<span>Organizations known as Partnerships use the Form 1065 and Schedule K-1. A Partnership is an agreement between two partners to agree to work together to benefit each others interest. These organizations of Partnerships may be between individuals, governments, schools, etc.</span>
Answer:
- Materials - 100,400
- Conversion - 95,600
Explanation:
Equivalent Units = Units Completed and Transferred out + Ending Work in Progress.
Materials Equivalent Units
Ending Work in Progress = 90% * 16,000
= 14,400 units
Equivalent Units = 86,000 + 14,400
= 100,400 units
Conversion Equivalent Units
Ending Work in Progress = 60% * 16,000
= 9,600 units
Equivalent Units = 86,000 + 9,600
= 95,600 units
Answer:
Magazine's cost per thousand (CPM) = $62
Explanation:
Given:
Cost per card = $930
Total number of cards = 15,000
Find:
Magazine's cost per thousand (CPM)
Computation:
Magazine's cost per thousand (CPM) = [Cost per card x 1,000] / Total number of cards
Magazine's cost per thousand (CPM) = [930 x 1,000] / 15,000
Magazine's cost per thousand (CPM) = 930,000 / 15,000
Magazine's cost per thousand (CPM) = $62
Answer:
Effect on income= $15,000 favorable
Explanation:
Giving the following information:
It has just determined that another $40,000 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $170,000. The company estimates that both lifts would have useful lives of 6 years. The new lift is more efficient and thus would reduce operating expenses by about $20,000 per year. Darcy Roofing could also rent out the new lift for about $10,000 per year. The old lift is not suitable for rental. The old lift could currently be sold for $25,000 if the new lift is purchased.
Year 0= -170,000 + 25,000 + 40,000= -105,000
Year 1 trough 6= 20,000*6= 120,000
Effect on income= $15,000 favorable
