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Sonja [21]
3 years ago
14

The Converting Department of Worley Company had 2,400 units in work in process at the beginning of the period, which were 35% co

mplete. During the period, 10,800 units were completed and transferred to the Packing Department. There were 1,900 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".
Business
1 answer:
irinina [24]3 years ago
5 0

Answer:

Equivalent units

Materials    = 12,700 units

Conversion cost =  11,940 units

Explanation:

<em>Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.</em>

<em>Equivalent Units = Degree of completion (%) × units</em>

<em>We will use the weighted average method</em>

<em>Weighted average method</em>

<em>The weighted average method of valuation of work in progress does not separate opening work-in progress from the newly introduced.</em>

<em>Using the weighted average method</em>

<em />

<em>Equivalent unit for material cost</em>

Since direct materials are added at the the beginning of the production process the equivalent unit of direct material

EU = (100% × 10,800) + (100% ×1900) = 12700

<em>Note that 100% represent the degree of completion.</em>

<em />

Equivalent unit for conversion cost

<em>Item                                                   Equivalent unit</em>

Transferred out         100%× 10,800 = 10,800

Closing inventory     60%  ×1900 =     <u>  1140</u>

Total equivalent unit =                         <u>11,940</u>

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Answer:

D. Capital market instruments include both long-term debt and common stocks.

Explanation:

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Option B and E are not correct, too. Transaction under them are examples of a secondary market transaction.

Option C is wrong, as well. NYSE has a physical location where trading activities happen.

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Dove, Inc., had additions to retained earnings for the year just ended of $643,000. The firm paid out $40,000 in cash dividends,
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Answer:

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Answer:

A. tuition revenues of $4,000 and expenditures of $4,000.

Explanation:

If the student is not employed as a graduate assistant required to assist faculty members with research and other activities, we will have one:

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Answer: See explanation

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To convert to Celcius scale from Kelvin, the formula to use is:

Temperature in Celcius = Temperature in Kelvin - 273

a. 450k

Temperature in Celcius = Temperature in Kelvin - 273

= 450 - 273

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(b) 273 k

Temperature in Celcius = Temperature in Kelvin - 273

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