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
nata0808 [166]
2 years ago
10

Equivalent Units of Conversion Costs The Rolling Department of Oak Ridge Steel Company had 10,712 tons in beginning work in proc

ess inventory (70% complete) on July 1. During July, 82,400 tons were completed. The ending work in process inventory on July 31 was 7,416 tons (60% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit. 83,636 units
Business
1 answer:
insens350 [35]2 years ago
3 0

Answer:

Total equivalent unit          86,688

Explanation:

We will use the weighted average method of valuation.

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked. </em>

Equivalent units = Degree of completion (%) × Number of units

Item                       Tons                Working                  Equivalent units

Completed unit    82,400               82,400× 100%            82,400

Closing inventory  7,416               7,416  × 60%              <u> 7,416  </u>      

Total equivalent unit                                                         86,687.6

                         

You might be interested in
Mariano Manufacturing can issue a 25-year, 8.8% annual payment bond at par. Its investment bankers also stated that the company
aivan3 [116]

Answer: 10.13%

Explanation:

The after-tax return on the preferred shares would be:

= After-tax return + Premium required

= (8.8% * (1 - 25%)) + 1%

= 7.6%

For the preferred stock to be issued at par with the above after tax return:

= After tax return / ( 1 - tax)

= 7.6% ( 1 - 25%)

= 10.13%

4 0
2 years ago
I need help solving this. Thanks
DedPeter [7]

...........................................................

...............................................

..............................

................

........

....

..

.

.........................................................

.............................................

......................

........

.....

..

.

3 0
3 years ago
Which of the following statements reflects the nature of the global economy of the twenty-first century? question 6 options: a n
OlgaM077 [116]
The global economy of the 21st century can be summarized as: <span>an economic system that is more favorable for international business. Trade and imports are at an all time high, especially into the United States from places like China, Japan, and Hong Kong.</span>
4 0
2 years ago
SparklingLeaves is one of the major suppliers of automobile tools to StanMotors, a leading automobile company. Many of the tools
algol [13]

Answer:

D) credible commitment

Explanation:

This is basically an exclusive supplier agreement since Sparkling Leaves and Stan Motors signed a contract that lasts 15 year, and it states that Sparkling Leaves will provide automobile tools only to Stan Motors and Stan Motors will only purchase the tools they need from Sparkling Leaves.  

Such a contract needs a serious and credible commitment between both parties, since it lasts several years and it binds both companies to work together exclusively for that period.

5 0
3 years ago
A borrower made a mortgage loan 7 years ago for $160,000 at 10.25% interest for 30 years. The loan balance is now $151,806.62 an
Alja [10]

Answer:

9.39%

Explanation:

Base on the scenario been described in the question, the effective cost of refinancing is 9.39%

7 0
3 years ago
Other questions:
  • Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
    8·1 answer
  • Workers of Steel Company go on strike. During the strike, it is legal for the strikers to
    6·1 answer
  • What is the name of the monopolist having a declining long-run average cost throughout the market?
    11·1 answer
  • Why might you complete a 1040 form instead of a 1040 EZ tax<br> form?
    15·2 answers
  • In a market economy, what is the central coordinating mechanism
    13·2 answers
  • Which of these are careers in the travel and Tourism pathway?check all that apply.
    15·1 answer
  • Greta, an elderly investor, has a degree of risk aversion of a = 3 when applied to return on wealth over a one-year horizon. She
    15·1 answer
  • The following information was used in reconciling the bank account for Minerva Company on October 31: Balance per bank, October
    9·1 answer
  • In a sweezy oligopoly, the profit-maximizing level of output occurs where:_____.
    12·1 answer
  • In a partnership, partners may not compete against their own partnership unless:A. they do not monetarily benefit from their com
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!