Answer:
$16.20
Explanation:
Calculation for How much is the cost per equivalent unit for direct materials
Cost per equivalent unit for direct materials=($36,000+$186,000)/[11,000+(3,000*90%)]
Cost per equivalent unit for direct materials=$222,000/(11,000+2,700)
Cost per equivalent unit for direct materials=$222,000/13,700
Cost per equivalent unit for direct materials=$16.20
Therefore the the cost per equivalent unit for direct materials will be $16.20
Answer:
$65.85
Explanation:
Calculation for What should the offer price be
Using this formula
Offer price=(Preferred stock× Liquidating value)/Return
Let plug in the formula
Offer price = (0.054 × $100) / 0.082
Offer price=5.4/0.082
Offer price = $65.85
Therefore the offer price should be $65.85
<u>Calculation of raw materials cost added to the work in process inventory account during the period:</u>
Raw materials issued using materials requisition 1445 for Job 101 = $25,000
Add: Raw materials issued using materials requisition 1446 for Job 102 = $35,000
Add: Materials requisition 1447 used on multiple jobs 1= $30,000
Total raw materials cost added to the work in process inventory account during the period =<u> $90,000</u>
Answer:
1. $31,000
2. $40,000
Explanation:
1. Computation of bad debt expenses for the year
Bad debt expenses = Credit sales × Bad debts expenses
= $1,550,000 × 2%
= $31,000
2. Computation of year end balance
Year end balance = Beginning balance + Bad debt expense - Written off
= $31,000 + $31,000 - $22,000
= $40,000
Therefore for computing the bad debt expenses and year end balance we simply applied the above formula.
$73,000x8.5%=$6,205 for one year
I believe you are looking for either this number or $6,205x8?
$49,640 for 8 years
