All categories

3 years ago

Domingo Corporation uses the weighted...

Business

1 answer:

son4ous [18]3 years ago

8 0

Answer:

3,000 units

Explanation:

Calculation for How many units are in ending work in process inventory

Using this formula

Ending work in process units =Beginning work in process units + Units started into production - Transferred to the second processing department units

Let plug in the formula

Ending work in process units= 2,300 units + 8,700 units - 8,000 units

Ending work in process units= 3,000 units

Therefore 3,000 units are in the ending work in process inventory in the first processing department at the end of the month.

You might be interested in

Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product

Lorico [155]

A) Direct labor hrs for car wheels = estimated wheels *direct labor per wheel

40,000 *1hr = 40,000

Direct labor hrs for Truck

10,000 * 3hr= 30,000

total direct labor hrs 40,000+30,000 = 70,000 hrs

Overhead rate is total est oh cost/ total direct labor hrs

770,000/70,000= 11.00

B) Car truck wheels 40,000*11 =440,000

Truck wheels 10,000*11=110,000

6 0

3 years ago

Dream, Inc., has debt outstanding with a face value of $6 million. The value of the firm if it were entirely financed by equity

Deffense [45]

Answer:

$650,000

Explanation:

For computing the decrease in the expected bankruptcy costs, first we have to determine the total firm value in each case which is shown below:

Total firm value = Equity + Debt × corporate tax rate

= $17,850,000 + $6,000,000 × 0.35

= $17,850,000 + $2,100,000

= $19,950,000

Now the total firm value based on market share

= Equity + Debt

= 350,000 shares × $38 + $6,000,000

= $13,300,000 + $6,000,000

= $19,300,000

The difference would be

= $19,950,000 million - $19,300,000

= $650,000

5 0

2 years ago

Which of the following statement shows the financial position of a business entity as on date

svlad2 [7]

Answer:

b) balance sheet

Explanation:

Balance sheet: The assets liabilities and stockholder equity are reported in the balance sheet. The accounting equation that is displayed below is used in this:

Total assets = Total liabilities + stockholder equity

The balance sheet debit and credit side should always be equal and balanced.

In addition, it is always prepared on the date specified plus it is also reflects the financial position, financial performance of the company.

8 0

3 years ago

The unrecognized net gain or loss balance must be amortized when it exceeds 10% of the larger of the: beginning accumulated bene

Schach [20]

Answer:

beginning projected benefit obligation or the market-related asset value

Explanation:

The balance of the Unrecognized Net Gain or Loss account subject to amortization only if it exceeds 10% of the larger of the beginning balances of the projected benefit obligation or the market-related value of the plan assets.

Amortization is simply the procedure or the process of retiring a debt or recovering a capital investment. This can be done via scheduled, systematic repayment of the principal or a program of periodic contributions to a sinking fund or debt retirement fund.

4 0

3 years ago

Which of the following is true about mortgage-backed securities? I) They aggregate individual home mortgages into homogeneous po

quester [9]

Answer:

I ,II and IV

Explanation:

Mortgage backed securities are either a claim for equity in a pool of mortgages, or a duty secured by a pool. Such claims reflect home loan securities. Loans borrow from mortgage lenders and then sell bundles of those loans on the resale market.

Specifically, once those loans are paid off, they sell their claim to the mortgage cash inflows. The issuer of the mortgage needs to maintain the loan, receiving principal and interest payments, and transfers those payments on to the mortgage borrower.

Therefore according to the given situation the correct answer is I, II, IV

6 0

3 years ago