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Leni [432]
3 years ago
12

. Materials are added at the beginning of a process in a process costing system. The beginning Work-in-Process Inventory was 30%

complete as to conversion costs. Using first-in, first-out (FIFO) process costing, the total equivalent units for material are A. beginning inventory this period for this process.B. units started this period in this process.C. units started this period in this process plus the beginning inventory.D. units started this period in this process plus 70% of the beginning inventory this period.
Business
1 answer:
natita [175]3 years ago
3 0

Answer:

B. units started this period in this process

Explanation:

The equivalent units is the metric to account cost for the period cost.

With stared during the period, the formula will be:

Started during the period - incomplete ending + incomplete beginning

Because the materials are added entirely at the beginning, the beginning WIP has all the materials already added. Those unit do not recieve any material therefore, none are incomplete.

Also, the ending is complete as well, so there is no incomplete portion

leaving the formula with:

started during the period - 0 + 0 = started during the period

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Answer: option C

Explanation: THIS CAN BE REPRESENTED AS FOLLOWS :-

If we eliminate the product there would be no sales, no variable expenses and therefore, no contribution.

  sales                    = nil

-variable expenses= <u>nil</u>

contribution              = nil

- fixed expenses      = <u>56,000</u>

NET LOSS              = <u> (56000)</u>

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NOTE :-

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6 0
3 years ago
A 30-year zero coupon bond with a face value of $5,000 is currently selling for $1,156.88 and has a market rate of interest of 5
daser333 [38]

Answer:

Price will increase by $277.58

Explanation:

Market rate of Interest of a zero coupon bond can be determined by following formula

Market Rate of Interest = [ ( F / P )^(1/30) ] - 1

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0.0425 + 1 = ( $5000 / P )^1/30

( 1.0425 )^30 = (( $5000 / P )^1/30)^30

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Price will increase by $277.58

5 0
3 years ago
PA8.
notka56 [123]

Answer:

750

Explanation:

The number of units in finishing department at the end of the month shall be calculated as follows:

Number of units transferred=Starting wip inventory+units received from molding department-number of units at the end of month.

Number of units at the end of month=Starting wip inventory-number of units transferred+units received from molding department

Number of units at the end of month=700-2,150+2,200

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