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Sonja [21]
2 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]2 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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An account credits interest at an effective rate of 4% for years 1-3, 5% for years 4-6, and 6% for years 7-9. Deposits of $1,000
netineya [11]

Answer:

The accumulated value of the deposits at the end of 9 years is <u>$11,242.18</u>

Explanation:

Note: Find attached the excel file for the calculation.

Since the deposits are made into the account at the end of each year, interest will be earned on the opening balance for each year since it remains the account for 12 months.

No interest will be earned on the deposit of $1,000 made at the end of each year.

The opening balance, interest earned and the deposit for each year are then added together to obtain the closing balance for each year.

Since the closing balance for year 9 is <u>$11,242.18</u>, this is therefore the accumulated value of the deposits at the end of 9 years.

Download xlsx
3 0
2 years ago
Year 1 2 3 4 5 Free Cash Flow $22 million $24 million $29 million $32 million $35 million XYZ Industries is expected to generate
Elena L [17]

Answer:

The expected current share price is $7.66

Explanation:

According to the given data, we have the following:

FCF1 = $22 million

FCF2 = $24 million

FCF3 = $29 million

FCF4 = $32 million

FCF5 = $35 million

Growth Rate, g = 2%

WACC = 7%

In order to calculate the expected current share price we have to calculate first the following:

First, we have to calculate the FCF6 as follows:

FCF6 = FCF5 * (1 + g)

FCF6 = $35 million * 1.02

FCF6 = $35.70 million

Next, we have to calculate the Horizon Value of Firm as follows:

Horizon Value of Firm = FCF6 / (WACC - g)

Horizon Value of Firm = $35.70 million / (0.07 - 0.02)

Horizon Value of Firm = $714 million

Next, we have to calculate the Current Value of Firm as follows:

20,560,747+20,962,529+23,672,638+24,412,646+24,954,516+509,072,132

Current Value of Firm = $22 million / 1.07 + $24 million / 1.07^2 + $29 million / 1.07^3 + $32 million / 1.07^4 + $35 million / 1.07^5 + $714 million / 1.07^5

Current Value of Firm = $623.63 million

Next, we have to calculate the Value of Equity as follows:

Value of Equity = Current Value of Firm - Value of Debt + Value of Cash

Value of Equity = $623.63 million - $40.00 million + $14.00 million

Value of Equity = $597.63 million

Therefore, the Price per share = Value of Equity / Number of shares outstanding

Price per share = $597.63 million / 78 million

Price per share = $7.66

The expected current share price is $7.66

5 0
3 years ago
Read 2 more answers
Leisure Industries manufactures​ custom-designed playground equipment for schools and city parks. Leisure expected to incur $ 62
inn [45]

Answer:

Price= $85263,6

Explanation:

We need to calculate the price paid by the City of Hamptonville for playground equipment.

We know the following information:

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Manufacturing overhead: it is assigned on labor hours.

We need to calculate the value of manufacturing overhead.

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Manufacturing cost Job 309= direct material + direct labor + Manufacturing overhead= 13000 + 3520 + 52800= $69320

Price=69320*1.23= $85263,6

6 0
3 years ago
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strojnjashka [21]

Answer:

a.

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Dec, 31. 2020       Cash                                              $1,000

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b.

Date                      Account Title                                    Debit                Credit

Dec, 31. 2020       Customer deposits                          $800

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c.

Date                      Account Title                                    Debit                Credit

Dec, 31. 2020       Customer deposits                          $120

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                            Inventory                                                                   $  96

7 0
2 years ago
In the ________ era, manufacturers focused on product innovation, rather than satisfying the needs of individual customers.
Temka [501]

It should be noted that in the Production Oriented Era,manufacturers focused on product innovation, rather than satisfying the needs of individual customers.

<h3>What is Production Oriented Era?</h3>

Production Oriented Era can be regarded as an era in which manufacturers were concerned with product innovation, they do this instead of meeting customers needs.

In this era Retailers were considered places to hold inventory until it was sold.

Learn more about Production Oriented Era at:

brainly.com/question/6264918

8 0
2 years ago
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