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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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Answer:

The disadvantage of using range is:

Explanation:

It not measure the spread of the majority of values in a data set (only measures the spread between highest and lowest values).

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Leary Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $115,000. As a resu
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Answer:

B. Leary's total stockholders' equity decreased $115,000.

Explanation:

When a company purchases its previously issued stocks, this is called Treasury Stocks. These becomes stocks issued but not part of the outstanding stocks and are not included in the computation of Earnings Per Share. When Treasury Stock is presented in the Stockholder's Section of the Balance Sheet, this is deducted from the total Stockholder's Equity, notwithstanding the par value of the common stock.

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3 years ago
Another bank is also offering favorable terms, so Rahul decides to take a loan of $22,000 from this bank. He signs the loan cont
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Answer:

total amount that owes the bank at the end of the loan is $22897.74

Explanation:

given data

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solution

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Amount at the end of loan tenure = Amount borrowed × FVf at 0.02192%

Amount at the end of loan tenure = $22,000  × 1.040886

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4 years ago
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Answer:

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4 years ago
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