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3 years ago

The Blending Department of Luongo Company has the following cost and production data for the month of April.

Business

1 answer:

Readme [11.4K]3 years ago

8 0

Answer:

(1) materials = 19,980 units , (2) conversion costs = 19,314 units

Explanation:

Equivalent units are physical units of output expressed as a percentage on work or inputs applied to them.

Here, I have calculated the equivalent units using the weighted average cost method.

Calculation of equivalent units of production for the month of April.

(1) materials

Ending Work in Process (100% x 1,110 units) = 1,110 units

Completed and transferred (100% x 18,870 units) = 18,870 units

Equivalent units of production for materials = 19,980 units

(2) conversion costs for the month of April.

Ending Work in Process (40% x 1,110 units) = 444 units

Completed and transferred (100% x 18,870 units) = 18,870 units

Equivalent units of production for conversion costs = 19,314 units

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Answer:

A gain of $2, 500 will be reported on the income statement.

Explanation:

When a bond is issued at par it means that there are no discounts or bond premium. Rather the bonds that are issued at par will be sold at face value.

This means that the bond's contract and market rates are equal.

Therefore in this scenario one fifth of the bond was sold at $97,500.

Value of the bond is $500,000, so the market value of portion of bond sold is:

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Profit made = 100,000 - 97,500= $2,500 gain

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3 years ago

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Donna is lacking motivation.

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3 years ago

A can of soda costs $1.75 in the United States and 42 pesos in Mexico. Assume purchasing-power parity holds. The peso-dollar exc

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Answer:

a. 24 pesos / dollar.

b. 48 pesos / dollar.

Explanation:

a. Peso dollar exchange rate = P peso / P dollar = 42 pesos / $1.75 = 24 pesos / dollar.

Now, considering the double prices.

b. Peso dollar exchange rate = P peso / P dollar = 84 pesos / $1.75 = 48 pesos / dollar.

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3 years ago

As a new supervisor, you need to introduce yourself to your team of ten employees. the best medium for this type of non-routine

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The answer to this question is that the best medium would be a face to face meeting. A face to face meeting is a meeting where in group of people are being held in a specific meeting room to meet and discuss a specific agenda. Face to face meetings are said to be the best type of meeting because this ensures engagement and it is more efficient.

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3 years ago

If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of

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Answer:

Correct answer is B, $2,500

Explanation:

To get profit, First, deduct variable cost from sales for the period to get the contribution margin. Finally, Deduct fixed cost from contibution margin to get the profit for the period.

Computation would be:

Sales (1,000 x 7) $7,000

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Contribution margin $4,000

Less: Fixed cost (1,000 x 1.5) $1,500

Profit $2,500

*It can also be done by deducting variable cost from the selling price to get the unit contribution margin then deduct the fixed cost from the unit contribution margin and from it multiply the output sold to get the profit.

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3 years ago