1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rusak2 [61]
3 years ago
6

A production department’s beginning inventory cost includes $478,000 of conversion costs. This department incurs an additional $

1,047,500 in conversion costs in the month of March. Equivalent units of production for conversion total 770,000 for March.Required:Calculate the cost per equivalent unit of conversion using the weighted-average method.
Business
1 answer:
sattari [20]3 years ago
8 0

Answer: $1.98

Explanation:

Equivalent Units of Production are used when the manufacturers have not completely finished their products for the year. This helps them express it in terms of fully manufactured units.

Using the weighted average method, the cost per equivalent unit is;

= \frac{Beginning inventory cost + Cost of current production}{Equivalent units of production}

= \frac{478,000 + 1,047,500}{770,000}

= $1.98

You might be interested in
Splish Brothers Inc. reported a net loss of $14400 for the year ended December 31, 2022. During the year, accounts receivable de
svetlana [45]
The answer is C
Provided net cash 24 k
4 0
3 years ago
A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the mean mileage is 47,900 with
maria [59]

Answer:

51,487.5

Explanation:

Calculation to determine the minimum guaranteed mileage should the manufacturer announce

Sinces no more than 4% of the tires will have to be replaced First step will be to determine the InvNorm(.96) using normal distribution table

InvNorm(100%-4%)

InvNorm(.96) = 1.75

Now let determine the minimum guaranteed mileage

Let x represent the Minimum guaranteed mileage

(2050*1.75)+47,900=x

x=3,587.5+47,900

x = 51,487.5

Therefore the minimum guaranteed mileage that the manufacturer should announce is 51,487

6 0
3 years ago
Using the internal rate of return method, a conventional investment project should be accepted if the internal rate of return is
BlackZzzverrR [31]

Using the internal rate of return method, a conventional investment project should be accepted if the internal rate of return is equal to or greater than the discount rate.

investment  is dedicating an asset to achieve an increase in value over a period of time. Making an investment requires sacrificing your current assets such as time, money, and effort. In finance, the purpose of investment is to generate profit from the assets invested.

The definition an investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.

Learn more about investment here: brainly.com/question/25895372

#SPJ4

3 0
1 year ago
The controller of Crane Industries has collected the following monthly expense data for use in analyzing the cost behavior of ma
Anna [14]

Answer:

Variable cost per unit= $6.6 per unit

Explanation:

Giving the following information:

January: $2,880 330

February: $3,180 380

March: $3,780 530

April: $4,680 660

May: $3,380 530

June: $5,520 730

To calculate the unitary variable cost, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,520 - 2,880) / (730 - 330)= $6.6 per unit

4 0
3 years ago
Which of the following government
tankabanditka [31]
C. bonds

Hope this helps
5 0
2 years ago
Other questions:
  • If I currently sell 10,000 units, and my use of Formula 1 indicates that I will need to sell 500 additional units to justify my
    7·1 answer
  • Premium Watches, Inc. produces and sells children’s smart watches. The company started the year 2019 with 1,500 watches and prod
    10·1 answer
  • FILL IN THE BLANK
    9·1 answer
  • The product-variety externality is associated with the A. consumer surplus that is generated from the introduction of a new prod
    10·1 answer
  • Two ways for a company to guarantee quality of a product are quality control and quality ___________.
    6·1 answer
  • Which of the following statements is false regarding the risk assessment component of internal control? a. Risk assessment inclu
    9·1 answer
  • __________is the ability to increase or decrease resources for any given workload. You can add additional resources to service a
    13·2 answers
  • esterday, Berryman Investments was selling for $50 per share. Today, the company completed a 7-for-2 stock split. If the total m
    6·1 answer
  • Out of 100% what is the percentage of her getting a bf
    12·2 answers
  • which reason for holding inventory is exemplified when a firm builds up stock because they anticipate rising profit levels in th
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!