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goldenfox [79]
3 years ago
8

A1 Co. has a process costing system. All materials are added when the process is first begun. At the beginning of May, there wer

e no units of product in process. During May, 67,000 units were started; 6,700 of these were still in process at the end of May and were 60% finished in terms of conversion. The equivalent units for material in May were:
Business
1 answer:
4vir4ik [10]3 years ago
3 0

Answer:

Total equivalent units of materials =67,000 units

Explanation:

Equivalent unit is computed as follows:

Equivalent units =Degree of completion × units of inventory

Fully worked = 67,000-6,700= 60,300

Closing inventory   = 6,700

<em>Item                                               Equivalent unit</em>

Fully worked     100%× 60,300=  60,300 units

Closing inventory =  100%× 6,700=<u> 6,700</u> units

Total equivalent units                       67,000 units

<em>Note that we used 100% as the degree of completion for materials because materials  required are always added at the beginning of the process</em>

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Answer:

As a risk minimizer : Stock A  has the lowest standard deviation, thus, it should be chosen, if it is to be held in isolation . Also stock B  has the lowest beta, thus,it should be chosen, if it is to be held as part of a well - diversified portfolio.

The answer is A and B respectively

Explanation:

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When you see in isolation, relevant risk would be the standard deviation.

Therefore, as a risk minimizer : Stock A  has the lowest standard deviation, thus, it should be chosen, if it is to be held in isolation . Also stock B  has the lowest beta, thus,it should be chosen, if it is to be held as part of a well - diversified portfolio.

6 0
3 years ago
A cost estimation tool which is used to allocate money into an organization’s budget is known as a _____ estimate. a. ballpark b
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Answer:

  B. Budgetary.

Explanation:

  They are used to do that because the range of variance could be from -10% to +20%.

  Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.

  I hope this answer helps you.

5 0
3 years ago
Read 2 more answers
Amsterdam Company uses a periodic inventory system. For April, when the company sold 700 units, the following information is ava
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Explanation:

Weighted Average cost per unit = 15,200/1000

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Ending inventory (400 × 15.2)

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8 0
3 years ago
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These arise out of the <u>legal</u> environment of business.

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A manager is a person who is responsible for controlling and managing the operation of the organization. The manager organizes, plans and directs the staffs in his organization. He is responsible for effective running of the organization.

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3 years ago
Use a T-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of
larisa86 [58]

Answer:

The amount of cash paid to suppliers of merchandise during the reporting period is $31

Explanation:

Inventory beginning balance is $90, ending balance is $93

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Using T accounts: Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.

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