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Lubov Fominskaja [6]
3 years ago
15

Lap Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a par

ticular department consisted of 80,000 units, 100% complete with respect to materials and 25% complete with respect to conversion costs. The total dollar value of this inventory was $226,000. During the month, 150,000 units were transferred out of the department. The costs per equivalent unit for the month were $2.00 for materials and $3.50 for conversion costs. The cost of the units completed and transferred out of the department was: Multiple Choice $765,000 $825,000 $821,000 $681,000
Business
1 answer:
SpyIntel [72]3 years ago
7 0

Answer:

The cost of the units completed and transferred out of the department was $825,000.

Explanation:

The costs per equivalent unit for the month were $2.00 for materials and $3.50 for conversion costs.

= 150,000 units × ($2.00 + $3.50) = $825,000.

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How do the choices consumers make impact business decisions?
ki77a [65]

Answer:  B

Explanation: Businesses are run by consumers, so the choices those consumers make will find their way into business decisions. b. Businesses can track the trends of what consumers are and are not buying, and will attempt to cater to the desires of those who provide them with profits.

3 0
3 years ago
Read 2 more answers
Terrell Trucking Company is in the process of setting its target capital structure. The CFO believes that the optimal debt-to-ca
Semenov [28]

Answer:

a. Terrell's Optimal Capital Structure is 40:60. It means to obtain optimal capital structure in-order to increase value of firm, Terrell should finance 40% of its Assets through Debt and remaining through Common Equity.

b. The optimal Capital Structure is the point where company's WACC is minimized. So, 40:60 is the ratio where Terrell's WACC will be minimized.

Explanation:

The goal of Management is to increase Shareholders' wealth and not to generate profits because wealth is something that is for long-run whereas Profits are temporary. Management would accept projects having negative NPV if its goal is to maximize Profit.

Maximizing Shareholders' wealth means to increase the Share Price whereas Generating a higher EPS is Profit Maximization Strategy. So, you should look for that Capital Structure Point where the Company's Stock Price is Highest.

Thanks!

4 0
2 years ago
The production plant for Ace Manufacturing has been located in the same place for over 100 years. It has just completed its new
Reptile [31]

Answer:

True

Explanation:

A single use plan is basically a one time business transaction that is supposed to take place only once and should not be repeated in the future.  In this case, the production plant has been used for more than 100 years, but once it is sold, its history and the company should no longer have any type of relationship with it.

7 0
3 years ago
____ reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
Studentka2010 [4]

Answer:

Active.

Explanation:

Active reading can be defined as a process which typically involves an individual being focused on his or her study. It is aimed at acquiring knowledge and understanding of a particular subject or topic without distractions.

Hence, active reading will increase your focus and concentration, help you understand the reading, and prepare you to study.

5 0
3 years ago
Carney Company manufactures cappuccino makers. For the first eight months of 2019, the company reported the following operating
cupoosta [38]

Answer:

Total  effect on income= $190,000

Explanation:

Giving the following information:

Sales (500,000 units) $90,000,000

Cost of goods sold 54,000,000

Gross profit 36,000,000

Operating expenses 24,000,000

Net income $12,000,000

An analysis of costs and expenses reveals that the variable cost of goods sold is $95 per unit and variable operating expenses are $35 per unit. In September, Carney Company receives a special order for 40,000 machines at $135 each from a major coffee shop franchise. Acceptance of the order would result in $10,000 of shipping costs but no increase in fixed expenses

Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.

Total unitary cost= 95 + 35 + (10,000/40,000)= 130.25

Contribution margin= 135 - 130.25= 4.75

Total  effect on income= 4.75*40,000= $190,000

7 0
2 years ago
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