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Step2247 [10]
3 years ago
12

The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3

,700 units that are 100% complete as to materials and 29% complete as to conversion costs; units transferred out 9,300 units; and ending work in process 9,100 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of Novomber.
Business
1 answer:
Citrus2011 [14]3 years ago
7 0

Answer:

(A) 18,400 units

(B) 12,940 units

Explanation:

The computation of the equivalent units of production for

(A) Material =  Units transferred out +  Ending work in process

                   = 9,300 units + 9,100 units

                   = 18,400 units

(B) Conversion  =  Units transferred out +  (Ending work in process × conversion percentage)

= 9,300 units + 9,100 units × 40%

= 9,300 units + 3,640 units

= 12,940 units

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Explanation:

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According to given data

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Rate of return = 15%

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For 3 years = 29% per year

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We can calculate the price of share using following formula:

Price of share = D3 / Rate of return - Growth rate

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3 years ago
hich of the following is not one of the assumptions of the basic EOQ model? Annual demand requirements are known. Lead time does
Tatiana [17]

Answer:

Quantity discounts are available

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3 years ago
The purpose of reporting Current Maturities of Long-Term debt is to: a. report any portion of a long-term borrowing that is to b
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Answer:

Correct option is (d)

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How may the following products be brought as convenience goods, especially
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2 years ago
lark Bell started a personal financial planning business when he accepted $36,000 cash as advance payment for managing the finan
just olya [345]

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In Year 1, the Assets (Cash) will increase by $36,000.  There is a corresponding increase in Liabilities (Unearned Revenue) of $15,000 and an increase in Equity (Service Revenue) of $21,000.

Thus, the amount of revenue that Bell would recognize on the Year 2 income statement from this transaction in Year 1 is $15,000.  This covers 5 months from January to May.

Learn more about the effects of advance payment and revenue at brainly.com/question/24300418

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