Answer:
a. The number of whole units to be accounted for and to be assigned costs for the period is 17,000 units
b. The number of equivalent units of production for the period is 16,160 units
Explanation:
a. The computation of the whole units assigned for the period is shown below:
= Units completed and transferred + ending units of work in progress
= 15,800 units + 1,200 units
= 17,000 units
b. The computation of the equivalent units are shown below:
= (Units completed and transferred × percentage of completion) + (ending units of work in progress × percentage of completion)
= 15,800 units × 100% + 1,200 units × 30%
= 15,800 units + 360 units
= 16,160 units
Answer:
B. They should market localized products and services under local brands.
Explanation:
Global Agnostics are most likely going to lead anti globalization demostrations. That means that they are against the idea of globalization and prefer national products.
Companies shouldn't consider them as lost customers. They can market localized products and services under local brands, for example Nestle owns more than 8000 brands around the world, most of which are local, country specific brands not marketed somewhere else.
Answer:
Cost of units completed = $176,528
Workings are attached:
Explanation:
Equivalent unit of production
An equivalent unit of production is an expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period. Basically the fully completed units and the partially completed units are expressed in terms of fully completed units.
Equivalent units are used in the production cost reports for the producing departments of manufacturers using a process costing system. Cost accounting textbooks are likely to present the cost calculations per equivalent unit of production under two cost flow assumptions: weighted-average and FIFO.
Conversion costs
Conversion costs is a term used in cost accounting that represents the combination of direct labor costs and manufacturing overhead costs. In other words, conversion costs are a manufacturer's product or production costs other than the cost of a product's direct materials.
Expressed another way, conversion costs are the manufacturing or production costs necessary to convert raw materials into products.
The term conversion costs often appears in the calculation of the <u>cost of an</u> <u>equivalent unit in a process costing system.</u>
For the sake of this question, we will be determining the <u>equivalent units of production:</u>
- Units completed and transferred subject to material and conversion costs
- Units in the closing inventory subject to material and conversion costs
- We will then calculate the cost per units with respect to material and conversion costs for the equivalent units.
- These cost per units will enable us to determine the cost of items completed.
Answer:
The Future value at year time is $4,260
Explanation:
The future value at the end of the year one can be found by using the compounding formula which is as under:
Future Value = Present Value * (1 +r)^n
Future Value = $4,000 * (1.065)^ 1 = $4,260
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