Answer:
The materials equivalent units is 37,700
Conversion costs equivalent units is 32,480
Explanation:
The equivalent units of production for materials can be computed thus:
Description quantity % of completion Equivalent units
Completed units 29000 100 29000
(37700-8700)
Ending inventory 8700 100 <u> 8700</u>
total equivalent units for materials 37700
The equivalent units of production for conversion costs can be computed thus:
Description quantity % of completion Equivalent units
Completed units 29000 100 29000
(37700-8700)
Ending inventory 8700 40 <u> 3480
</u>
total equivalent units for conversion costs 32480
I applied 100% percentage of completion to ending inventory when determining materials equivalent units and 40% percentage completion when determining equivalent units for conversion cots as it given in the question
Answer:
Explanation:
So, the hypothesis is:
H0 : p = .48 versus Ha : p≠ .48
check the picture attached for more explanation
The first one is specific because it tells what kind of traveling they want to check that their friends have done
Answer:
The credit entry for the issue of 5000 shares is:
Cr Treasury stock $100,000
Cr Paid-in capital from treasury stock $35,000
Explanation:
The par value of the common stock issue($20 per share) is credited to treasury stock account, while the excess of issue price of $27 over the par value of $20, $7 per share is credited to paid-in capital from treasury stock
The full double entries for the issue of 5000 shares is as follows:
Dr Cash ($27*5000) $135,000.00
Cr Treasury stock($20*5000) $100,000
Cr Paid-in capital from treasury stock($7*5000) $35,000
Under International Financial Reporting Standards, the credit entries would be that par value is credited to equity share capital and the excess credited to share premium account.
