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chubhunter [2.5K]
3 years ago
14

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

first processing department consisted of 1,100 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,400 65% Conversion costs $ 7,500 45% A total of 7,900 units were started and 6,600 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 $ 126,200 Conversion costs $ 207,700 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first department for the month is closest to: Multiple Choice $24.83 $29.76 $26.96 $28.92
Business
1 answer:
never [62]3 years ago
4 0

Answer:

d. $28.92

Explanation:

Ending inventory units = 1,100 + 7,900 - 6,600

Ending inventory units = 2,400

Equivalent unit for conversion costs = 6,600 + (2,400*35%)

Equivalent unit for conversion costs = 6,600 + 840

Equivalent unit for conversion costs = 7,440

Cost per equivalent unit for conversion costs = ($7,500 + $207,700) / 7,440

Cost per equivalent unit for conversion costs = $215,200 / 7,440

Cost per equivalent unit for conversion costs = $28.92473

Cost per equivalent unit for conversion costs = $28.92.

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Kaplan Manufacturing Corporation purchased 2,500 shares of its own previously issued $10 par common stock for $57,500. As a resu
Hitman42 [59]

Answer:

b. Kaplan's total stockholders' equity decreased $57,500

Explanation:

The purchase of treasury stock is as follows:

Treasury Stock debit 57,500 (-Equity)

              cash             credit   57,500 (-Assets)

The company's equity decreased as well as the Assets.

The common stock and paid-in Capital in Excess of Par Value will not be modified.

This account will be decreased if the stocks are retired not at purchase

7 0
3 years ago
Context content and culture are
Black_prince [1.1K]

Complete Question:

Context, content and culture are:

O Important ethical concepts

O Important marketing concepts

O Corporate ethics policy

O Three dimensions of evaluating corporate gifts.

Answer:

Context, content and culture are:

O Three dimensions of evaluating corporate gifts.

Explanation:

Corporate gifts may turn out to be regarded as bribery if they are meant to induce the other party to alter their behaviors.  This is why in evaluating corporate gifts, the criteria have always included the context (the circumstances in which the gifts are given), the content (how much is given), and the culture (the accepted general practice in a particular industry, locality, or region).  Generally, corporate gifts are given either as means of showing appreciation, creating positive first impression, or returning some favors.

8 0
3 years ago
The settlement option that provides for ongoing payments for a period of time is called
Aneli [31]

The settlement option that provides for ongoing payments for a period of time is called annuity. The annuity is a type of insurance contract in which they provide an individual an annual income for a long period of time such as an example of this is a pension.

7 0
3 years ago
Billy is interested in lowering the speed limit on a major road near his house. A citizens’ group has formed to lobby the city c
Nezavi [6.7K]

Answer:

The correct answer is a. behaving like a free rider

Explanation:

The free-rider problem is an economic problem that arises when an individual (stowaway) tries to receive a benefit from using a good or service but avoids paying for it. It is also known by its name in English, problem of the free rider.

The government tries to address the problems of stowaways through fiscal rules and regulations, especially to prevent the impact on the environment and excessive use of resources. Therefore, stowaways are also known as parasitic consumers, because on many occasions they consume goods and services financed by others, of which they paid nothing.

Examples of the free-rider problem

When there are public goods, such as parks, armed forces, public lighting or police, stowaways take advantage of the fact that it is not possible to exclude them from consumption and refuse to pay for them. This creates a problem of provision since although many consumers value the services they provide, there will be those who use them but do not contribute to their financing.

7 0
3 years ago
One strength of the team leadership model is ______. a. its complexity b. its application to real-life organizations c. changes
nadezda [96]

Answer:

B. its application to real-life organizations

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The answer to this is most likely B because the strength of the team leadership model is application to real-life organizations.

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