1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bond [772]
3 years ago
10

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f

irst processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,600 50% Conversion costs $ 1,800 20% A total of 6,900 units were started and 6,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 158,800 Conversion costs $ 120,500 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department
Business
1 answer:
Vinvika [58]3 years ago
3 0

Answer:

6,500

Explanation:

As per the given question the solution of equivalent units for conversion costs  is provided below:-

To reach the equivalent units of conversion first we need to find out the ending inventory units which is below:-

Ending inventory units = Beginning units + Started - Units completed

= 500 + 6,900 - 6,200

= 7,400 - 6,200

= 1,200

Equivalent units of conversion = Units completed + Ending Work in progress

= (6,200 × 100%) + (1,200 × (100% - 75%))

= 6,200 + 300

= 6,500

So, we have calculated the equivalent units of conversion by using the above formula.  

You might be interested in
Five days after signing a contract to purchase a new timeshare in North Carolina, the buyer cancels the timeshare contract. Acco
dangina [55]

Answer:

Under north Carolina's laws, the developer must refund the buyer's money within a 30 day period since the purchase date. North Carolina law also sets a deadline of 5 calendar days to cancel a timeshare contract, so this buyer barely made it on time. A buyer cannot waive his right to cancellation, even if the option is not included in the contract.

6 0
3 years ago
Kathy has $50,000 to invest today and would like to determine whether it is realistic for her to achieve her goal of buying a ho
Tresset [83]

Answer:

So she must achieve about 11.61 %

Explanation:

Amount invest by Kathy = $50000

She wanted to buy a home for $150000

Time of investment = 10 years

We have to find the return which she received

Let she receives x return

So according to question 50000\times (1+x)^{10}=150000

(1+x)^{10}=3

(1+x)=3^{0.1}

(1+x)=1.1161

x=0.1161=11.61%

So she must achieve about 11.61 %

4 0
3 years ago
Which of the following is a variable expense?
Neporo4naja [7]

Answer:

car insurance

Explanation:

6 0
2 years ago
Read 2 more answers
Ritchie orders 1000 widgets from Cunningham Widget Co. The widgets are stored in Al's Warehouse. Under the contract, CWC is requ
Aleks [24]

Answer:

when CWC gives Richie a warehouse receipt for the widgets

Explanation:

3 0
3 years ago
Blossom, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo
Crazy boy [7]

Answer:

The Journal entry with their narrations shown below:-

Explanation:

The Journal Entry is shown below:-

1. Petty cash Dr, $271

       To Cash $271

(Being establishment of petty cash fund is recorded)

2. Freight-in Expenses(delivery charges) Dr, $76

Supplies expenses Dr, $41

Postage expenses Dr, $49

Loan to employees (Accounts receivable) Dr, $33

Miscellaneous expenses Dr, $52

Cash short and over Dr, $8

         To Cash                              $259

($271 - $12)

(Being disbursement of cash is recorded)

3. Petty cash Dr,  $116

       To cash  $116

(Being increase in petty cash is recorded)

6 0
3 years ago
Other questions:
  • To take advantage of an arbitrage opportunity, an investor would 1) construct a zero-investment portfolio that will yield a sure
    6·1 answer
  • (a) (i) Define the term "Green Revolution" as used during the period 1945 to 1985. (ii) Explain the principal agricultural pract
    9·1 answer
  • A positive result from the scientific management approach is an increase in _______ productivity.
    6·2 answers
  • Select the correct answer. Which sentence best describes the main effect of the English Bill of Rights? A. It gave Parliament th
    12·1 answer
  • Junk bonds are high-risk, high-yield debt instruments. They are often used to finance leveraged buyouts and mergers, and to prov
    12·1 answer
  • Poe Company is considering the purchase of new equipment costing $80,000. The projected net cash flows are $35,000 for the first
    8·1 answer
  • You are a dual income, no kids family. You and your spouse have the following debts (total): mortgage, $290,000; auto loan, $15,
    10·1 answer
  • Prepare a Pareto chart of the possible causes for a student to fail a final examination in a university course.
    10·1 answer
  • Suppose the value of the Mexican peso depreciates relative to the US dollar. How would this benefit people in the United States
    5·1 answer
  • retail marketing strategy is based, in part, on which characteristic unique to the retail environment? multiple choice increase
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!