Answer and Explanation:
1. Unit Cost for June = Total Cost/ Equivalent Units of output
= 174,000/75,000
= $2.32 per unit
2. Cost of Ending Work in Progress = Cost per unit * Ending WIP
= 2.32 * 21,600
= $50,112
Cost of goods transferred out = Cost per unit * Units completed
= 2.32 * 53,400
= $123,888
3. By using the Weighted Average method for calculating cost, May costs will also be reflected in the cost figures. In May, the measures to reduce cost had not been implemented so the costs were still higher than anticipated for June. They will therefore pull the June costs upward such that the cost reductions will not show up in June.
This can be overcome by using a method that would reflect the cost of June alone.
Answer:
Finished goods
Explanation:
There are four stages of inventory
1. Raw materials – materials and components scheduled for use in making a product.
2. Work in process, WIP – materials and components that have began their transformation to finished goods.
3. Finished goods – goods ready for sale to customers.
4. Goods for resale – returned goods that are salable.
So, we see here that the inventory stage that deals with goods ready for sale is FINISHED GOODS.
The Newshole space not taken up by ads--accounts for the remaining 35 to 50 percent of the content of daily newspapers.
<h3>What is the newshole in a paper?</h3>
The amount of space in a newspaper or broadcast news show that remains for journalism after advertising has been placed; the amount of content a news provider needs to create in every publishing cycle.
A newshole is a journalism term that stands for the amount of space available daily for news in a newspaper. The column inches reserved for the newshole are usually the remaining spaces after paid advertisements are filled.
To learn more about newspapers visit the link
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Answer:
Explanation:
As per IAS-33 earning per share, for the calculation of diluted earning per share in case of the options we will add the shares in the weighted average number of shares which will be issued free of cost due to excercise of the option as calculated below:
price of the share 24000*60 = 1440000
Ex.price of the share 24000*50 = 1200000
amount of share issued for free on exercise of stock options 144-120 = 240,000
No of shares issued free = 240000/60 = 4000
these 4000 shares will be the net increase in the w.avg no of shares for the diluted Earning per share.