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S_A_V [24]
3 years ago
13

Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses proces

s costing, appear below:
Materials Conversion
Equivalent units in ending work in process inventory 2,080 930
Cost per equivalent unit $15.66 $6.23

A total of 21,700 units were completed and transferred to the next processing department during the period.

Required:
a. Compute the cost of ending work in process inventory for materials, conversion, and in total.
b. Compute the cost of the units completed and transferred out for materials, conversion, and in total.
Business
1 answer:
lys-0071 [83]3 years ago
3 0

Answer and Explanation:

a. The computation of cost of ending work in process inventory for materials, conversion, and in total is shown below:-

For material = 2,080 × $15.66

= $32,572.80

For conversion = 930 × $6.23

= $5,793.90

For total cost of work in process inventory = $32,572.80 + $5,793.90

= $38,366.70

b. The computation of cost of the units completed and transferred out for materials, conversion, and in total is shown below:-

For material = 21,700 × $15.66

= $339,822

For Conversion = 21,700 × $6.23

= $135,191

For total cost of completed and transferred units = $339,822 + $135,191

= $475,013

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Suppose that Under Armor and Nike are the sole producers of a particularly comfortable athletic shoe. The two firms currently ch
gayaneshka [121]

Answer:

b. both firms will reduce their price.

Explanation:

The Nash equilibrium is a decision-making theorem that lies inside the game theory where the player could attain the expected result by not deviating to the beginning strategy. In this, the strategy of the each player is optimal at the time when the other player decisions are relevant

So as per the given situation, both the firm should decrease their price

hence the option b is correct

7 0
2 years ago
Which of the following terms describes making false statements about the financial condition of any insurer that are intended to
Marysya12 [62]

Answer:

The answer to this question is Defamation

Explanation:

Defamation refers to any statement (Whether written or verbal) that is untrue and injurious  to any of the parties involved in the insurance business.

A statement is said to be a Defamatory statement if it is false especially regarding the financial condition of the insurer.

Identifying defamatory statement

  • Statements must be untrue
  • it must be capable of causing damage of injury to person or business.
5 0
3 years ago
If you are a DECA member, tell me why, and what you think about it.
Ne4ueva [31]

Answer:

i am

Explanation:

i like deca but i dont at the same time it tends to get annoying

3 0
3 years ago
Lance, Inc. has sales of 9,000 units. The contribution margin per unit is $32 and fixed costs total $120,000. Lance's profit is
Andrews [41]

With sales of 9,000 units, contribution margin per unit of $32 and fixed costs total of $120,000, Lance's profit is $168,000.

<h3><u>What is contribution margin?</u></h3>
  • A gross or per-unit basis might be used to express the contribution margin.
  • It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs have been subtracted.
  • The selling price per unit less the variable cost per unit is the contribution margin.
  • The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings.

Contribution margin offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward paying the business' fixed costs. Profit is the amount that remains after fixed expenses have been paid.

Number of units sold = 9,000.

Contribution margin per unit = $32.

Expenses = $32 × 9000 = $2,88,000.

Profit = $2,88,000 - $120,000 = $1,68,000.

Know more about contribution margin with the help of the given link:

brainly.com/question/14950546

#SPJ4

8 0
1 year ago
Your retirement fund consists of a $5,000 investment in each of 15 different common stocks. The portfolio's beta is 1.20. Suppos
mr_godi [17]

Answer:

portfolio's new beta is 1.25

Explanation:

Total number of stocks available in the portfolio = 15

Total portfolio = 1.20

Beta of stock to be sold = 0.8

Beta of stock to be purchased = 1.6

Weight of one stock (replacing stock) = 1/15

New portfolio beta = Total portfolio - (Weight * Beta of selling stock) + (Weight * Beta of purchasing stock)

New portfolio beta = 1.20 - [(1/15) * 0.8] + [(1/15) * 1.6]

                               = 1.20 - 0.05333 + 0.10667

                               = 1.25334

                               ≈ 1.25

6 0
3 years ago
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