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Varvara68 [4.7K]
3 years ago
9

Costs from Beginning Inventory Costs from Current Period

Business
1 answer:
Alex3 years ago
5 0

Answer:

$30.59

Explanation:

<em>Note that the FIFO method is used for this question</em>

Equivalent Units

Materials =  5,200 x 100 % + 300 x 100 % = 5,500

Conversion Costs = 400 x 55 % + 5,200 x 100 % + 300 x 35 % = 5,525

Total Costs

Materials =  $25,200

Conversion Costs = $143,700

Cost per Equivalent unit

Materials =  $25,200/5,500 =  $4.58

Conversion Costs = $143,700/5,525 = $26.01

Total Cost = $4.58 + $26.01 = $30.59

<u>Conclusion</u>

The cost of completing a unit during the current period was $30.59

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When a firm has flotation costs equal to 6.8 percent of the funding need, project analysts should:?
Akimi4 [234]
When a firm has flotation costs equal to 6.8 percent of the funding need, project analysts should increase the initial project cost by dividing that cost by (1-0.068). The flotation cost is the cost which emerge when a corporation gather its fund by issuing new securities. Underwriting fees, legal fees, registration fees are the common fees that will increase corporate's expense when they issue securities. Therefore, we can consider those fees as a flotation cost.
3 0
3 years ago
Bed &amp; Bath, a retailing company, has two departments, Hardware and Linens. The company's most recent monthly contribution fo
Dafna1 [17]

For this problem, we are required to calculate the net operating income.

In order to answer the question, we will first calculate the impact of the changes on the Hardware department. Then we will add the remaining fixed costs that are currently charged to Linens that will continue.

To calculate net operating income, subtract operating expenses from the revenue generated by a property. Revenue from real Hardware department estate includes rental income, parking fees, service changes, vending machines, laundry machines, and so on.

Net income, also known as the bottom line, Hardware department indicates a business's profitability. It shows how much profit is left from revenue after accounting for expenses and liabilities. Net income is profit that can be distributed to business owners or shareholders or invested in business growth.

A corporation's positive net income causes an increase in the retained earnings, which is part of stockholders' equity. A net loss will cause a decrease in retained earnings and stockholders' equity.

learn more about Hardware department: brainly.com/question/27803497

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6 0
1 year ago
When Bill's Diner moves from the production combination of 35 burgers and 25 hotdogs to the combination of 25 burgers and 65 hot
Aleonysh [2.5K]

Answer:

<h2>In the context of Consumer Theory or Indifference Curve involving two goods,the opportunity of any one good is computed by how much of the other good is foregone or sacrificed to purchase one more unit of that particular good.</h2>

Explanation:

  • In this instance,when Bill's diner consumes 35 burgers and 25 hotdogs,its opportunity cost of additional hot dog=\frac{35}{25} =\frac{7}{5}=1.4.Therefore,initially Bill diner's opportunity cost of an additional hot dog is 1.4 units of burger.
  • Now,when Bill's diner chooses to consume a combination of 25 burgers and 65 hot dogs,its opportunity cost of additional hot dogs=\frac{25}{65} =\frac{5}{13} =0.385 approximately.Hence,Bill's diner is willing to sacrifice approximately 0.385 units of burger to consume an additional unit of hot dog.
  • Now,due to the change in consumption combination,the change in opportunity cost of additional hot dog=(1.4-0.385)=1.015 units of burger.Notice,that here the opportunity cost of additional hot dog decreased from 1.4 units of burger to 0.385 units of burger as Bill's diner changed the consumption combination of both burgers and hot dogs.
7 0
3 years ago
Orange Co. is a manufacturer and Pineapple Company is a merchandiser. What is the difference in the budgets the two entities wil
Irina-Kira [14]

Answer:

Orange Co.'s budget will include the cost of production, which is made up of raw materials, direct labor, and manufacturing overhead.  The above cost of production and the accompanying items will not be found in the budget of Pineapple Company.  The latter's budget will focus on purchase of goods for sale (instead of raw materials) and inventories of finished goods (instead of raw materials and work in process).  Orange Co. determines its product cost per unit from the cost of production divided by the quantity produced.  Pineapple Company's product cost is based on the purchase price of goods, which includes the manufacturer's profit.

Explanation:

The operations and accounting for the cost of production of Orange Co. will be different from Pineapple Company's.  The difference is a reflection of their statuses as manufacturer and merchandiser respectively.  Orange Co. manufactures and sells goods while Pineapple Company sell manufactured goods.

8 0
3 years ago
a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250
BlackZzzverrR [31]

Answer:

since there is not enough room here I used an excel spreadsheet

Explanation:

Download pdf
6 0
3 years ago
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