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3 years ago

Ibarra Corporation uses the FIFO method in its process costing system.

Business

1 answer:

Advocard [28]3 years ago

7 0

Answer:

$5.70

Explanation:

The calculation of conversion costs for the month is given below:-

Units started to completed during the period = Units completed during the month - Units started during the month

= $104,000 - $16,400

= $87,600

So, to complete the started work in progress :-

The Conversion = $16,400 × (100% - 20%)

= $13,120

Units started to completed during the period $87,600

And, the ending work in progress

For Conversion = $13,400 × 30%

= $4,020

Therefore, the Equivalent production of units is

= $87,600 + $13,120 + $4,020

= $104,740

So, The cost of per per equivalent unit is

= Cost added during the period ÷ Equivalent units of production

= $597,123 ÷ $104,740

= $5.70

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Management is considering using a new component that would increase the unit variable cost by $50. Since the new component would

katrin [286]

Answer:

Because fixed costs will not change, the overall effect on the company's monthly net operating income will be equal to the contribution margin of the product once the new component is added.

Explanation:

The contribution margin is equal to: Revenue - Variable Costs.

We already know that the variable cost will be increased by $50 once new component is added, and that monthly sales are expected to increase by 500 units after that.

Depending on the price of the product, the amount sold, and the variable costs, we get the contribution margin, and this contribution margin will be exactly the same as the overall effect on the net operating income.

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3 years ago

Which of the following transfers are available in getting money from individual savers to a business firm?

lbvjy [14]

Answer: d. All of the choices are correct.

Explanation:

The funds that are provided by individual savers to firms for expansion are a very integral part of the financial system as they allow for companies to expand thus increase the Economy's productivity.

Some ways they can get their funds to business firms include;

Direct transfers of money when the company offers its stocks or bonds to directly individual savers who will then buy it from them with the money paid going towards the welfare of the business.
Indirect transfers through an investment banking firm who act as intermediaries in stock and bond issues. Individual savers will communicate with the investment banks and then buy the stock and bonds from them.
Indirect transfers through a financial intermediary can occur when savers pull their funds together in an institution such as a bank or mutual fund that will then invest in businesses for them.

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3 years ago

Assume the following: The variable portion of the predetermined overhead rate is $3.00 per direct labor-hour. The standard labor

Artemon [7]

Answer:

Variable overhead efficiency variance= $3,000 favorable

Explanation:

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 3*15,000= 45,000 hours

Actual quantity= 44,000 hours

Standard rate= $3 per hour

Variable overhead efficiency variance= (45,000 - 44,000)*3

Variable overhead efficiency variance= $3,000 favorable

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3 years ago

When Jack was hired in 2011 at Ford Motor Company, he was offered $14 an hour. His best friend Sam started at the same plant doi

TiliK225 [7]

Answer:

This is an example of pay rise!

I hope this helps you!

8 0

4 years ago

g According to your regression output, what is the estimated difference in Bonus between an employee with a Sales-to-goal ratio

Sunny_sXe [5.5K]

Answer:

1.2

Explanation:

Subtract the sales to goal ratio°

=0.0

From the sales to goal ratio=1.20

=1.20-0.0= 1.2

8 0

3 years ago