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Ahat [919]
3 years ago
7

The jones corporation uses a process system. during the current​ period, 2,500 units were started and​ 1,100 units were complete

d and transferred out. ending units were​ 60% complete for materials and​ 45% complete for conversion costs. direct materials costs added were​ $35,405 and conversion costs added were​ $32,870. there was no beginning wip inventory and conversion costs are added evenly throughout the process. at the end of the​ period, the total equivalent units for direct materials are
Business
1 answer:
Anuta_ua [19.1K]3 years ago
7 0

In order to find total equivalent units lets understand the term equivalent units. Equivalent units refer to units which have been processed fully, these units will also include the beginning and ending balance of Work in process inventory. In the given problem there is not beginning balance WIP, thus we shall first calculate total no of units that have been completely processed as below:

Units completely processed= Total Units put in-Ending Inventory

=2500-1100

=1400units

Thus Units completed will be 1400 units for both Materials and conversion cost.

We now find equivalent units completely processed for Materials in the ending invnetory.

Ending Inventory=1100 units, Since 60% of it is completed with respect to materials, the equivalent units= 660 units

Thus total equivent units for direct materials= 1400 units+660units

=2060units.

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A company has 800 bonds outstanding with a par value of $1,000 and priced at 95% of par. It also has 40,000 shares of common sto
alisha [4.7K]

Answer:

Bonds   = 24%

Shares  = 76%

Explanation:

The weight of each of the finance sources is the proportion that their market value bears to the total market value.

This is computed as follows:

                                                                               $

Market value of bonds= 95%× 1,000× 800= 760,000

Market value of shares = 60× 40,000=        <u>2,400,000</u>

Total market value                                        <u>  3,160,000</u>

Bonds             = 760,000/3,160,000× 100= 24%

Shares             = 2400000/3,160,000×  100= 76%

7 0
3 years ago
a segregation of duties among employees always eliminates the possibility of collusion. group of answer choices true false
ozzi

Dividing tasks between employees always eliminates the possibility of collusion, but this is wrong.

Segregation of duties is important for effective internal control because it reduces the risk of errors or improper conduct. Preventing collusion helps fight fraud.

Separation of duties is an important practice to reduce the occurrence of errors and fraud by ensuring that employees do not have the opportunity to commit or conceal errors or fraud in the performance of their duties. That is internal control.

Separation of duties reduces the risk of fraud or misconduct as each affected employee has access controls and restrictions in place. Task division is delegating different steps of the process to different people to delegate important functions.

To learn more about collusion

brainly.com/question/14409158

#SPJ4

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Answer:

D) distributive

Explanation:

The salary is not distributed as required as per Jackie so this is perceiving distributive justice.

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A. 1.47

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