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
Nookie1986 [14]
2 years ago
15

Sheridan Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled

18500 and ending work in process equaled 1400 units. Sheridan had no beginning work in process inventory. Conversion costs are applied uniformly throughout production, and all materials are applied at the beginning of the process. How much is the materials cost per unit if ending work in process was 25% complete and total materials costs equaled $62900
Business
1 answer:
klemol [59]2 years ago
7 0

Answer: $3.40

Explanation:

Based on the information given in the question, the materials cost per unit will be calculated thus:

First, we'll calculate the completed units which will be:

= 18500 - 1400

= 17100

Ending inventory = 1400 units

Equivalent Production Unit with respect to Material = (17100 x 100%) + (1400 x 100%)

= 18500 Units

Material Cost Per Unit will be:

= Total Material Cost / Equivalent Production Unit

= $62900 / 18500

= $3.40 per unit

The material cost per unit is $3.40

You might be interested in
The Math department also purchased a printer. After 4 years, it will have a salvage value of $200. A new printer is expected to
Aleksandr [31]

Answer:

determine the size of payments.

$202,42

Explanation:

Expected cost              2000

Salvage value old printer 200

         Cost requirement        1800

 

FVOrdinary Annuity​=C*(1+i)n-1/i  

1800=c*(1+3%)>8-1/i  

C=202,42  

N Monthly            % VF

0 202,4214999 1,00 202,42

1 202,4214999 1,06 214,57

2 202,4214999 1,12 227,44

3 202,4214999 1,19 241,09

4 202,4214999 1,26 255,55

5 202,4214999 1,34 270,89

6 202,4214999 1,42 287,14

7 202,4214999 1,50 304,37

6 0
3 years ago
Biden Resorts Company currently has 0.2 million common shares of stock outstanding and the stock has a beta of 2.2. It also has
frutty [35]

Answer:

Hence, the weighted average cost of capital is 15.87%.

Explanation:

We have to find current weights,  

Value of equity = Shares x Share price = 0.2 x 10 = $2 million  

Face Value of Bonds FV = $1 million

Semi annual coupon P = 1 x 8% / 2 = $0.04 million

Number of coupons remaining n = 5 x 2 = 10

Semi annual yield r = 13.65% / 2 = 6.825%

Value of Debt = Px [1 - (1 + r)-n] / r + FV / (1 + r)n

= 0.04 x [1 - (1 + 0.06825)-10] / 0.06825 + 1 / (1 + 0.06825)10

= $0.8 million

Total Value = 2 + 0.8 = $2.8 million

Weight of Debt = 0.8 / 2.8 = 28.57%

Weight of Equity = 2 / 2.8 = 71.45%

Amount of Debt to be raised = Weight of debt x Capital

= 0.2857 x 7.5

= $2.14 million

Since the amount of debt to be raised is less than $2.5 million, the yield will be 13.65%  

Cost of Equity = Risk Free Rate + Beta x (Market Return - Risk Free Rate)

= 3% + 2.2 x (10 - 3)

= 18.4%

The weighted average cost of capital:-  

WACC = Weight of Debt x Cost of Debt x (1 -Tax Rate) + Weight of Equity x Cost of Equity

= 0.2857 x 13.65% x (1 - 0.3) + 0.7145 x 18.4%

= 15.87%

8 0
3 years ago
What are deficient products? products that have neither immediate appeal nor long-run benefits products that give high immediate
Lisa [10]

Answer:

Products that have neither immediate appeal nor long-run benefits

Explanation:

A product represents a bundle of utilities created by a producer to satisfy a want.

A deficient product as the name suggests, would refer to such products which are deficient in attributes that represent a customer want and the ones which fail to satisfy customer wants.

Those products who do not conform to a particular quality standard or whose performance is below par as per customer expectations would be termed as deficient products.

Sometimes, organizations deliberately create deficient products so as to induce repurchase of subsequent products depicted as improvements over the previous ones.

Such products lack current appeal and are neither expected to accrue to long term benefits.

7 0
2 years ago
Gino's Restaurant is a popular resaurant in Boston, Massachusetts. The owner of the restaurant has been trying to better underst
RideAnS [48]

The answer & explanation for this question is given in the attachment below.

 

7 0
3 years ago
On January 1, MM Co. borrows $340,000 cash from a bank and in return signs an 8% installment note for five annual payments of $8
Fiesta28 [93]

Answer:

Required 1

<u>January 1</u>

Cash $340,000 (debit)

Note Payable $340,000 (credit)

Required 2

$27,200  goes toward interest expense.

Explanation:

<u>Issuance of the Note :</u>

Assets of Cash are increasing, the Liabilities are also increasing.

<u>Payment at December 31 :</u>

The Annual Payment comprises of Capital Repayment and Interest Expense.

Prepare an amortization schedule using the details of the Note highlighted below to separate the Capital Repayment and  Interest Expense Component :

PV = $340,000

PMT = - $85,155

N = 5

i = 8%

P/yr = 1

FV = $0

Note Schedule is attached !

Download pdf
4 0
3 years ago
Other questions:
  • A company recently issued 9% preferred stock. The preferred stock sold for $40 a share with a par of $20. The cost of issuing th
    6·1 answer
  • A newspaper story on the effect of higher milk prices on the market for ice cream contained the following: "As a result [of the
    10·1 answer
  • A transaction in which things of value are traded by buyers and sellers
    5·1 answer
  • Finish this sentence... I believe car loans are
    5·1 answer
  • Mobile Device Company (MDC) discovers that defamatory statements about its policies and products are being posted in an online f
    5·1 answer
  • An automobile final assembly plant is being planned for an annual production of 150,000 cars. The plant will operate one shift,
    13·1 answer
  • recommend ways in which business can contribute some an effort to advance the well-being of others in business context in improv
    14·1 answer
  • Assignable causes:
    9·1 answer
  • Country A has great expertise in the production of planes and produces a large quantity of planes while country B has expertise
    12·1 answer
  • WHY DO THEY CALL IT GAS WHEN ITS A LIQUID?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!