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vodka [1.7K]
3 years ago
9

The material cost per equivalent unit using the weighted average costing method is calculated as a.total material costs to accou

nt for divided by equivalent units for materials. b.total material costs to account for divided by number of partially completed units for materials
Business
1 answer:
denis-greek [22]3 years ago
7 0

Answer:

total material costs to account for/equivalent units for materials

Explanation:

The formula to calculate the material cost per equivalent unit is given below:

= Total material cost ÷ material equivalent units

It means that if we divide the total material cost by the material equivalent unit so we can ge the material cost per equivalent unit

Hence, the above should be the answer

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Which of the following examples describes a retailer adding value in a
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I think it A . An office-supply store keeps cartons of paper safely stored on
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A bond with a face value of $ 90000 and a quoted price of 104 has a selling price​ of: (Round your final answer to the nearest​
Alecsey [184]

Answer:

A. $93,600

Explanation:

Data provided as per the question below:-

Face value = $90,000

Quoted price = 104

The computation of selling price is shown below:-

Selling Price = Face value × Quoted price ÷ 100

= $90,000 × 104 ÷ 100

= $90,000 × 1.04

= $93,600

Therefore for computing the selling price we simply applied the above formula.

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3 years ago
If a material conducts heat easily, its a good _____.
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conductor

hope this helps :)

4 0
3 years ago
Read 2 more answers
Rogers, Inc., acquires 15% of Procter Corporation on January 1, 2020, for $70,000. During 2020, Procter reported net income of $
ioda

Answer:

a) <u>Investment Value as at December 31, 2020 / Jan 1, 2021        $64,000</u>

<u>b) Value of Equity Investment Dec 31, 2021                                 $491, 000</u>

Explanation:

First Part is to calculate the January 1, 2021 entry to adjust the Equity account based on additional acquisition on that date

It should be noted that the investment balance as at 31st December 2020, will also be the value of the investment balance for the start of the next year January 1st 2021.

Therefore,

Step 1: Calculate the Investment Balance as at 31st Dec, 2020

Acquisition Cost of 15% Investment (Procter Corporation Jan 1)   $70,000

Subtract: The dividend received 31st Dec, 2020 ($40,000 x .15)    <u>($6,000)</u>

<u>Investment Value as at December 31, 2020                                     $64,000</u>

Step 2: Calculate the Investment Gain (Equity Investment)

The formula= Market value of Equity (year end) - Carrying Value (calculated in step 1)

= $68,000 - $64,000

= $4,000

Step 3: The journal entry to adjust the equity investment account

Date                   Particulars                               Debit                       Credit

Dec, 31, 2020     Equity Investment                 $4,000

                                Gain Unrealized on Equity Investment            $4,000

being the journal record adjusting equity investment at the time of new acquisition

Part B: Balance of the Equity Investment Account Dec 31, 2021

The value of the Investment as at 31, Dec, 2020              $64,000

Add: The additional investment in Procter (Jan 1, 2021)   $310,000

Add: Net Income Share for Rogers (45% x $300,000)      $135,000

(45% because the initial 15% and the 30% additional)

Subtract: Dividend received (45% x $40,000)                   <u>  ($18,000)</u>

<u>Value of Equity Investment Dec 31, 2021                           $491, 000</u>

7 0
3 years ago
Stacy purchased a stock last year and sold it today for $4 a share more than her purchase price. She received a total of $1.15 p
dusya [7]

Answer: B. The capital gains yield is positive.

Explanation:

The Capital Gains Yield is a percentage figure that tells how much an investment has increased in price from it's acquisition.

It works by taking the new value and dividing it by the original value.

Using Stacy as an example, the Stock increased by $4 so assuming she bought the stock for even $0.1 then her Capital Yield is,

= 4/0.1

= 40 * 100%

= 4000% which is positive

As long as the stock was sold for more than it was bought, Capital Yield Gain is positive.

7 0
4 years ago
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