Interim financial statements:

Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of

sukhopar [10]

Answer:

$10,500 units

Explanation:

Calculation of equivalent units of production for conversion cost

First step is to find the Units started and completed during the period using this formula

Units started and completed during the period = Units transferred to the next processing department- Beginning inventory in the mixing department units

Let plug in the formula

Units started and completed during the period = = 12,000 - 6,000

Units started and completed during the period = = 6,000

Second step is to find the Equivalent units of production

Equivalent units of production=6,000 * 25% + 6,000*100% + 5,000*60%

Equivalent units of production=1,500+6,000+3,000

Equivalent units of production=10,500 units

Therefore the equivalent units of production for conversion cost will be $10,500 units

4 0

3 years ago

In the second week of December, Security First agreed to provide 30 days of consulting services to a local fitness club for a fi

Ronch [10]

Answer:

Security First

Debit Accounts Receivable $2,760

Credit Consulting Revenue $2,760

To record the accrued revenue for consulting services.

Explanation:

a) Data and Calculations:

Value of a consulting services contract = $4,140

Period of services = December 12 to January 10

Payment date = January 10

The fee will be divided by 30 days with 20 days' apportioned to the current year while 10 days' will be apportioned to the following year, thus:

Current year's revenue = $4,140 * 20/30 = $2,760

Next year's revenue = $4,140 * 10/30 = $1,380

Therefore, the unadjusted balance in Consulting Revenue will increase by $2,760 with the corresponding debit entry in the accounts receivable account.

4 0

3 years ago

Required:

olga55 [171]

Answer:

Find below the variables missing from the question:

Selected sales and operating data for three divisions of different structural engineering firms are given as follows :

Division A Division B Division C

Sales $5,800,000 $9,800,000 $8,900,000

Average operating assets $1,450,000 $4,900,000 $2,225,000

Net operating income $284,200 $872,200 $191,350

Minimum required rate of return 18.00% 17.80% 15.00%

On the basis on return on investment Division A is preferred

On the basis of residual income Division A is also preferred

Explanation:

Return on investment is the net operating income compared to the average operating assets in the year:

Division A return on investment=$284,200/$1,450,000=19.6%

Division B return on investment=$872,200/$4,900,000=17.8%

Division C return on investment=$191,350/$2,225,000 =8.60%

Residual income=net operating income-(required rate of return*average operating assets

Division A residual income=$284,200-(18%*$1,450,000)=$23200

Division B residual income=$872,200-(17.80%*$4,900,000)=$0

Division C residual income=$191,350-(15%*$2,225,000)=$=$191,350-(15%*$2,225,000)

4 0

3 years ago

Using a _____ strategy, knowledgeable users can be selected who then conduct sessions for others.

umka2103 [35]

Using a <u>train the trainer</u> strategy, knowledgeable users can be selected who then conduct sessions for others.

The train-the-trainer version is a training strategy that turns personnel into subject-depend specialists who can then educate other participants of your enterprise or agency. For instance, a set of personnel is educated on new protection methods, harassment prevention, or how to facilitate effective crew conferences.

Train-the-trainer is a framework for training ability instructors or challenging dependent professionals to enable them to educate other people about their firms.

A train the trainer program is set education new and green instructors. once in a while, educate the trainer periods are suitable for existing teachers as nicely. These courses cover the first-rate way to deliver education materials to different corporations of newbies.

Learn more about training here brainly.com/question/26270137

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7 0

1 year ago

which type of services offer tangible components along with the service component? which type of services offer tangible compone

lukranit [14]

The offer tangible components along with the service component is end product services. The correct option is (a).

<h3>What do you mean by the end product services?</h3>

End product services are those that provide tangible components in addition to the service component. For instance, in restaurants, there is food and a dining service.

A service business is one in which the buyer's perception of the value of the offering is mostly based on the services rendered to him rather than the products made available. All intangible services offered to the customer fall under this category.

Pure Services: Services that provide clients with extremely few or no tangible products, such as consulting, storage, training/education, etc.

Therefore, the offer tangible components along with the service component is end product services.

To know more about the end product services, visit:

brainly.com/question/17218280

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7 0

1 year ago