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NeTakaya
3 years ago
15

Layla Company began making mascara in November 2018 using a single-step process. Layla incurred $42,000 for materials and $48,64

0 for conversion during the month. There were 21,000 cases of mascara started in November and 3,000 cases unfinished (40 percent complete) at the end of the period. All materials were added at the beginning of the production process.What is the unit cost for materials for Layla using the FIFO method?a.$4.53b.$2.00c.$2.03d.None of these choices are correct.
Business
1 answer:
Anna35 [415]3 years ago
4 0

Answer:

correct answer is   b) $2.00

Explanation:

we know here

started and completed unit  for physical = 18000

so EUP material for 100 % = 18000

and

Ending work in process for physical = 3000

so EUP material for 100 % = 3000

so total EUP material = 18000 + 3000 = 21000

and

Unit cost is here = \frac{42000}{21000}

Unit cost =  2 per unit

so correct answer is   b) $2.00

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aleksandr82 [10.1K]

Answer:

well what you would have to do is the following go to your profile click the delete the question

4 0
2 years ago
Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 parvalue bonds have a quoted annual interest rat
gulaghasi [49]

Answer:

Price of the Bond is $868.82

Explanation:

Market Value of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond. Price of the bond is calculated by following formula:

Market Value of the Bond = C/2 x [ ( 1 - ( 1 + r/2 )^-2n ) / r/2 ] + [ $1,000 / ( 1 + r/2 )^2n ]

Whereas

C = coupon payment = $110.00 (Par Value x Coupon Rate)

n = number of years = 7

r = market rate, or required yield = 14% = 0.14

P = value at maturity, or par value = $1,000

Price Value of the Bond = $110/2 x [ ( 1 - ( 1 + 14%/2 )^-2x7 ) / 14%/2 ] + [ $1,000 / ( 1 + 14%/2 )^2x7 ]

Price Value of the Bond = $55 x [ ( 1 - ( 1 + 7% )^-14 ) / 7% ] + [ $1,000 / ( 1 + 7% )^14 ]

Price of the Bond = $481.0+$387.82

Price of the Bond = $868.82

8 0
3 years ago
What is the maximum loan amount a bank will provide a borrower under the following circumstances: LTV: 70% Appraised Value: $320
valkas [14]

Answer:

$231,000

Explanation:

The maximum loan amount that the borrower would get from a bank is the 70% of the contract price which is computed thus:

The understanding here is that the bank would provide 70% counterparty funds which is equivalent to 70% of $330,000 i.e $231,000(70%*$330,000).

In other words,the borrower should be willing to provide 30% of $330,000 while the bank complements the borrower's efforts withe balance of 70%

5 0
3 years ago
What are the pros and cons of putting your money into your superannuation?
almond37 [142]
One way to make the most of your money is to put any you have left over into your super
For many people, this is a tax effective way to save for the long term.
3 0
3 years ago
Which of the following is an example of a capital market security? a. Common stock b. Treasury bills c. Commercial paper d. A co
Oliga [24]

Answer:

a. Common stock

Explanation:

  • The capital markets are the financial market were the long term debt and equity-backed securities are brought and sold and can be put to the long term productive use as companies make long term investments. Includes the common stocks,  government stocks and certificate of deposits
6 0
3 years ago
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