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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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Dearborn Company has earnings per share of $2.80, it paid a dividend of $2.10 per share, and the market price of the company's s
marissa [1.9K]

Answer:

The price/earnings ratio is closest to 21.79

Explanation:

Price / Earning ratio is used to assess the owner`s appraisal of share value. The higher the ratio the more confident that the shareholders have on company's future performance.

Price / Earning ratio = Market price of Share ÷ Earnings per share

                                  = $61 ÷ $2.80

                                  = 21.79

6 0
3 years ago
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $22 per
Darina [25.2K]

Answer:

43.57 %

Explanation:

The computation of the gross margin for the cat condos is given below:

Total Manufacturing Cost per unit is

= Direct materials + Direct labor + Manufacturing overhead  

=  $22 + $15 + ( 280% of $15)

= $79

Now

Gross Profit is

= Selling price per unit - Total Manufacturing Cost per unit

= $140 -  $79

= $61

And finally

Gross Profit Margin is

= (Gross Profit ÷ Selling Price ) × 100

= ($61 ÷ $140) × 100

= 43.57 %

8 0
3 years ago
In this unit, you learned about using the internet for business purposes. What forms of business communication rely on the inter
jolli1 [7]

Answer:The forms of business purpose is Email, instant messaging, websites, blogs, text messaging, voicemail and video messaging.Each form have there way of doing things like emailis a message.and video message is a massage but you can see who you are talking to.The Form that I think is useful is Email because everyone use it.

<u><em>ty</em></u>

5 0
3 years ago
If you borrow​ $100,000 at an annual rate of​ 8.00% for a 10minusyearperiod and repay with 10 equal annual endminusofminusthemin
Ivahew [28]

Answer:

Amortized loan

Explanation:

An amortized loan is a loan with scheduled periodic payments that are applied to both principal and interest. An amortized loan payment first pays off the relevant interest expense for the period, after which the remainder of the payment reduces the principal.

Interest is calculated based on the most recent ending balance of the loan and the interest amount owed decreases as payments are made. This is because any payment in excess of the interest amount reduces the principal, which in turn, reduces the balance on which the interest is calculated.

3 0
3 years ago
When supplies are endless, prices tend to _____.
Shtirlitz [24]
When supplies are endless, prices tend to decrease! This is because there is an infinite amount of a good and everyone can get it. There will likely be left over supplies and the demand is not high so prices will go down. 
3 0
3 years ago
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