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
Ede4ka [16]
3 years ago
10

Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f

irst processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 15,700 75% Conversion costs $ 7,700 20% A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 186,300 Conversion costs $ 329,800 The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to:
Business
1 answer:
Alina [70]3 years ago
8 0

Answer:

$21.44

Explanation:

Calculation for the cost per equivalent unit for materials for the month in the first processing department

First step

Units completed and transferred out $7,500

Ending inventory($800+$8,400-$7,500)*70% Ending inventory =1,700*70%

Ending inventory =$1,190

Equivalent units for Materials $8,690

($7,500+$1,190)

Total materials costs $186,300

Second step

Cost per equivalent unit for materials=Total materials costs÷ Equivalent units for Materials

Cost per Equivalent unit for Materials $186,300÷$8,690

Cost per Equivalent unit for Materials=$21.44

Therefore the cost per equivalent unit for materials for the month in the first processing department is closest to $21.44

You might be interested in
The government might enact a price ceiling in order to accomplish what
uysha [10]
A limit of spending of the government, 
5 0
3 years ago
Read 2 more answers
which of the following should be avoided when solving a problem? A) Assessing B)Compromising C) Procrastinating D) Projecting
nexus9112 [7]
Procrastinating and that’s the answer
7 0
3 years ago
On April 1, 2021, Austere Corporation issued $330,000 of 11% bonds at 106. Each $1,000 bond was sold with 30 detachable stock wa
blondinia [14]

Answer:

Austere Corporation

The amount of the proceeds from the bond that should be recorded as an increase in liabilities is:

= $320,100.

Explanation:

a) Data and Calculations:

The bonds issued = $330,000 at 106

Number of $1,000 bonds issued = 330 ($330,000/$1,000)

Market value of each warrant = $3

Proceeds from issue of bond = $330,000*106% = $349,800

Fair value of warrant issued = 330*30*$3 = $29,700

The bond issue liability = $349,800 - $29,700 = $320,100

7 0
3 years ago
You own a pet-supply store with various category pages on your website, and you've set up a tracking template so you can manage
Licemer1 [7]
Dog Snacks.
You have to use something unique and different from other pages and other keywords you have. As well as you can still Identify it as a treat!
4 0
3 years ago
You are going to a dinner whith three (3) friends, one who likes steak, another wine, and the third is a vegetarian (which is as
DENIUS [597]

Answer:

the answer is option D)<u>Equal sharing of the bill ensures that people order a similar dollar amount of food</u>

Explanation:

The theory of consumer behavior states that "consumers allocate incomes among different goods and services to maximize their utility"

Consumer behavior revolves around three parameters their preferences, budget constraints, and options available.

The budget constraint will definitely influence the choice of what to buy within the options available to maximize utility. That means how the bill is shared among the three friends will ultimately affect how much they will chose to eat.

Secondly, The vegetarian will not be better off with equal sharing of the bill because the cost of his food according to the data provided is less.

We don not know for sure if the wine drinker drinks too much or whether he will want his other friends to foot the extra bill from the cost of his wine but we are certain that equal sharing of the bill ensures that people order a similar dollar amount of food.

3 0
3 years ago
Other questions:
  • What does it mean for a company to have a competitive advantage
    15·1 answer
  • Work should be performed by an individual if ________.A) the work is complex and requires different perspectivesB) the work crea
    13·1 answer
  • The system that sorts packages in the FedEx Super Hub is called _________________________.
    6·2 answers
  • Tom Klem is the controller of Watson Manufacturing, Inc. He estimates that the company’s breakeven point in sales dollars is $2
    5·1 answer
  • List A List B 1. Interest a. First cash flow occurs one period after agreement begins 2. Monetary asset b. The rate at which mon
    7·1 answer
  • Sweet Sue Foods has bonds outstanding with a coupon rate of 5.50 percent paid semiannually and sell for $1,917.12. The bonds hav
    7·1 answer
  • Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of
    9·1 answer
  • Without doing any calculations, determine the missing number that will make the value of Expression B half the value of Expressi
    15·1 answer
  • In economic terms, the long-run monetary benefits of doing business in a country are based on the size of the market, the presen
    5·1 answer
  • An honest effort to meet both the spirit and letter of the contract is termed Group of answer choices reasonable circumstances.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!