A pizza company produces frozen pizzas in three departments: assembly, freezing, and packaging. In assembly, crust ingredient ar
e added at the beginning of the process. After the crust is made, the sauce, cheese, and toppings are added at the end of the process. Conversion costs are added evenly. Data for the assembly department includes: Beginring WIP Inventory 0 units 26,000 units 22500 unit 3,500 units $33,880 Units started Units tedjtranaferred to free zing WIP (65% through assembly) ning Crust ingredients added Cheese added Sauce and toppings Direct labor Manufacturing Overhead added $7,500 24,00 The cost per equivalent unit for conversion costs would be closest to $1.20. $1.00. O$1.30. $1.01
1 answer:
Answer:
$1.20 per unit
Explanation:
Given that,
Missing data table is attached with the answer.
Equivalent units for Conversion costs:
= Units completed + Ending work in process
= 22,500 units + (65% × 3,500 units)
= 22,500 units + 2,275 units
= 24,775 units
Total conversion costs:
= Direct labor + Manufacturing Overhead
= $24,000 + $5,730
= $29,730
Cost per equivalent unit for conversion costs:
= Total conversion costs ÷ Equivalent units for Conversion costs
= $29,730 ÷ 24,775 units
= $1.20
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Answer:
Dividend yield for W = 5%
Dividend yield for X = 15%
Dividend yield for Y = 20%
Dividend yield for Z = 4.6%
Explanation:
For a constant growth stock
If r is made subject of formula; r= = div yield + growth rate
For Stock W, given r = 15% and g= 10%; dividend yield = 15%-10%=5%
For Stock X, given r = 15% and g= 0%; dividend yield = 15%-0%=15%
For Stock Y, given r = 15% and g= -5%; dividend yield = 15%-(-5)%=20%
For Stock Z, the price of the stock today is calculated as follows:
Price of the stock today = .
where P2=
Price of the stock today = =109.57
Therefore dividend yield = =
4.6%