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arlik [135]
3 years ago
12

Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year a

re as follows: Drawing Department Winding Department Work in process, November 1 6,000 units, 50% completed 2,200 units, 70% completed Completed and transferred to next processing department during November 82,200 units 81,400 units Work in process, November 30 4,600 units, 65% completed 3,000 units, 25% completed a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for the Drawing Department. If an amount is zero, enter in "0".
Business
1 answer:
ser-zykov [4K]3 years ago
8 0

Answer and Explanation:

As per the data given in the question,

Calculation for direct material and equivalent conversion is presented below:

Particulars                           Materials                                Conversion cost

      Units (a)        % of completion (b)  Equivalent units (a ×b)     % of completion (d)   Equivalent units  (a × d)

Beginning WIP    6,000 units    0%                    0                          50%

3,000 units

Completed units  76,200 units  100%                76,200                100%

76,200 units

Ending WIP            4,600 units    100%                4,600 units         65%

2,990 units  

Total                      86,800 units                           80,800 units

82,190 units

Working notes

1. The 50% is considered as 50% is beginning work in process so the remaining would be considered

2. The 76,200 units is come from

= 82,200 units - 6,000 units

= 76,200 units

3.  And at last we total beginning WIP + completed units and ending WIP

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Answer:

FUTA tax due from the corporation is $108

 

Explanation:

The First and Second employee earned 7000 each

The Third employee earn earns 4000

Paid under State Unemployment Tax by the employer is = (7000+7000+4000) x 5.40% =$972

How much FUTA tax is due from Willow Corporation for 2019?

Credit of tax paid in State Unemployment Tax is availabe for FUTA tax of 6%, thus FUTA due will be:

=(6% of 18000) - $972

=1080-972

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5 0
3 years ago
Your client has a documentary film coming out next month. They have three separate 30-second promo videos and want to identify w
dybincka [34]

To prioritize showing that ad, the type of video creative optimization to use would be dynamic creative optimization

<h3>What is Video Creative Optimization?</h3>

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2 years ago
The outstanding capital stock of Flint Corporation consists of 1,900 shares of $100 par value, 5% preferred, and 5,200 shares of
bezimeni [28]

Answer:

(a) Preferred dividend = $9,500; and Common dividend = $73,500.

(b) Preferred dividend = $28,500; and Common dividend = $54,500.

(c) Total preferred dividend = $46,022; andTotal common dividend = $36,978

Explanation:

(a) The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.)

This implies preferred shareholders are entitled only to this year's dividend. Therefore, we have:

Preferred dividend = Number of preferred shares * Preferred share par value * Dividend percentage = 1,900 * $100 * 5% = $9,500

Common dividend = Retained earnings - Preferred dividend = $83,000 - $9,500 = $73,500

(b) The preferred stock is cumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.)

This implies preferred shareholders are entitled to the previous 2 years and this year's dividends making 3 years. Therefore, we have:

Preferred dividend = Number of preferred shares * Preferred share par value * Preferred dividend percentage = 1,900 * $100 * 5% * 3 = $28,500

Common dividend = Retained earnings - Preferred dividend = $83,000 - $28,500 = $54,500

(c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.)

First-Preferred dividend for 2 years = Number of preferred shares * Preferred share par value * Dividend percentage = 1,900 * $100 * 5% * 2 = $19,000

Second-Preferred dividend for this year = Number of preferred shares * Preferred share par value * Dividend percentage = 1,900 * $100 * 5% = $9,500

Third-Common dividend = Number of common shares * Common share per value * Preferred dividend percentage = 5,200 * $50 * 5% = $13,000

Remaining payout = Retained earnings - First-Preferred dividend for 2 years - Second-Preferred dividend for this year - Third-Common dividend = $83,000 - $19,000 - $9,500 - $13,000 = $41,500

Fourth participating payout as preferred dividend = Remaining payout * (Value of preferred shares / (Value of preferred share + Value of preferred share common shares)) = $41,500 * ((1,900 * $100) / ((1,900 * $100) + (5,200 * $50))) = $17,522

Fifth participating payout as common dividend = Remaining payout * (Value of common shares / (Value of preferred share + Value of preferred share common shares)) = $41,500 * ((5,200 * $50) / ((1,900 * $100) + (5,200 * $50))) = $23,978

Total preferred dividend = First-Preferred dividend for 2 years + Second-Preferred dividend for this year + Fourth participating payout as preferred dividend = $19,000 + $9,500 + $17,522 = $46,022

Total common dividend = Third-Common dividend + Fifth participating payout as common dividend = $13,000 + $23,978 = $36,978

8 0
3 years ago
Rochelle, the CEO of a Fortune 500 company, met with business leaders fromthe local community. Afterwards, she spent time inform
snow_lady [41]

Option D

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<u>Explanation:</u>

Figurehead belongs to a character with meaningless leadership of industry but no exact power. The word figurehead is a personality with the trappings of control but not its practice.

Figurehead – As an administrator, have convivial, ritual and constitutional duties. That personality is presumed to be an origin of notion. Characters view to that one as a character with power, and as a figurehead. Figureheads steward their trios. If one requires to change or create trust in this section, begin with perception, performance, and reliability.

7 0
3 years ago
In an attempt to have funds for a down payment, Jan Carlson plans to save $3,700 a year for the next five years. With an interes
Sveta_85 [38]

Answer:

$20,857.24

Explanation:

This is an ordinary annuity question which can be solved using a financial calculator. The inputs are as follows;

Total duration of investment; N = 5

Interest rate per year; I/Y = 6%

Recurring annual payment;  PMT = 3,700

One time cashflow; PV = 0

then compute the future value of the annuity; CPT FV = 20,857.244

Therefore, Jan will have $20,857.24 as down payment in 5 years.

7 0
3 years ago
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