Having something classified as industrial waste rather than municipal solid waste can be beneficial for a business because industrial waste is not regulated by the federal government and local governments may not be as strict in the safety requirements making disposal cheaper.
<h3>What is industrial waste?</h3>
Industrial waste is the term that is used to refer to all forms of waste that may be gotten from the daily processes that go on in companies in the in production and service delivery.
There are laws that guides such types of waste disposals in the country. During the factory process of milling and all forms of processing they are those materials that may be regarded as useless which cannot be used in the final process.
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The total investment stayed at the same constant value which is no changes have appeared from April to June<span>. From April to May, there was no difference between the month to month total investment value (0 = (500+400)-(600+300)). There was also no difference between the month to month total investment value from May to June (0 = (600+300)-(400+500)).</span>
Answer:
a. 6.00%
b. 3.10 times
c. 18.60%
Explanation:
The computations are given below
As we know that
a. Profit margin is
= Income from operation ÷ Sales × 100
= $25,854 ÷ $430,900
= 6.00%
b. Investment turnover is
= Sales ÷ Invested assets
= $430,900 ÷ $139,000
= 3.10 times
And,
c. Return on investment is
= Profit margin × investment turnover
= 6 × 3.1 times
= 18.60%
Therefore, we use the above formulas
Answer:
Amount to be transferred out of Work in process = 5,400 units * $63.13
= $340,902
Explanation:
Finished goods
opening 1,100
production 5,300
closing - 1,000
Finished good = 5,400 units
Completed goods = finished goods transferred + 20% complete WIP
= 5,400 + 200 units (1000*20%)
= 5,600 units
Total cost = $2,540 + $351,000
=$353,540
Cost per unit = Total cost / Completed goods
= $353,540 /5,600 units
= $63.13
Even though the 200 units (1000*20%) are completed and are included in calculating the cost per unit but they are not transferred to the finished goods only 5,400 units are transferred to finished goods.
The only reason for the 200 units inclusion on calculating the cost per units is that they are complete and in the total cost they are included as they were incurred alongside the 5400 units transferred.
