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Neporo4naja [7]
4 years ago
9

Kansas Company uses the weighted-average method in its process costing system. Operating data for the first processing departmen

t for the month of June appear below: UnitsPercent Complete with Respect to Conversion Beginning work-in-process inventory 13,800 50% Started into production during June 105,000 Ending work-in-process inventory 26,600 80% According to the company's records, the conversion cost in beginning work-in-process inventory was $58,115 at the beginning of June. Additional conversion costs of $833,583 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month]
Business
1 answer:
photoshop1234 [79]4 years ago
7 0

Answer:

$5.439

Explanation:

The computation the cost per equivalent unit for conversion costs is shown below:-

Units transferred = Beginning + Started into production - Ending inventory

= $13,800 + $105,000 + $26,600

= $145,400

Ending Inventory = 26,600 × 80%

= $21,280

Conversion equivalent units = Units transferred + Ending Inventory

= $145,400 + $21,280

= $166,680

Beginning work-in-process inventory = $58,115

Additional conversion costs = $833,583

Total cost = Beginning work-in-process inventory + Additional conversion costs

= $58,115 + $833,583

= $891,698

Conversion per equivalent unit = Total cost ÷ Conversion equivalent units

=  $891,698 ÷ $166,680

= $5.439

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Federally chartered banks and credit unions are run like businesses that make a profit.
Licemer1 [7]

Answer:

False.

Explanation:

A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

Hence, federally chartered banks and credit unions are not run like businesses that are a profit i.e they are a non-profit business.

4 0
3 years ago
Supple SkinCare Inc. is spending significant money educating customers on the value of its mineral-based skincare line as it mov
GuDViN [60]

Answer:

D)pioneering costs

Explanation:

From the question, we are informed about Supple SkinCare Inc. who is spending significant money educating customers on the value of its mineral-based skincare line as it moves into several new international markets. In this case, the money to educate customers is a form of pioneering costs.

Pioneering costs can be regarded as those expenses that is spent by a firm inorder to familiarize with the rule of game in a situation whereby the foreign business system the firm found herself is quit difference from home market. This cost could come in term of of devoting time and spending significant money to educate customers about their products and so on.

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3 years ago
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xenn [34]

Answer:

Explanation:

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Lena [83]
The answer is "true" hopefully this helped
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