1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zysi [14]
3 years ago
15

Ozdemir Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the

most recent month are listed below:
Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion 400 $ 2,200 $ 800 55% 10% 5,400 4,900 $ 78,800 $132,800 900 85% 70%
What are the equivalent units for conversion costs for the month in the first processing department?
Business
1 answer:
Paul [167]3 years ago
4 0

Answer:

$5,490

Explanation:

Computation for the equivalent units for conversion costs

To complete beginning work in process inventory 360

[400*(1-10%)]

Units started and completed 4,500 (4,900-400)

Ending work in process inventory 630 (900*70%)

Equivalent units for Conversion costs $5,490 units

Therefore the equivalent units for conversion costs is $5,490

You might be interested in
On May 3, 2017, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2017, and carries a 6.86% inter
Semmy [17]

Answer:

704076 $

Explanation:

Exact statement of the question is:

<em>May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)</em>

Solution:

Fro 3rd May to October 1st. 2017 there are 151 days

But 365 days = 1 year

==> 151 days = 151× 1/365 =0.414 years

But we use 1 year as one term

==> 1year = 1T

==>  T = 0.414

R= 6.86

P= 685000

A=?

We use formula for the term:

A= P(1+ \frac{R}{100} )^{T}

Where A= ammount at the end of term

P= Loan amount

R= Rate of interest

T= No. of terms

Putting values in this formula;

==> A= 685000×(1+\frac{6.86}{100}) ^{0.414}

==> A= 685000 × 1.02784938489=704076 $

6 0
3 years ago
At first Rohan thought it was a good idea to offer a car repair pick-up service at his auto repair shop, but then he realized th
mestny [16]

Answer: The R part which stands for RARENESS/RARITY.

Explanation: The VRIO analysis is an acronym for Value, Rareness, Imitability, Organization.

This analysis is used in the evaluation of a business resources and factors that places it above their competition.

The rareness/rarity begs to question if the resource used in business are in the hands of a few.

In this question, Rohan was looking to expand his business by adding a pick-up service but by asking the rareness question, he discovered that the competitive advantage is in the hands of another business Tow-It-Now Inc.

7 0
3 years ago
Broadbent's model is called an early selection model because
Reptile [31]
Broadbent's model is called an early selection model because <span>the filtering step occurs before the meaning of the incoming information is analyzed.</span>
4 0
3 years ago
accounting Which organization has the authority over the accounting and financial disclosures for companies whose shares of owne
Ivan

Answer:

Securities Exchange Commission (SEC)

Explanation:

Securities Exchange Commission (SEC) have a mission of protecting investors, ensuring a fair and efficient market, and encourage capital formation.

They monitor participants in the securities markets by ensuring there is disclosure of important information regarding the market, maintain fair dealing, and protect participants against fraud.

Therefore SEC has the authority over the accounting and financial disclosures for companies whose shares of ownership (stock) are traded and sold to the public.

These measures are in place to protect investors.

6 0
3 years ago
Answer the question based on the accompanying list of items related to aggregate demand or aggregate supply. Changes in which co
german

Answer:

  1. Government Spending   
  2. Degree of Excess Capacity  
  3. Productivity  
  4. Business Taxes  
  5. Domestic Resource Availability  
  6. Prices of Imported Products

Explanation:

Hello, research into this question makes me believe that this is the list of factors. Hope I am right :)

  1. Government Spending  
  2. Consumer Expectations  
  3. Degree of Excess Capacity  
  4. Personal Income Tax Rates  
  5. Productivity  
  6. National Income Abroad  
  7. Business Taxes  
  8. Domestic Resource Availability  
  9. Prices of Imported Products  
  10. Profit Expectations on Investments

Supply is the amount of goods and services suppliers are willing to provide at a given time for a given price. A shift in the supply curve to the left means that there is a fall in quantity supplied (occurs during unfavorable conditions) whereas a right-hand shift proves that there is an increase in quantity supplied (occurs during favorable conditions) . Factors that can cause a shift in the supply curve are as follows:

1. Government Spending:

If the government increases spending such as in the form of loans or subsidies, suppliers will be positively affected and causes a right-hand shift in the supply curve. However, if government spending falls, it would create a left-hand shift.

2. Degree of Excess Capacity:

This refers to the stock that can be withheld in a business. When there is a lot of excess capacity, there would be a right-hand shift in supply.

3. Productivity:

Higher productivity means that production is high, hence supply is high causing a right shift. On the other hand, lower productivity will create a left-hand shift.

4. Business Taxes:

Businesses are expected to pay taxes such as corporate taxes. When taxes are high, firms are discouraged since a lot of their earnings are paid as tax to the government. Thus supply will fall, leading to a left shift. On the other hand, when taxes are low, businesses are encouraged to produce more since they can now make higher profits. Thus, supply curve shifts to the right.

5. Domestic Resource Availability:

If domestic resources are used in production, such as land, labor or machinery, high availability of these will allow higher production and hence a shift in supply to the right. Lower availability will cause a left hand shift in the supply curve.

6. Prices of Imported Products:

If certain raw materials are important for production, rising prices of imported products will reduce supply as cost of production is higher, which causes supply to shift left. However, when prices of imported products fall, cost of production falls, causing a right hand shift in the supply curve.

7 0
3 years ago
Other questions:
  • When does one country have an absolute advantage over another country?
    7·1 answer
  • The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summ
    12·1 answer
  • Which statement best describes payday leaders and pawnbrokers?
    14·2 answers
  • A company has annual sales of $160 million, a net profit margin of 4%, and total assets of $90 million. It carries $10 million i
    10·1 answer
  • Gene is a self-employed taxpayer working from his home. His net business profit is $7,000 before home office expenses. His alloc
    7·1 answer
  • Emily, while driving a car manufactured by Toyosan, suffered a side impact collision from another driver. Despite the fact that
    9·2 answers
  • Murphy's, Inc. has 10,000 shares of stock outstanding with a par value of $1.00 per share. The market value is $8 per share. The
    7·1 answer
  • Define financial literacy and financial planning in your own word
    6·1 answer
  • Golden Arch Company uses the periodic inventory system. It has compiled the following information in order to prepare the financ
    9·1 answer
  • Which of the following is used by a seller to deceive a buyer? a. Bait and switch b. Contest c. Display d. Introductory offer Pl
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!