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saveliy_v [14]
4 years ago
7

Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in

its Polishing Department:
Equivalent units of production—direct materials 126,000 EUP
Equivalent units of production—conversion 108,900 EUP
Costs in beginning Work in Process—direct materials $ 73,700
Costs in beginning Work in Process—conversion $ 54,100
Costs incurred in February—direct materials $ 622,300
Costs incurred in February—conversion 781,600

The cost per equivalent unit of production for conversion is:

a) $6.39. b) $4.94. c) $5.52. d) $6.20.
Business
1 answer:
blsea [12.9K]4 years ago
4 0

Answer:

$7,64 (non of the suggested options)

Explanation:

<em>Step 1 Determine the Total Costs Incurred for conversion</em>

Conversion Costs :

Beginning Work in Process          $ 54,100

Add Costs incurred in February   $781,600

Total Costs                                    $835,700

<em>Step 2 Determine cost per equivalent unit of production for conversion</em>

Cost per equivalent unit = Total Costs / Total Equivalent units of production

                                        =  $835,700 / 108,900

                                        =  $7,64

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xenn [34]

Answer:

$746,617.36

Explanation:

Using a financial calculator, input the following to calculate the price of the US Treasury note. I'm using Texas Instruments BA II Plus model;

Face value of the bond ; FV = 1,000,000

Semiannual coupon payment; PMT = Coupon rate * Face value ;

PMT= (3%/2) *1,000,000 = 15,000

Time to maturity of the note  ; N = 4*2 = 8

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then compute the Present value of bond or price; CPT PV = $746,617.36

8 0
4 years ago
QUESTION THREE
sveta [45]

From the amount of capital that the graduates had, the firms economic depreciation would be $10000

<h3>How to solve for the economic depreciation of the firm</h3>

Original cost of the capital - market value of capital after a year

= $30000 - $20000

= $10000

<h3>How to solve for the partnership costs</h3>

This is the Cost of capital plus cost of office space and cost of interest =  $44,520

<h3>How to solve for economic profit</h3>

Total revenue - partnership cost

100000 - 44520

= $55,480

Read more on economic depreciation here: brainly.com/question/14552090

#SPJ1

4 0
2 years ago
Who is affected negatively when a country’s currency is weak? Give domestic and foreign examples
fomenos
Its citizens, and government.
5 0
3 years ago
Boise Timber Co. computes its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixe
JulsSmile [24]

Answer:

285,000 units

Explanation:

The computation of the cash break-even point of sales units is shown below:

Cash break-even point = (Fixed cost - depreciation) ÷ (contribution margin per unit)

where,

Fixed cost = $7,600,000

Depreciation = $7,600,000 × 0.25% = $1,900,000

And, the contribution margin per unit is $20

So, the cash break-even point of sales units is

= ($7,600,000 - $1,900,000) ÷ ($20)

= 285,000 units

8 0
3 years ago
A manager checked production records and found that a worker produced 160 units while working 40 hours. In the previous week, th
alukav5142 [94]

Answer:

A. 4; 3.83 units per hour

B. Increases by 4.44%.

Explanation:

Given that,

Current period:

Output = 160 units

Input = 40 hours

Previous period:

Output = 138 units

Input = 36 hours

A. Current period productivity:

= Current period output ÷ Current period input

= 160 units ÷ 40 hours

= 4 units per hour

Previous period productivity:

= Previous period output ÷ Previous period input

= 138 units ÷ 36 hours

= 3.83 units per hour

B. Percentage change in worker's productivity:

= [(change in productivity) ÷ Previous period productivity] × 100

= [(4 - 3.83) ÷ 3.83] × 100

= (0.17 ÷ 3.83) × 100

= 0.0444 × 100

= 4.44%

Therefore, the worker's productivity increases by 4.44%.

3 0
3 years ago
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