Answer:
None of the answer is correct.
Explanation:
When Marvin purchase stock in March 2020 at a price of $28. The exercise price for the stock is $20. When Marvin will sell the stock at the exercise price he will gain on the sale of the stock. AMT is the difference or spread between the stock exercise price and its underlying fair market value.
Answer:
D. $2.30
Explanation:
The calculation of the cost per equivalent unit for direct material is given below:
= Total material cost ÷ Equivalent unit of materials
where,
Total material cost is $4,100
And, the equivalent unit of material is
= Units transferred out + ending work in process units
= 1,600 + 180
= 1,780
The units transferred out is come from
= Beginning units + started units - ending units
= 290 units + 1,490 units - 180 units
= 1,600 units
Therefore, the cost per equivalent for direct material is
= $4,100 ÷ 1,780 units
= $2.30
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