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3 years ago

Pablo Company calculates the cost for an equivalent unit of production using costing.

Business

1 answer:

mezya [45]3 years ago

7 0

Answer:

$5.275 & $5.40

Explanation:

According to the scenario, computation of the given data are as follows:

Weighted Average Method :

Units Physical Direct Conversion

Completed & transferred 70,000 70,000 70,000

Ending WIP 30,000 30,000 24,000

( 30,000 × 80%)

Equivalent production Unit 100,000 100,000 94,000

So, Cost per equivalent unit under weighted average method can be calculated as:

Direct material Conversion Total cost

$1.825 $3.45 $5.275

(60,000 + 122,500) (25000+299300)

= (182,500 ÷ 100.000) =(324300 ÷ 94,000)

FIFO Method

Units Physical Direct Conversion

Beginning WIP 30,000 0 18,000

(30,000 × 0%) (30,000 × 60%)

Started & completed 40,000 40,000 40,000

Ending WIP 30,000 30,000 24,000

(30,000 × 80%)

Equivalent production Unit 100,000 70,000 82,000

So, Cost per equivalent unit under FIFO method can be calculated as:

Direct material Conversion Total cost

$1.75 $3.65 $5.40

(122,500 ÷ 70,000) (299,300 ÷ 82,000)

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Mark the boxes that are TRUE. 1. One of the largest divestitures in American history occurred when the U.S. Government ruled tha

Umnica [9.8K]

Answer:

1. One of the largest divestitures in American history occurred when the U.S. Government ruled that the AT & T ® Corporation was a monopoly that must be divided so that the telephone market might be more competitive.

TRUE

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Explanation:

TRUE

2. The Federal Aviation Administration regulates the airlines.

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3. The Federal Newspaper Association regulates the free speech in newspapers.

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5. The Federal Reserve Board regulates the postal system.

FALSE

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3 years ago

Piper Technology's fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130. What is the

sweet-ann [11.9K]

Answer:

141,667 units

Explanation:

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

As such, the net operating income/loss is the difference between the sales and the total costs .

Let the amount of sales in units be y then,

250y - 130y - 1,500,000 = 200,000

120y = 1,700,000

y = 1700000/12

= 141,667 units

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3 years ago

Coral Music manufactures harmonicas. Coral uses standard costs to judge performance. Recently, a clerk mistakenly threw away so

jeka57 [31]

Answer:

Explanation:

std rate $9.00

actual rate $8.50

standard hours 5,200

Total variance: 390 Favorable

Rate variance:

$(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance$

Efficiency

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

Total:

rate + efficiency

$(standard\:rate-actual\:rate) \times actual \: hours + (standard\:hours-actual\:hours) \times standard \: rate = 390$

We plug our know values and solve:

$(9 - 8.5) \times actual \: hours + (5,200-actual\:hours) \times 9 = 390$

0.5actual hours + 46,800 - 9actual hours = 390

46,800 - 390 = 8.5 actual hours

46,410/8.5 = actual hours = 5,460

now we calculate each variance:

rate: 2,730

$(9-8.5) \times 5,460 = DL \: rate \: variance$

efficiency (2,340)

$(5,200-5,460) \times 9 = DL \: efficiency \: variance$

8 0

3 years ago

A nation has a population of 260 million people. Of these, 60 million are retired, in the military, in institutions, or under 16

aleksley [76]

Answer: 6%

Explanation:

Total population= 260 million.

Dependent population= 60 million

Employed population= 188 million

Unemployed population= 12 million

Total Labour Force= employed population + unemployed population

= 188 million + 12 million

= 200 million

Therefore total labor force= 200 million

Unemployment rate= unemployed people/ Total Labour Force×100

= 12 million/200 million×100

=0.06× 100

=6%

Unemployment rate= 6%

6 0

3 years ago

Salon Products recently introduced a new all-natural shampoo. Logan, director of new product development, has just reviewed the

diamong [38]

Answer:

Acknowledge the team for their effort.

Explanation:

By acknowledging the effort of the team that worked on the shampoo, the members of the team are encouraged and motivate, knowing that their efforts are accepted. After so doing, Logan can now tell the team about the dismal results which isn't supposed to have happened and the motivation earlier would have let the team members open to innovation.

Cheers.

3 0

3 years ago