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
ArbitrLikvidat [17]
3 years ago
6

At the beginning of the month, the Forming Department of Martin Manufacturing had 26,000 units in inventory, 30% complete as to

materials, and 15% complete as to conversion. During the month the department started 76,000 units and transferred 86,000 units to the next manufacturing department. At the end of the month, the department had 16,000 units in inventory, 90% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department.
Business
1 answer:
miskamm [114]3 years ago
4 0

Answer:

  • Materials - 100,400
  • Conversion - 95,600

Explanation:

Equivalent Units = Units Completed and Transferred out + Ending Work in Progress.

Materials Equivalent Units

Ending Work in Progress = 90% * 16,000

= 14,400 units

Equivalent Units = 86,000 + 14,400

= 100,400 units

Conversion Equivalent Units

Ending Work in Progress = 60% * 16,000

= 9,600 units

Equivalent Units = 86,000 + 9,600

= 95,600 units

You might be interested in
Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He has been following the mining
taurus [48]

Answer:

Growth rate 2.4%

Explanation:

MV=D1/(Ke-g)

Where MV=share market value=$15

D1=Dividend at year end=$.72

Ke=stock's expected rate of return=7.2%

By putting above values in formula, we get;

MV=D1/(Ke-g)

15=.72/(7.2%-g)

15*7.2%-15g=.72

1.08-15g=.72

.72-1.08=-15g

g= -.36/-15

g=2.4%

4 0
3 years ago
Read 2 more answers
A recession is____.<br> Consecutive periods of deflation<br> Apex Financial Literacy
Anni [7]

A recession is when the inflation rate is low.. prices are falling dramatically in the market

4 0
3 years ago
Read 2 more answers
If a Starbucks vanilla latte costs $5 in Seattle and 4 euros in Paris, what must the exchange rate be if purchasing power parity
anzhelika [568]
D <span>20 euros per dollar</span>
7 0
3 years ago
An appraiser completes an appraisal for a homeowner in preparation for obtaining a loan. The appraiser provides a letter report
Oxana [17]

The situation here is that the appraiser is:

  • Taking a percentage for his services from the appraisal

Based on the given question, we can see than when an appraisal is made, the appraisal which is actually a written report that makes an estimate of the present value of a piece of property.

With this in mind, we can see that the appraiser preferred to take his payment from the percentage value of the <em>value of the property </em>which he appraised. This method is sure to give the appraiser more money than he would have made, especially if the value of the property was quite high.

Read more about appraisal reports here:

brainly.com/question/25088996

3 0
2 years ago
At the beginning of this month, the balance of Cody's checking account was $125.26. So far this month, he has received a paychec
ddd [48]
The answer is going to be d
5 0
3 years ago
Read 2 more answers
Other questions:
  • The following information for the past year for the Blaine Corporation has been provided:Fixed costs:Manufacturing$ 125, 000$125
    13·1 answer
  • Can someone tell me the correct answer? Plz...I’ll give points.
    15·1 answer
  • The following information is for Bright Eyes Auto Supplies: Bright Eyes Auto Supplies Balance Sheet December 31, 2015 Cash $ 40,
    6·1 answer
  • What is the best answer choice
    13·1 answer
  • EA4.
    9·1 answer
  • Which one of the following statements is False? a. The depreciation tax shield is the cash tax savings the firm receives from it
    12·1 answer
  • Compare a stock insurer to a mutual insurer with respect to each of the following: a. Parties who legally own the company b. Rig
    9·1 answer
  • The member countries of BERPHO, a regional free trade area wanted to adopt a common currency, the "BERPH." The "BERPH" was model
    6·1 answer
  • Assume you own a churro stand. Also assume the next unit of labor that you hire produces 16 churros per hour, and the next machi
    11·1 answer
  • The Industrial Revolution was characterized by a(n) Group of answer choices migration of manufacturing jobs from the Midwest and
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!