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Because he divided the population into smaller groups and then randomly sampled each group, he would be using a stratified random sampling procedure.
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Answer:
$ 5.34
Explanation:
Calculation for cost per equivalent unit for conversion costs for September
First step is to find the Equivalent units of production
To complete beginning work-in-process:
Conversion 12,000
[15,000 units × (100%-20% )]
Units started and completed 65,000
(89,000-24,000)
Ending work-in-process
Conversion 21,600
(24,000 units × 90%)
Equivalent units of production 98,600
Second step is to calculate the Cost per equivalent unit using this formula
Cost per equivalent unit =Cost added during the period ÷Equivalent units of production
Let plug in the formula
Cost per equivalent unit = $526,524÷98,600
Cost per equivalent unit = $5.34
Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34
Firms can raise the financial capital they need to pay for such projects in four main ways: (1) from early-stage investors; (2) by reinvesting profits; (3) by borrowing through banks or bonds; and (4) by selling stock. When owners of a business choose sources of financial capital, they also choose how to pay for them.
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