Answer:
Cost of Ending WORK in Process $ 139496
Explanation:
Richmond Corporation
Weighted-Average Method
Ending work in process inventory 21,200 units
<em>First we find the equivalent units in the ending work in process inventory.</em>
Materials = 100% complete = 21200 units
Conversion= 60 % complete = 60% of 21200= 12720 units
<em>Then we multiply the equivalent units of the work in process inventory with the equivalent cost per unit and then add the materials and conversion costs to get the total cost of the ending work in process inventory.</em>
Materials = 21200 * $3.55 = $75260
Conversion = 12720 * $5.05= $ 64,236
Cost of Ending WORK in Process= $75260+$ 64,236= $ 139496
Answer:
Results are below.
Explanation:
<u>The absorption costing method includes all costs related to production, both fixed and variable. </u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>
<u>Absorption costing:</u>
<u />
Unitary fixed overhead= 940,000/23,000= $40.87
Unitary production cost= 180 + 340 + 51 +40.87
Unitary production cost= $610.87
<u>Variable costing:</u>
Unitary production cost= 180 + 340 + 51
Unitary production cost=$571
Answer:
it began in 1760. it started there because of the new inventions that were made like the cotton gin, electricity and other inventions. More and more countries got access to these inventions and they became more and more industrialized and urban.
Answer:
b. 9.75%
Explanation:
We know that
Nominal rate of return = Real rate of return + inflation rate
where,
inflation rate is 4.2%
And, the nominal rate of return would be
= {(Selling price - purchase price) × number of shares purchased + dividend} ÷ (purchase price × number of shares purchased)
= {($70.25 - $62.30) × 200 shares + $148} ÷ ($62.30 × 200 shares)
= ($1,738) ÷ ($12,460)
= 13.95%
Then place these values in the formula above,
so the value would be equal to
13.94% = Real rate of return + 4.2%
So, the real rate of return would be
= 13.94% - 4.2%
= 9.74% approx
Answer:
The wages and salaries in the planning budget for August would be closest to: $46,824
Explanation:
The planning Budget is Based on the Actual level of Activity for this question,This is known as <em>flexing</em> the budget.
<u>Calculation of Planning budget for August based on 116 births</u>
Wages and Salaries = $2,280 + $348×116 births
= $46,824
