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AVprozaik [17]
2 years ago
7

Bonita Company is trying to determine the equivalent units for conversion costs with 4500 units of ending work in process at 70%

completion. There were 44500 equivalent units of production for materials. There are no beginning units in the department. All materials are added at the beginning of the process, and conversion costs occur evenly throughout the entire production period. What is the equivalent units of production for conversion costs for the current period? Entry field with incorrect answer 43150. 47650. 3150. 49000.
Business
1 answer:
kicyunya [14]2 years ago
3 0

Answer:

43150 units

Explanation:

For computing the equivalent units of production for conversion costs, first, we have to find the sale units which is shown below:

= Production units for material - ending work in progress units

= 44,500 units - 4,500 units

= 40,000 units

Now the ending work in progress units for conversion would be

= Ending work in progress units × percentage of completion

= 4,500 units × 70%

= 3,150 units

So, the equivalent units of production for conversion costs would be

= Sale units + ending work in progress units for conversion

= 40,000 units + 3,150 units

= 43,150 units

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Cross Creek Clinic has revenue totaling $200,000. The clinic has costs totaling $100,000. Of this amount, 60% is variable cost a
krek1111 [17]

Answer:

Contribution Margin= $140,000

Explanation:

Giving the following information:

Cross Creek Clinic has revenue totaling $200,000. The clinic has costs totaling $100,000. Of this amount, 60% is a variable cost and 40% is fixed cost.

To calculate the contribution margin we need to use the following formula:

Contribution margin= total sales - total variable cost

CM= 200,000 - (100,000*0.6)= $140,000

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At February 1, 2022, the balance in Wildhorse Co. supplies account was $3780. During February Wildhorse purchased supplies of $3
otez555 [7]

Answer: $2,700

Explanation:

The balance in Supplies account at the end of February can be calculated using the formula:

= Beginning balance + Supplies purchased in the month - Supplies used in the month

= 3,780 + 3,240 - 4,320

= $2,700

4 0
2 years ago
An – reflects the amount of one currency required to purchase one unit of another currency. to put it simply, it is the – of for
Tems11 [23]
In the first blank, the word that comes is "exchange rate".
<span>An exchange rate reflects the amount of one currency required to purchase one unit of another currency.

In the second blank, the word that comes is "rate".
</span><span>to put it simply, it is the rate of foreign currency.

Third blank fills with "floating rates".
</span><span>This rate is set by floating rates in foreign exchange markets.</span>
<span>
In the fourth blank, the answer is "</span>appreciates".<span>
 </span>when a currency becomes more valuable in the market, this is called "appreciates".

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3 0
3 years ago
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bija089 [108]

Answer: the answer is either A or B

Explanation:

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3 years ago
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The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2022.
pishuonlain [190]

Answer:

Dependable Delivery Service

Classified balance sheet as at July 31, 2022

Non Current Assets

Equipment                                                  $59,360

Total Non Current Assets                          $59,360

Current Assets

Accounts Receivable                                  $11,400

Prepaid Insurance                                        $1,800

Cash                                                            $15,940

Total Current Assets                                  $29,140

Total Assets                                               $88,500

Equity and Liabilities

<u>Equity</u>

Common Stock                                         $40,000

Retained Earnings                                       $8,750

Total Equity                                                $48,750

<u>Liabilities</u>

<u>Non Current Liabilities</u>

Notes Payable, due 2024                         $31,450

Total Non Current Liabilities                     $31,450

<u>Current Liabilities</u>

Accounts Payable                                      $7,400

Salaries and Wages Payable                       $900

Total Non-Current Liabilities                     $8,300

Total Liabilities                                         $39,750

Total Equity and Liabilities                      $88,500

Explanation:

Its very important to calculate the Retained Earnings Balance at the end of July 2020.

To do this, we need to first calculate the Net Income for the period as follows :

<u>Income Statement for the year ended July 31, 2022</u>

Service Revenue                                                        15,500

Less Expenses :

Maintenance and Repairs Expense           1,200

Utilities Expense                                           950

Insurance Expense                                       600

Salaries and Wages Expense                    8,400     (11,150)

Net Income/(loss)                                                         4,350

Then, calculate the Retained Earnings Balance as follows :

<u>Retained Earnings Calculation </u>

Beginning Balance                                    5,200

Add Net Income during the period          4,350

Less Dividends                                            (800)

Ending Balance                                         8,750

6 0
3 years ago
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