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mezya [45]
4 years ago
8

Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the produ

ction process. The equivalent units for materials at Malcolm would be the sum of: A) units in ending work in process and the units started. B) units in beginning work in process and the units started. C) units in ending work in process and the units started and completed. D) units in beginning work in process and the units started and completed.
Business
1 answer:
Gwar [14]4 years ago
8 0

Answer:

B) units in beginning work in process and the units started.

Explanation:

For computing the equivalent units for material under weighted average process costing, we need to do an addition of beginning units of work in progress and started units irrespective of whatever given in a question.

There is to add or subtract the ending units of work in progress, and the units started and completed units

So, all other options are incorrect except B. option

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Answer:

Push on oil filter

Explanation:

Due to its size

7 0
4 years ago
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John Chen can purchase basic loaves of white bread from a local bakery for $1.50 each and sell them in his deli for $3.00 each.
masya89 [10]

Answer: The difference in daily profit by selling white bread instead of speciality bread is $22.

<u>Daily Profit from selling white bread:</u>

Selling Price per loaf    $3 .0

Cost per loaf                   $1.5

Profit per loaf              1.5 ( 3.0 - 1.5)

No. of units sold per day  52

Profit per day              52 * 1.5 = 78      

<u>Daily Profit from selling specialty bread:</u>

Selling Price per loaf    $4.50

Cost per loaf                   $2.50

Profit per loaf              2 ( 4.5 - 2.5)

No. of units sold per day  28

Profit per day              28 * 2 = 56      

Hence the difference in daily profit is 78 - 56 =22

5 0
3 years ago
A corporation declared and issued a 10% stock dividend on October 1. The following information was available immediately prior t
pshichka [43]

Answer:

The share capital will increase by $34000

Explanation:

dividend declared is in stock (10% of existing holding)

Share capital = 68,000 shares. dividend = 10% of 68,000 = 6,800

Par value  of share is $5 per unit. Thus share capital increase is $5 x 6,800 = $32,000

share premium (23-5)= $18 per share. Thus share premium reserve will increase by 18 x 6,800 = $122,400  

share premium is the difference between market value and par value of shares.

6 0
3 years ago
Novak Corp. provides security services. Selected transactions for Novak Corp. are presented below. Oct. 1 Issued common stock in
enot [183]

Answer:

The attached shows the journal entries in respect of Novark Corp. transactions for the month of October.

Every transaction has two impacts-debit and credit

Explanation:

Journal is a book of prime entry where transactions that cannot be posted to other books of original entry are treated.

Journal entry also observes the duality concept of accounting where each transaction in two accounts,for every debit,there is corresponding credit and vice versa.

Journal can also  be used to correct errors made while posting to books of account.

Download xlsx
7 0
4 years ago
Asymmetric Frames Corp. had a return on equity of​ 15%. The​ corporation's earnings per share was​ $6.00, its dividend payout ra
svet-max [94.6K]

Answer:

D. 9.0%

Explanation:

Provided return on equity = 15% = K_e

Earnings per share = $6.00

Dividend = 40% = $6 \times 0.4 = $2.40

Internal Growth Rate = Cost of equity \times (1 - Dividend payout ratio)

Putting values in above we have

Internal growth rate = 15% \times (1 - 40%)

= 15% \times 60%

= 9%

Therefore, correct option is

D. 9.0%

7 0
3 years ago
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