1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lesantik [10]
3 years ago
13

weighted average method in its process costing system. Units % complete for Conversion Beginning work in process inventory 5,000

50% Transferred from prior department 76,000 Ending work in process inventory 2,400 70% What were the equivalent units for conversion costs in the department for the month?
Business
1 answer:
shutvik [7]3 years ago
5 0

Answer:

The equivalent units for conversion costs in the department for the month is  80,280 units

Explanation:

The computation of the equivalent units for conversion costs is shown below:

= Units started and completed × percentage of completion + ending work in progress units × percentage of completion

where,

Units started and completed = Beginning work in process inventory units + transferred units - ending work in process inventory units

= 5,000 units + 76,000 units - 2,400 units

= 78,600 units

The other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

= 78,600 units × 100 + 2,400 × 70%

= 78,600 units + 1,680 units

= 80,280 units

You might be interested in
A firm with an A rating plans to issue one million units of a 10 year-4% bond with face value $100. After the financial crisis t
GenaCL600 [577]

Answer:

a)$103.309 million initially b)$83.309 million c)240070 bonds more

Here is the complete question:

A firm with an A rating plans to issue one million units of a 10 year-4% bond with face value $100. After the financial crisis this firm is downgraded to a B rating. The yield curve increases 0.2% per year. The yield for year 1 is y1=1%, for year 2 is y2=1.2%, y3=1.4% and so on and y10=2.8%. The default spreads are given in the table below.

(a) What is the initial amount (before downgrading) the firm wants to raise?

(b) How much can this now B rated firm raise?

(c) If the firm wants to raise the planned amount, how many more bonds does it issue?

Rating Default spread

AAA 0.20%

AA 0.40%

A+ 0.60%

A 0.80%

A- 1.00%

BBB 1.50%

BB+ 2.00%

BB 2.50%

B+ 3.00%

B 3.50%

B- 4.50%

CCC 8.00%

CC 10.00%

C 12.00%

D 20.00%

Explanation: The explanation is found in the attachment

8 0
3 years ago
Patsy, a registered nurse, has decided to start a home healthcare service to assist with the medical, meal preparation, and ligh
allochka39001 [22]
She is involved with the cultural environment as this mainly focus on the well being of each individual and each of the person's identity in which we can see that Patsy is focused on the elderly for her reason to provide the assistance they need and requires.
8 0
3 years ago
Read 2 more answers
The adjusted trial balance of Warbocks Corporation at December 31, 2017 includes the following accounts: Retained Earnings $12,6
irina [24]

Answer:

                                            Warbocks Corporation

Statement of retained earnings for the year ended December 31, 2017

                                                                                      Amount in $

Opening retained earnings                                           12,600

Net income for the year                                                  7,000

Dividend                                                                         <u> (5,000)</u>

Closing retained earnings                                             <u> 14,600</u>

Explanation:

The retained earnings statement shows the movement in the retained earnings balance between the start and end of the year.

This includes the net earnings and dividend paid during the year.

Net income =  $30,000 - $15,000 - $2,000 - $4,500 - $500 - $1,000

= $7,000

5 0
3 years ago
Miller Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs
laiz [17]

Answer:

C. straight back chairs will be overcosted

Explanation:

Miller Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs are made by hand. Miller Company uses a company-wide overhead rate that is based on direct labor hours to assign overhead costs to the two products. If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis:

A. rocking chairs will be undercosted

B. There should be no impact on unit cost  

C. straight back chairs will be overcosted

D. rocking chairs will be overcosted.

EXPLANATION

If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis then the straight back chairs will be overcosted<u> because the automation process directly implies that it no longer drives labor hours since it is no longer made by hand.</u>

Automated processes should use machine hours rather than labor hours, for the allocation of its overhead.

8 0
3 years ago
Read 2 more answers
Does herschel walker do 1000 pushups a day?
BaLLatris [955]
<span>Er macht nicht 1000 Liegestütze pro Tag</span>
4 0
3 years ago
Other questions:
  • All else equal, a firm would prefer to have a higher gross margin. <br> a. True <br> b. False
    12·1 answer
  • Pollachek Co. purchased land as a factory site for $430000. The process of tearing down two old buildings on the site and constr
    8·1 answer
  • The person who acquires real property under the terms of a will is known as a ___________.
    11·1 answer
  • You are analyzing a stock that has a beta of 1.25. The​ risk-free rate is 3.7 % and you estimate the market risk premium to be 5
    14·1 answer
  • Which is a technique advertisers employ to increase consumer demand for their goods and services?
    9·1 answer
  • hanif gives his neighbor carla his freshly grown tomatoes in exchange for her expert lawn care.What is hanif engaged in
    7·1 answer
  • The total costs accounted for in a production cost report equal the:
    7·1 answer
  • Why do grocery stores put canned pears on sale?
    8·2 answers
  • What is the primary purpose of the World Bank?
    6·1 answer
  • What do americans consider to be a signal of progress in a business negotiations with foreigners?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!