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dezoksy [38]
3 years ago
9

Mannarelli Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the mon

th of September appear below: According to the company's records, the conversion cost in beginning work in process inventory was $15,660 at the beginning of September. Additional conversion costs of $526,524 were incurred in the department during the month. The cost per equivalent unit for conversion costs for September is closest to: (Round off to three decimal places.)
Business
1 answer:
Serjik [45]3 years ago
7 0

Answer:

$ 5.34

Explanation:

Calculation for cost per equivalent unit for conversion costs for September

First step is to find the Equivalent units of production

To complete beginning work-in-process:

Conversion 12,000

[15,000 units × (100%-20% )]

Units started and completed 65,000

(89,000-24,000)

Ending work-in-process

Conversion 21,600

(24,000 units × 90%)

Equivalent units of production 98,600

Second step is to calculate the Cost per equivalent unit using this formula

Cost per equivalent unit =Cost added during the period ÷Equivalent units of production

Let plug in the formula

Cost per equivalent unit = $526,524÷98,600

Cost per equivalent unit = $5.34

Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34

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A tip of 20% towards $86.32 is $17.26

does this help?

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2 years ago
Beatrice Markets is expecting a period of intense growth and has decided to retain more of its earnings to help finance that gro
VLD [36.1K]

Answer: $16.69

Explanation:

Using the Dividend growth model, the value is:

= [Dividend 1/ (1 + required return)] + [Dividend 2/ (1 + required return)²] + [Terminal value / (1 + required return)²]

Terminal value = Dividend after 2 years / (required return - growth)

= 2.50/ (14.5% + 0%)

= $17.24

Dividend 1 = 3.60 * ( 1 -30%)                                Dividend 2 = 2.52 * ( 1 -30%)

= $2.52                                                                                     = $1.76

Market value = (2.52 / 1.145) + (1.76 / 1.145²) + (17.24/1.145²)

= $16.69

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3 years ago
Gasoline is made fron oil. If oil is hard to get, what will Most Likely happen?
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Gasoline prices will rise extensively.

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3 years ago
Read 2 more answers
1) Conduct a 5 forces analysis of the brewery industry and explain why it’s a good or bad industry? 2) Why are true (not owned b
bixtya [17]

Full Question:

1) Conduct a 5 forces analysis of the brewery industry and explain why it’s a good or bad industry

2) Why has the beer industry been historically profitable? How are profits allocated among the “mega breweries?

3) How do you control supplier costs?

Answers:

1 Five Forces Analysis:

  1. Rivalry: Other Craft Breweries and “Better Beer” suppliers that may be able to create economies of scale and have better marketing efforts.
  2. Threat of Entry: Growing industry, home breweries are becoming more popular, this is usually the beginning of a larger brewery. Demand for the uniqueness provides the need for   supplies  from   other   breweries.  Barriers  to   entry  consist   of   government  laws  and regulations, supply availability, and customer loyalty.
  3. Bargaining Power of Suppliers: Limited supply, especially with specialized hops for the craft beers, prices can be increased.
  4. Bargaining Power of Buyers: Buyers may have price sensitivity. Many craft breweries are subject to limited distribution channels, making it harder to create a following as they’re not available in chain stores.
  5. Substitutes: Non-craft beer, wine, malt beverages. For people who don’t want to pay the“better beer” price, and people who don’t like the taste of largely produced beer.

2. The U.S. Beer market is one of the most complex industries. It has two product-segments: Lager and Ale, with lager being the overwhelmingly dominant segment. Historically,   the   industry   has   been   profitable  with more Profits   being allocated   among   the  mega breweries.

3. Controlling Supplier Costs:

Given the bargaining power of suppliers, the only to control them given their limited availability is through moral suasion or via legislative means limiting their powers.

Another way would be to get government to subsidise their cost of operations.

4. The effect of the general environment (such as demographic, socio-cultural etc)  on the brewery industry:

Economic factors affect the industry in determining price point and demand; Craft beer is more popular in already developed countries as those consumers can afford the higher price. Cultural factors are also a component; some cultures drink more beer as cultural experiences/ normality’s, while others are just beginning to develop a taste for the beverage. The climate in different places can also impact the type of beer consumed, warm weather lending to light beer, and tastes changing with every season, opening markets to a wider range of brews. Lastly, the industry is subject to political factors such as laws   and regulations about the  quantity, distribution, and packaging of  craft beers.

5. The importance of the craft brewery alliance is :

Craft   breweries   are   having   larger   growth   rates,   mega   breweries  are   growing   in   developing countries. Mega breweries still  have the largest profits,  but crafts are within  the top 10 for production volume. Craft breweries has high revenue due to higher price points.

Cheers!

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