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
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  

You might be interested in
How many slides would be in a PowerPoint presentation based on the formatting of the Word outline?
Viefleur [7K]

The answer is Eight......

8 0
3 years ago
Donnie Hilfiger has the following balances in its stockholders' equity accounts on December 31, 2015: Treasury Stock, $400,000;
Nana76 [90]

Answer:

Explanation:

The preparation of the stockholders' equity section of the balance sheet for Donnie Hilfiger as of December 31, 2015 is presented below:

                                                DONNIE HILFIGER

                                                     Balance Sheet

                                         (Stockholders' Equity Section)

                                          As of December 31, 2015

Common stock $350,000

Preferred stock $1,000,000

Additional paid in capital $3,200,000

Total paid in capital $4,550,000

Retained earnings $,1600,000

Total  $6,150,000

Less: Treasury stock - $400,000

Total Stock holders equity $5,750,000

3 0
3 years ago
You're an entrepreneur and had a great idea to sell shoes that have springs installed in them to make walking easier. However, t
TiliK225 [7]

Answer:

B. There is an increase in income and "spring shoes" are a normal good.

Explanation:

To eliminate the disequilibrium in the market for shoes, spring shoes firstly needs to be seen as a normal product because if it is seen an inferior product then as people's Income rises they woudnt want to buy inferior products because they have the income to buy normal products. As people income rises, since spring shoes is seen as a normal product, then people will buy springshoes

6 0
3 years ago
Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
masha68 [24]

Answer:

Debit Petty Cash $250; credit Cash $250

Explanation:

Based on the information given we were told that the Company establishes the amount of $250 as a petty cash fund on September 1 which means that The journal entry to record the establishment of the fund on September 1 is:

Debit Petty Cash $250

Credit Cash $250

5 0
2 years ago
Assume that Parker Co. will receive SF200,000 in 360 days. Assume the following interest rates: U.S. Switzerland 360-day borrowi
frez [133]

Answer:

d. $96,914

Explanation:

Parker Co. can execute money market hedge in following steps:

(1) Parker Co. pledges Receivable of SF200,000 to borrow SF190,476 with rate 5% in Switzerland; SF190,476 = SF200,000/ (1+5%)

so it has to pay interest expense of SF9,524 in 360 days. The receivable of SF200,000 is enough for both principal and interest in 360 days.

(2) Then it sells SF190,476 at spot rate $0.48 to get $91,428

(3) Then it deposits $91,428 in US with rate 6% to get back $96,914 in 360 days ; $96,914 = $91,428 * (1+6%)

3 0
3 years ago
Other questions:
  • For a portfolio of 40 randomly selected stocks, which of the following is most likely to be true? a. The beta of the portfolio i
    15·1 answer
  • If the reserve-deposit ratio is less than one, and the monetary base increases by $1 million, then the money supply will
    13·2 answers
  • Which of the following would result if the business purchased supplies on credit? A)Supplies would increase, and Cash would decr
    8·1 answer
  • The BMW StreetCarver is a $495 skateboard that features BMW's technology in its wheel suspension, which stabilizes the board's s
    9·1 answer
  • The survival of an organization depends on not just how productive the organization is, but also on ________. which products the
    12·1 answer
  • A codec converts an incoming digital signal to an analog signal for transmission over an analog network. True False
    11·1 answer
  • Someone please help me thank u
    10·1 answer
  • What's the difference between fresh food and prepared food?
    11·1 answer
  • In the real world, we find that dividends Group of answer choices Tend to be a lower percentage of earnings for mature firms. Ar
    12·1 answer
  • Katniss works for the Panem Bureau of Economic Analysis. Panem produces three goods: bread and axes, as well as wheat, which is
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!