Answer:
500
Explanation:
The computation of Total outstanding shares is shown below:-
Market Value of Shares before Share repurchase = Equity ÷ Number of Shares outstanding
= $6,000 ÷ 600
= $10
Shares repurchased = Excess Cash ÷ Price of a Share
= $1,000 ÷ 10
= 100
Total Outstanding Shares = Number of Shares outstanding - Shares repurchased
= 600 - 100
= 500
We applied the above formula.
Answer:
Materials 187,230
Conversion 182,200
Explanation:
FIFO method, from the started units we will add the reamining work onthe beginning WIP invnetory and subtract the undone part of the ending WIP inventory
Materials
Started units 176,000
October 1st 27,000 x (1 - 57%) = 11,610
October 31th 20,000 x (1-81%) = (380)
Equivalent Units 187,230
Conversion
Started units 176,000
October 1st 27,000 x (1 - 33%) = 18,000
October 31th 20,000 x (1-41%) = (11,800)
Equivalent Units 182,200
Answer:
Rate= 168.65%
Explanation:
When loans are collected there is interest that is paid on the principal collected. The interest is usually expressed as a percentage per year.
The following formula is used to calculate interest rate
Interest = principal* rate* time
We are asked to calculate annual percentage
Rate = interest/(principal * time)
Interest bis paid every two weeks. That is twice a month, and there are 12 months in a years. That is 2*12= 24 times.
Total interest per year= 24* 26= $624
Using the formula
Rate= 624/(370*1)
Rate = 1.6865
Rate= 168.65%
Answer:
rate variance $ 72,000.00 F
efficiency variance $ 75,000.00 U
Total Variance: 3,000.00 U
Explanation:
DIRECT LABOR VARIANCES
std rate $ 15.00
actual rate $ 12.60 (378,000 labor cost / 30,000 labor hours)
actual hours 30,000
difference $2.40
rate variance $72,000.00
As the company wages were lower than expected, it saved rate-related cost
std hours 25000.00 (5,000 units x 5hours each = 25,000)
actual hours 30000.00
std rate $15.00
difference -5000.00
As the company use more hours the cost were higher than standard
efficiency variance $(75,000.00)