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navik [9.2K]
2 years ago
12

Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s Mixing Departme

nt for the month of December. Materials Conversion Work in process, December 1 $ 8,130 $ 9,128 Cost added to production in the Mixing Department during December $ 226,500 $ 284,232 Equivalent units of production for December 9,900 9,400 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)
Business
1 answer:
artcher [175]2 years ago
8 0

Answer:

                     Statement of Cost per equivalent unit

Particulars                                                 Materials        Conversion

Cost of beginning work in process           $8,130             $9,128

Add: Costs added during the month        <u>$226,500</u>        <u>$284,232</u>

Total cost A                                                 $234,630       $293,360

Number of equivalent units B                    <u>   9,900   </u>        <u>   9,400   </u>

Cost per equivalent unit (A/B)                  <u>$23.70     </u>       <u>$31.21      </u>

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Based on the amount that Ramirez guaranteed the lessor and the estimated residual value, the amount to be added to the right-of-use asset is $1,434.33.

<h3>What amount should be added to the right-of-use asset?</h3>

This would be the present value of the difference between the guaranteed amount and the estimated residual value.

= 42,300 - 40,200

= $2,100

Present value:

= 2,100 / (1 + 10%)⁴

= 1,434.328

= $1,434.33

In conclusion, the right-of-use asset amount to be added is $1,434.33.

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5 0
2 years ago
Micromedia company offers computer training seminars on a variety of topics. In the seminars each student works at a personal co
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Answer:

the break-even quantity is 18 students

Explanation:

Break Even point is when a firm neither makes a profit nor a loss

Break Even = Fixed Costs/Contribution per Unit

                   = $4800/($300-$30)

                   = 17.77777778

                   = 18 students

Please note that, the cost for the conference room, instructor compensation, lab assistants, and promotion is $4800 represents a fixed cost as this does not vary with the number of students taking the training seminars.

3 0
3 years ago
What are products called that are special or different from those grown as commodities?
dybincka [34]

Answer:

unique prroducts

Explanation:

A product is a commodity when all units of production are identical, regardless of who produces them. However, to be a differentiated product, a company's product is different than those of its competitors. On the continuum between commodities and differentiated products are many degrees and combinations of the two.

6 0
3 years ago
Colt Carriage Company offers guided​ horse-drawn carriage rides through historic Charleston comma South Carolina. The carriage b
chubhunter [2.5K]

Answer:

1) Colt Carriage Company

Income Statement

For the month ended April 202x

Revenues:

  • Adults passengers $186,300
  • Children $81,000                      
  • Total revenues                                       $267,300

Variable costs:

  • City fees $26,730
  • Souvenirs $7,425
  • Brokerage fees $11,340
  • Carriage drivers $52,650
  • Total variable costs                                  <u>$98,145</u>

Contribution margin                                        $169,155

Period costs:

  • Depreciation $2,900
  • Horse leases $48,000
  • Marketing expenses $7,350
  • Payroll expenses $7,600
  • Total period costs                                  <u>$65,850</u>

Operating profit                                             $103,305

2) If the total amount of passengers increase by 10%, then all variable costs will increase by 10% except brokerage fees which would increase only by 6%. Revenues should also increase by 10%. Period costs should not change.

Contribution margin should increase by 10.29% and operating profit would increase by 16.81%.

Explanation:

since the information is not complete, I looked it up:

Revenues

13,500 passengers:

8,100 x $23 = $186,300

5,400 x $15 = $81,000

total $267,300

variable costs:

fees paid to the city 10% of total revenue

souvenirs $0.55 per passenger

brokerage fees 60% of total tickets x $1.40

carriage drivers $3.90 per passenger

fixed costs:

depreciation $2,900

horse leases $48,000

marketing expenses $7,350

payroll expenses $7,600

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I need help on this question!! <br> Please help!!!
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Answer: Changes in production and demand

Explanation:

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