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V125BC [204]
3 years ago
6

Kimbeth Manufacturing uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The foll

owing information pertains to operations for November. Units Work in process, November 1st 22,400 Started in production during November 140,000 Work in process, November 30th 33,600 The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% complete as to materials and 40% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $71,160; direct labor, $26,610; manufacturing overhead, $20,110. Costs incurred during the month: direct materials, $618,800; direct labor, $241,330; manufacturing overhead, $513,600. What is the equivalent unit cost for materials assuming Kimbeth uses first-in, first-out (FIFO) process costing? $6.46 per unit. $4.34 per unit. $4.25 per unit. $4.28 per unit.
Business
1 answer:
larisa86 [58]3 years ago
7 0

Answer:

DM Cost per Equivalent unit: 4.25

Explanation:

22400 beginning  60% materials 20% conversion

140,000 started

33600 ending 90% materials 40% conversion

Beginning Inventory

DM 71,160

DL 26,610

MO 20,110

Conversion Cost  46,720

Cost during the month

DM 618,800

DL 241,330

MO 513,600

Conversion Cost 754,930

Equivalent units Materials

22,400 * .4     8,960

140,000       140,000

33,600 * .1    (3,360)

                  145,600

DM Cost per Equivalent unit: 4.25

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The May transactions of Bramble Corp. were as follows:
svlad2 [7]

Answer and Explanation:

The journal entries are given below:

On May 4

Account  payable $610

        To cash $610

(To record the cash paid)

On May 7

Account  receivable $6,840  

       To service revenue $6,840

(To record the service on account)

On May 8

Supplies $870    

      To Account payable $870  

(To record supplies purchased on account)

On May 9

Equipment $1,930  

        To cash $1,930

(To record the equipment purchase)

On May 17

Salary expense $700

         To cash $700

(To record the salaries expense)  

On May 22

Repair expense $800  

        To Account payable $800

(To record the received bill for repairing of an equipment)

On May 29

Prepaid rent $1,280

         To cash  $1,280

(To record the cash paid)

4 0
3 years ago
Assume that you manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 42%. The T-bill rate
amm1812

Answer:

a. Expected Return = 16.20 %

   Standard Deviation = 35.70%

b. Stock A  = 22.10%

   Stock B  = 29.75%

   Stock C  = 33.15%

   T-bills  = 15%

Explanation:

a. To calculate the expected return of the portfolio, we simply multiply the Expected return of the stock with the weight of the stock in the portfolio.

Thus, the expected return of the client's portfolio is,

  • w1 * r1 + w2 * r2
  • 85% * 18% + 15% * 6% = 16.20%

The standard deviation of a portfolio with a risky and risk free asset is equal to the standard deviation of the risky asset multiply by its weightage in the portfolio as the risk free asset like T-bill has zero standard deviation.

  • 85% * 42% = 35.70%

b. The investment proportions of the client is equal to his investment in T-bills and risky portfolio. If the risky portfolio investment is considered of the set proportion investment in Stock A, B & C then the 85% investment of the client will be divided in the following proportions,

  • Stock A = 85% * 26% = 22.10%
  • Stock B = 85% * 35% = 29.75%
  • Stock C = 85% * 39% = 33.15%
  • T-bills = 15%
  • These all add up to make 100%
3 0
3 years ago
Read 2 more answers
Crisp Cookware's common stock is expected to pay a dividend of $3 per share at the end of this year; its beta is 0.9; the risk-f
slavikrds [6]

Answer:

The answer is $41.21

Explanation:

Required Rate of Return = Risk Free Rate + Beta*(Market Risk Premium)= 5.2% + 0.9 * 6% = 10.6%

Cost of Equity = D1/Current Stock Price + Growth Rate

10.6% = $3/$40 +g

g = 3.1%

Stock Price After 3 Years = Current Stock Price*Growth Rate= $40 * (1.031)= $41.21

7 0
2 years ago
You post that you are the best personal trainer on a social networking site. People Google your name and learn that you are an a
Brums [2.3K]

Answer:

association

Explanation:

Based on the information provided within the question it can be said that in this scenario your online face has an association. Meaning that people associate your online face to an accomplished and certified trainer with years of experience. Therefore when someone see's your face that is the first thing that is going to come to mind.

5 0
3 years ago
A firm improves product quality and adds new product features and models. it also shifts some advertising from building product
marin [14]
The product life cycle (PLC) has 5 stages: product development stage, introduction stage, growth stage, maturity stage and decline stage.<span>
The strategy that includes shifting some advertising from building product awareness to building product conviction and purchase is part of the growth stage of the product life cycle. I</span><span>f the new product satisfies the market, it enters this  growth stage. In the growth stage the sales will start climbing quickly.</span>
6 0
3 years ago
Read 2 more answers
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