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Oksana_A [137]
3 years ago
10

Lehman Corp. has two departments: Assembly and Testing. Assembly department had beginning inventory of 750 units which were 50%

complete. During the year, 1,200 units were completed and transferred to the Testing department. Ending inventory is comprised of 800 units which were 75% complete. Compute the equivalent units of work done for conversion costs during the year for Lehman Corp. assuming it follows the FIFO process-costing method. Assume direct materials were added at the beginning of the process.
Business
1 answer:
algol133 years ago
5 0

Answer:

Total equivalent unit     1,425 units

Explanation:

<em>Under the first-in -first out system, to account for the units completed in a period, it is assumed that the opening inventory units are first completed and the balance represents the newly introduced.</em>

<em>Fully worked represents unit of inventory started this this period and completed this period</em>

Fully worked = completed units - opening inventory

Fully worked = 1200 -750 = 450 units

Item                        Units                                     Equivalent Units

Opening WIP         750     750×50%                     375

Fully worked          450      450× 100%                   450

Closing WIP           800       800× 75%                 <u> 600</u>

Total equivalent unit                                              <u>1,425</u>

Note the opening inventory has 50% work done last period so the balance of 50% i.e (100 - 50)  is completed this period

     

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You are considering the purchase of a certain stock. You expect to own the stock for the next four years. The current market pri
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Answer:

The answer is: The expected rate of return from this investment is 26.68%

Explanation:

We are given the following cash flows for this operation:

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Using an excel spreadsheet and the IRR function:

=IRR(value 1: value 5) =26.68%  

where

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7 0
3 years ago
By lowering production costs, _____ help domestic producers compete against foreign imports
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The policy that lowers production costs and helps domestic producers to compete with imports are <u>D. subsidies. </u>

<h3 /><h3>What are subsidies?</h3>

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1. top-down

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3 years ago
Common stock​ value: Constant growth The common stock of Barr Labs​ Inc., trades for ​$120 per share. Investors expect the compa
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Answer:

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Now putting values we have

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5 0
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