation and storage of information in tabular shape. Spreadsheets had been developed as automatic analogs of paper accounting worksheets. the program operates on facts entered in cells of a desk.

Spreadsheet, pc program that represents statistics in a two-dimensional grid of facts, at the side of formulation that relate the statistics. historically, a spreadsheet is an accounting ledger page that suggests numerous quantitative facts useful for coping with a business.Excel information types are the four exceptional styles of values in Microsoft Excel. The four styles of statistics are text, quantity, logical and blunders. you can perform extraordinary features with each type, so it is important to know which ones to apply and when to use them.

Learn more about spreadsheet here: brainly.com/question/4965119

#SPJ4

5 0
1 year ago
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