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trasher [3.6K]
3 years ago
7

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the

first processing department consisted of 1,600 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,900 65% Conversion costs $ 8,000 45% A total of 8,900 units were started and 7,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 126,700 Conversion costs $ 208,200 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to:
Business
1 answer:
Effectus [21]3 years ago
4 0

Answer:

$15.18

Explanation:

We can calculate the Cost Per Equivalent Unit for Material by using following formula:-

Ending Inventory Units = Opening Inventory + Opening Unit -Transferred Unit

= 1,600 + 8,900 - 7,100

= 3,400 units

Equivalent Units for Material = Ending Inventory Units × 50% + Units Transferred and Completed × 100%

= 3,400 × 50÷100 + 7,100 × 100 ÷ 100

= 1,700 + 7,100

= 8,800 Units

Cost Per Equivalent Unit for Material = (During the Month Material Cost Incurred + Opening Material Cost) ÷ Equivalent Units for Material

= ($126,700 + $6,900) ÷ 8,800 Units

= $15.18  

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Option C is cotrrect answer - $304.50

<u>Explanation:</u>

The mean is calculated by adding all the values and then dividing it by the number of units. In general terms mean is also called as an average.  

As per the given question:

Mean cost of repairing a starter of four multifarious vehicles is to be found out

The cost given are : $316, $443, $249, $210, Number of vehicles = 4

In order to calculate mean, first of all, sum has to be found out of four vehicles

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Now, this sum is to be divided by the number of units that is 4 = $1218 divided by 4 = $304.50

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4 years ago
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Answer:

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Answer:

$16,394.26

Explanation:

using a loan calculator we can determine the amount of interest paid in both loans:

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3 years ago
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This represents the referent power

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