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Reptile [31]
4 years ago
11

Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with

3,400 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 64,500 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 25,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs.What were the equivalent units for conversion costs in the Assembly Department for the month?
a) 86,100
b) 42,900
c) 55,520
d) 57,900
Business
1 answer:
Alchen [17]4 years ago
7 0

Answer:

d) 57,900

Explanation:

The computation of the equivalent units for conversion costs in the Assembly Department for the month is shown below:

As we know that

Units transferred to the next department = Units in beginning work in process + units started into production - units in ending work in progress inventory

= 3,400 units + 64,500 units - 25,000 units

= 42,900 units

Now the equivalent units for conversion units is

= 42,900 units × 100% + 25,000 units × 60%

= 42,900 units + 15,000 units

= 57,900 units

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Explanation: The monopolist attends to the market demand, therefore the choice of the monopolist is limited by the market demand. If you set a very high price, you will only sell the amount that the demand you want to buy at that price, so it will only increase by less than $ 15.

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Break-even sales and sales to realize operating income For the current year ended March 31, Cosgrove Company expects fixed costs
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b. 27,600 units

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Break even point is the level of Activity where a firm neither makes a profit nor a loss.

<em>Break -even (units) = Fixed Costs / Contribution per unit</em>

<u>Contribution per unit</u>

Contribution per unit = Sales per unit <em>less</em> Variable Cost per unit

                                   = $66 - $44

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Break -even (units) =  $492,800 / $22

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                                                        = ($114,400 + $492,800) / $22

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The price of a stock whose dividends are expected to grow at a constant rate forever can be calculated using the constant growth model of the dividend discount model approach (DDM). The DDM bases the value of a stock on the present value of the future expected dividends from the stock.

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