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Answer and Explanation:
The computation of the equivalent units of production for both materials and conversion costs is given below:
For material
= Units completed + ending work in process × completion percentage
= 7,700 + 2,100 × 0.75
= 9,275 units
And, for conversion cost
= Units completed + ending work in process × completion percentage
= 7,700 + 2,100 × 0.25
= 8,225 units
Answer:
$97,000
Explanation:
Data provided in the question:
Receivable amount = 100,000 Canadian dollar
Premium per unit = $0.02
Exercise price of put option = $0.94
Spot rate at maturity = $0.99
Now,
Dollars received from selling Canadian dollars in the spot market
= Receivables amount × Spot rate
= $100,000 × $0.99
= $99,000
Premium paid for options = Receivable amount × Premium per unit
= $100,000 × $0.02
= $2000
Therefore,
The net amount received by the corporation if it acts rationally
= Dollars received from selling Canadian dollars - Premium paid
= $99,000 - $2000
= $97,000
Answer:
$293,000
Explanation:
The computation of the product cost is shown below:
= Direct material + direct labor + factory supplies + factory depreciation + indirect labor
= $126,000 + $99,000 + $9,000 + $33,000 + $26,000
= $293,000
The factory supplies + factory depreciation + indirect labor = manufacturing overhead
All other cost are not relevant for the computation part. Hence, ignored it
