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
The Hollywood Branding staff has an idea for a corporate giant in the household cleaning products industry; a reality show using
Orlov [11]

Answer:

c)

Explanation:

Based on the information provided within the question it can be said that this worry stems from the concern that TV networks could be charged with deception of the public by failing to disclose the details of product-placement deals. This is due to the fact that if the network does not tell the public the details of the product deals or even that they are being sponsored, then a consumer might buy the product under the impression that it is a good product when in fact, the network is up-selling it. Therefore it is a form of false advertising.

6 0
4 years ago
Wendy is a self employed certified financial planner and began his business in 2018. During 2018, she purchased a $500 computer
Ann [662]

The correct answer would be option A, computer,desk,legal/incorporation fees,roof.

She also paid $6000 in legal/incorporation fees and spent $12000 for a new roof for the office building she owns. Computer, desk, legal/incorporation fees, roof, purchases she can expense in 2018 without limitations.

Explanation:

Wendy is a financial planner who began his business in 2018. She purchased computers, desks, paid legal/incorporation fees, and also spent money for a new roof for the office building.

All these purchases are already paid by him in the running year. So he does not have to worry about their limitation at least in 2018. These are mostly one time purchases that would need only maintenance in years, or he might have to pay only for the renewal of the legal/incorporation. Otherwise there would be no limitation on him in 2018 at least.

Learn more about Purchase expense without limitation at:

brainly.com/question/8050807

#LearnWithBrainly

7 0
3 years ago
The wise manager is typically willing to produce a greater quantity of goods when the price for those goods goes up. True False
netineya [11]

Answer:

True

Explanation:

This statement is true because it is in consonance or agreement with the law of supply which states that<em> </em><em>the quantity of a product produced and supplied of a commodity moves in the direction of the price of such commodity, assuming all other factors determining supply remain the same or constant (i.e. ceteris paribus). </em>On the other hand, the quantity of a product produced and offered for sale will reduce as the price of the product falls.

7 0
4 years ago
The Kreidler Kids company can produce swing sets for $1,000. Kendra wants a new swing set for her children and will pay $1,500 f
Makovka662 [10]

Answer:

The Kreidler Kids company has a producer surplus of $500.

Explanation:

Producer surplus can be described or calculated as the amount a producer is willing to supply or sell goods and the actual amount the supplier received.

For this question, the producer surplus can therefore be calculated as follows:

The amount Kreidler Kids company can produce swing sets = $1,000

The amount paid by Kendra for the the swing set = $1,500

Producer surplus = The amount paid by Kendra for the the swing set - The amount Kreidler Kids company can produce swing sets = $1,500 - $1,000 = $500

Therfore, the Kreidler Kids company has a producer surplus of $500.

5 0
3 years ago
You are offered a chance to buy an asset for $7,250 that is expected to produce cash flows of $750 at the end of Year 1, $1,000
Amanda [17]

Answer:

6.14%

Explanation:

The rate of return for the date given in the question for the asset shall be determined through calculating Internal rate of return on this asset, which shall be calculated as  follows:

Year          Cash flow               Present [email protected]%     Present [email protected]%

0               ($7,250)                  ($7,250)                      ($7,250)

1                 $750                       $714.29                      $681.82

2                $1,000                    $907.03                     $826.45

3                $850                       $734.26                     $638.62

4                 $6,250                    $5,141.89                   $4,268.83

                                                   $247.7                       ($834.28)

IRR=A%+[a/(a-b)*(B%-A%)]

A%=5%, a=$247.7 B%=10%  b=(834.28)

IRR=5%+[247.7/(247.7+834.28)*(10%-5%)]

IRR=6.14%

4 0
3 years ago
Other questions:
  • What is organizational culture?​
    15·1 answer
  • As firms build databases that contain customer ______, marketing researchers must be careful not to abuse this collection, which
    6·1 answer
  • 8. Look at least a block ahead in city traffic. *<br> O<br> True<br> O<br> False
    14·1 answer
  • if interest rates are positive, the future value of a given sum will always be less than the present value
    6·1 answer
  • Generally Accepted Accounting Principles (GAAP) are not routinely used in health care organizations. Group of answer choices Tru
    14·1 answer
  • If a company has excess capacity, increases in production level will increase variable production costs but not fixed production
    10·1 answer
  • Using groups to solve problems generally requires consensus, meaning that all members must reach an agreement to support the fin
    10·1 answer
  • Why is the assumption of a normal, bell-shaped distribution important in making these estimates
    10·2 answers
  • Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of
    12·1 answer
  • 8. Problems and Applications Q8
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!