Answer and Explanation:
1. Unit Cost for June = Total Cost/ Equivalent Units of output
= 174,000/75,000
= $2.32 per unit
2. Cost of Ending Work in Progress = Cost per unit * Ending WIP
= 2.32 * 21,600
= $50,112
Cost of goods transferred out = Cost per unit * Units completed
= 2.32 * 53,400
= $123,888
3. By using the Weighted Average method for calculating cost, May costs will also be reflected in the cost figures. In May, the measures to reduce cost had not been implemented so the costs were still higher than anticipated for June. They will therefore pull the June costs upward such that the cost reductions will not show up in June.
This can be overcome by using a method that would reflect the cost of June alone.
Answer: A. The answer cannot be ascertained without additional information.
Explanation:
There are different reasons that could explain why the price of the HP Printers would reduce abroad but not in this country. HP could be producing computers abroad for instance and this country charges import duties when HP imports but import duties are not charged abroad.
There also could be a difference in currency value and standard of living influencing how HP prices its goods abroad as well as other factors. More details would therefore be needed to answer this question.
Answer:
Explanation:
Total asset turnover = Sales/total assets
3.2= 14000000/Total assets
Total assets = 4375000
E/A = 1-D/A = 1-0.45 = 0.55
Equity = E/A*assets = 0.55*4375000=2406250
Net income = (EBIT-interest)*(1-tax rate)
=(1344000-546000)*(1-0.25)=598500
ROE = Net income/total equity
ROE% = 598500/2406250=0.248
ROE% = 24.8
Answer:
Impact of Business on Society
At the end of my career, I would like people to say that I have increased the opportunities for society to achieve sustainable survival.
Explanation:
This implies that I will ensure that my business community enjoys more of the positive impact that businesses can make in improving the society. To achieve this, I will ensure that my business operates in a sustainable, eco-friendly environment and engages in practices that promote such enabling environment. I will promote restraint in the use of ozone-depleting chemicals and advocate for renewal energy. I will promote green environments for my business and the community where it is located.
Answer:
A variance is favorable when the actual costs or actual quantity were lower than estimated.
Explanation:
<u>We weren't provided with enough information to calculate each variance. I will provide with the formulas.</u>
Variable manufacturing overhead rate (cost) variance= (standard rate - actual rate)* actual quantity
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Fixed overhead spending variance= (actual fixed overhead costs - allocated fixed overhead)
Manufacturing overhead volume variance= (Estimated manufacturing overhead rate*budgeted allocation base) - (Estimated manufacturing overhead rate* Actual amount of allocation base)
A variance is favorable when the actual costs or actual quantity were lower than estimated.