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Romashka [77]
3 years ago
12

Equivalent Units of Materials Cost The Filling Department of Eve Cosmetics Company had 4,200 ounces in beginning work in process

inventory (40% complete). During the period, 70,400 ounces were completed. The ending work in process inventory was 3,500 ounces (20% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process
Business
1 answer:
marysya [2.9K]3 years ago
6 0

Answer:

71,100 units

Explanation:

I assume this question is using the Weighted Average Cost Method.

When using the Weighted Average Costs Method, we are interested in the output units. That is where we get the equivalent units.

Calculation of Equivalent Units for direct materials :

Completed and transferred (70,400 × 100%)    = 70,400

Ending Work In Process (3,500 × 20%)             =      700

Total Equivalent Units for direct materials        =   71,100

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What do organisations need to consider when implementing best practice performance management systems?
kolbaska11 [484]

Answer:

Remember that performance review is NOT performance management. ...

Identify the purpose of managing performance. ...

Clarify the work to be done. ...

Set goals and establish a performance plan. ...

Conduct regular and frequent coaching. ...

Conduct a formal review of performance.

Explanation:

YOU COULD'VE JUST LOOKED IT UPPPPP AHAHAHHABHADGHVDBGVFHJF

7 0
3 years ago
Rex became a partner with a 30% interest in the partnership profits when he invested $200,000. In 2019, the partnership generate
avanturin [10]

Answer:

The Rex’s gross income from the partnership in 2019 and 2020 is $1,20,000 and $1,80,000 respectively

Explanation:

The computation of the gross income for each year is shown below:

In 2019:

Gross income = Taxable income × percentage of interest in profits

                       = $400,000 × 30%

                       = $1,20,000

In 2020:

Gross income = Taxable income × percentage of interest in profits

                       = $600,000 × 30%

                       = $1,80,000

The withdrawn amount is not consider for computing the gross income. So, we ignored it

8 0
3 years ago
The NYSE does not exist as a physical location. Rather it represents a loose collection of dealers who trade stock electronicall
Alex

Answer: Capital market instruments include both long-term debt and common stocks.

Explanation:

Asking the options given, the option that is correct is that Capital market instruments include both long-term debt and common stocks.

The capital market refers to s financial market whereby equity backed securities and long-term debt can be purchased and sold. The capital different is different from the money market which ideally deals with short-term debt.

In the capital market, the buyers and the sellers engage in financial securities such as stocks, bonds, stocks, etc.

6 0
2 years ago
In previous years, Cox Transport reacquired 2 million treasury shares at $22 per share and, later, 1 million treasury shares at
Hoochie [10]

Answer:

24 million shares  ; $16 million

Explanation:

The computation of the weightage number of treasury shares are shown below:

             Number of shares       Price       Total

                   2                              $22         $44 million

                   1                               $28         $28 million

Total           3                                               $72 million

So, the weighted average number of shares would be

= $72 ÷ 3 = 24 million shares

Now the journal entry would be

Cash A/c Dr $64 million                  (2 million treasury shares × $32)

          To Paid in capital - share repurchase A/c $16 million

          To Treasury stock $48 million    (24 million treasury shares × $2)

(Being the treasury shares are sold)

4 0
3 years ago
Which management assertion is usually most relevant for liability accounts? 1. Completeness. 2. Existence.3. Rights and obligati
katovenus [111]

Answer:

The right answer is 3. Rights and obligations.

Explanation:

Liability accounts include all those financial obligations that a company has with suppliers, accounts payable, taxes, among others.

8 0
3 years ago
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