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Veseljchak [2.6K]
4 years ago
11

1 Bal., 4,200 units, 2/5 completed 8,232 31 Direct materials, 75,600 units 128,520 136,752 31 Direct labor 34,700 171,452 31 Fac

tory overhead 19,522 190,974 31 Goods finished, 76,500 units 183,516 7,458 31 Bal. ? units, 4/5 completed 7,458 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit $ 2. Conversion cost per equivalent unit $ 3. Cost of the beginning work in process completed during March $ 4. Cost of units started and completed during March $ 5. Cost of the ending work in process $

Business
1 answer:
sasho [114]4 years ago
8 0

Answer:

1. Direct materials cost per equivalent unit $1.7

2. Conversion cost per equivalent unit $0.71

3. Cost of the beginning work in process completed during March $774

4. Cost of units started and completed during March $182,742

5. Cost of the ending work in process $7,458

Explanation:

Kindly refer to the attached document for breakdown workings how the above was arrived at.

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How much the money you have !!!
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Frasier Cabinets wants to maintain a growth rate of 5 percent without incurring any additional equity financing. The firm mainta
KATRIN_1 [288]

Answer:

Option E is correct. Pay out ratio is 73.74 %

Explanation:

Payout ratio shows how much portion of the net earning the company pay to its shareholders in form of cash dividend. Higher pay out ratio implies that company pay large portion of its earning to shareholder.

Mathematically, pay out ratio is = 1 - Retention Ratio ------ (a)

Retention ration shows portion of the earning that the company has retained for future investment or operation or growth.

Given data

Growth rate = 5 % or 0.05

Debt to equity ratio = 0.55

Assets turn over = 1.30

Profit Margin = 9 % or 0.09

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Sustainable growth rate = Retention ratio x Return on equity

Sustainable growth rate means the growth rate that the company wants to maintain in future.

Retention ratio = Sustainable growth rate / Return on equity ---- (b)

Return on equity is not given the question but it can be calculated from Du Pont equation.

According to Du Pont equation,

Return on Equity = Profit Margin x Assets Turn Over x Financial leverage

Return on Equity = 0.09 x 1.30 x ( 1 + 0.55) = 0.18135

Let r be retention ratio, Then

Sustainable growth rate = (0.18135 x r)/ ( 1- (0.18135 x r))

0.05 = (0.18135 x r)/ ( 1- (0.18135 x r))

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Payout ratio = 1 - Retention ratio = 1 - 0.2626 = 0.7374 or 73.74 %.

 

4 0
3 years ago
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month’s budget appear be
DochEvi [55]

Answer:

Margin of safety= 150 units

Margin of safety ratio= 15.9%

Explanation:

Giving the following information:

Selling price per unit $29

Variable expense per unit $18

Fixed expense per month $8,800

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To calculate the margin of safety both in units and as a percentage of sales, first, we need to calculate the break-even point in units.

Break-even point= fixed costs/ contribution margin

Break-even point= 8,800/ (29 - 18)= 800 units

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Margin of safety= (current sales level - break-even point)

Margin of safety= (950 - 800)= 150 units

As a percentage of sales:

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 150/950= 0.159= 15.9%

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The incomes of 50 loan applicants are obtained. which level of measurement is income
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