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guajiro [1.7K]
3 years ago
8

Nelson Industries makes widgets using a two-step process that involves machining first and assembly second. In the Machining Dep

artment, all materials are issued at the beginning of the process and conversion costs are incurred uniformly throughout the process. During the period, the Machining Department transferred out 8,600 widgets and had an ending inventory of 4,000 widgets that were 85% complete. Beginning inventory consisted of 6,000 units that were 35% complete. What are the equivalent units of production for materials in the Machining Department
Business
1 answer:
alexira [117]3 years ago
4 0

Answer:

12,600

Explanation:

Concept of Equivalent units of production measures the number of units in terms of percentage completion in input elements of the process.

<u>The equivalent units of production for materials</u>

Note : all materials are issued at the beginning of the process, therefore materials are 100% complete in both Widgets transferred out and Ending widgets.

Calculation :

transferred out (8,600 × 100%)     = 8,600

ending inventory  (4,000 × 100%) = 4,000

total                                                 = 12,600

Therefore,  the equivalent units of production for materials in the Machining Department is 12,600.

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The ALG Manufacturing Company has gathered the following information for the month of September:• 6,000 units in the beginning W
mars1129 [50]

Answer:

C. 66,000

Explanation:

Ending Work in Process (WIP) = Beginning Work in Process + Units Started into Production - Units Completed and Transferred

Ending WIP = 6,000 * 100% + 60,000 - 50,000 = 16,000

Equivalent Units of Production (EUP) = Units Completed + Units Ending WIP x % of conversion

EUP = 50,000 + 16,000 * 100 = 66,000

4 0
3 years ago
a bookstore sells 617 books on monday, 498 books on tuesday, and 563 books on wednesday. on which two days did the bookstore sel
OLga [1]

The two days on which the bookstore sells about 600 books are Monday(617) and Wednesday(563).

As of Monday, the sales of the bookstore were only 617, on Tuesday it was 498 and on Wednesday it was 563. As we arrange the data in ascending order as 498<563<617. We come to the conclusion that around 600 there are only two data which are 563 and 617. So, on Monday and Wednesday, the bookstore sells about 600 books.

Learn more:

<u><em>brainly.com/question/13444388</em></u>

6 0
1 year ago
Symon's Suppers Co. has announced that it will pay a dividend of $4.23 per share one year from today. Additionally, the company
sweet-ann [11.9K]

Answer:

$68.23

Explanation:

In this question, we apply the dividend growth rate model which is shown below:

The computation of the current share price is shown below:

= (Current year dividend) ÷ (Rate of return on company stock - growth rate)

= ($4.23) ÷ (10.6% - 4.4%)

= ($4.23) ÷ (6.2%)

= $68.23

We simply find out the ratio between the current year dividend per share and difference between the rate of return and the growth rate

6 0
3 years ago
According to liquidity preference theory, if the quantity of money demanded is greater than the quantity supplied, then the inte
melisa1 [442]

Answer:

The correct answer is option A.

Explanation:

Liquidity preference theory was given by J.M Keynes. He states that money is demanded by people because it holds certain liquidity.

There are various motives involved for which people prefer liquidity. These motive are precautionary, transactionary and speculative motives respectively.

When the demand for money is more than supply, it means there is excessive demand. This excess demand will lead to increase in the interest level. At higher interest, the quantity of money demanded will fall.

4 0
3 years ago
When president obama was elected, the u.S. Economy had slid into a recession. Consumer spending was low and getting worse. In an
Lesechka [4]

Answer: Keynesian Economic Theory

Explanation: The policy adopted by the President was to cut back taxes and increase government spending on road, bridges and schools. This policy of the government is called the expansionary fiscal policy which is used to combat an economy suffering from recession. The Keynesian theory also supports the argument that when an economy is suffering from recession, economic output is influenced by aggregate demand. Thus, the government and use its fiscal policy tools to bring the economy out of recession. It also supports that the Fed can also use its monetary policy to bring the economy out of recession. But since here taxes and government spending are uses, we can say that Obama was a proponent of <em>Keynesian Economic theory</em>.

8 0
3 years ago
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