Answer:
The cost of completing a unit during the current period was?
$35.95 per unit
Explanation:
COST FROM BEGINNING INVENTORY 500 units:
direct materials $2,500, 100% complete
Conversion cost $6,200, 60% complete
COST FROM CURRENT PERIOD 4,500 units started and completed, 340 units left in ending inventory:
- 30% complete to conversion cost
- 100% complete to direct materials
current period costs:
- direct materials $22,252
- conversion costs $150,536
equivalent units of production:
- direct materials = 4,500 + 340 = 4,840
- conversion costs = 4,500 + (500 x 40%) + (340 x 30%) = 4,802
cost per equivalent unit:
- $22,252 / 4,840 = $4.60 per unit
- $150,536 / 4,802 = $31.35 per unit
- total = $4.60 + $31.35 = $35.95 per unit
Answer: Contractual
Explanation: contractual obligations involves a legal agreement between two or more parties. It refers to a voluntary, deliberate, and legally binding agreement between parties ( two or more people). A breach of contract by either of the party involved means the other party can sue or sued as the case may be.
In this scenario, Treasury Secretary Geithner had knowledge of the AIG bonuses but failed to stop them because they were contractual obligations between a private company and its employees. In other means Treasury Secretary Geithner can’t stop the AIG bonuses because of the contractual agreement that exist between the parties involved.
Answer:
a)
These controlling processes are inappropriate or not enough as the administration accompanying the fraud might supersede the complete control method to bypass the particular pair.
b)
In traditional state of affairs, management might obligate fraud to setting higher revenue and thus attaining high value.
An administration fraud can't be known simply by an ordinary man because it includes distinctive appreciative of financials. Thus one will use the assistance of consultants for investigative having an uncertainty thereon. So the audit group might be effective in preventing this kind of deception as they're predictable to operate as a regulator against administration fraud by observation money news declarations and control processes of a company. A perfect audit group would include the external or internal auditors which might assure for the credibility of the knowledge bestowed to the group.
Answer:
c. modified internal rate of return
Explanation:
Modified internal rate of return ( MIRR ) -
The modified internal rate of return is used in order to rank the projects or the investment that are of unequal size.
The assumption involved is that the positive flow of cash are again invested to the firm and the initial outlays are financed during the firm's financing cost , is referred to as the MIRR.
MIRR is very accurate in comparison to the traditional internal rate of return (IRR) and gives the profit and cost of the project with more accuracy.
Hence , from the given information of the question,
The correct option is c. modified internal rate of return .
Answer:
Piper Rose Boutique should accept the special order made by the college
Explanation:
Price per unit the college is willing to pay = $6
Total variable cost per unit to be incurred by Piper Rose Boutique = Direct materials + Direct labor + Variable factory overhead = $2.00 + $0.50 + $1.50 = $4,00
Since the price per unit of $6 that the college is willing to pay is greater than the total variable cost per unit of $4 to be incurred by Piper Rose Boutique, Piper Rose Boutique should accept the special order made by the college.
Note: the Fixed factory overhead is not relevant in taking the decision. Only the variable costs are relevant.