1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikolay [14]
2 years ago
5

Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in proc

ess on February 1 that were 60% complete with respect to conversion costs. During the month, 10,000 units were completed. At the end of the month, 4,000 units remained in work in process that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process. The equivalent units for February for conversion costs were:
Business
1 answer:
Alekssandra [29.7K]2 years ago
6 0

Answer:

11,600 units

Explanation:

Equivalent units for conversion costs :

Equivalent units = 10,000 x 100 % + 4,000 x 40 % = 11,600

The equivalent units for February for conversion costs were: 11,600 units

You might be interested in
Bristo Corporation has sales of 1,000 units at $60 per unit. Variable expenses are 40% of the selling price. If total fixed expe
Misha Larkins [42]

Answer:

3.60

Explanation:

Given that,

Sales units = 1,000

Sales price per unit = $60

Variable expenses = 40% of the selling price

Total Fixed cost = $26,000

Contribution margin per unit:

= Selling price - Variable cost

= $60 - ($60 × 40%)

= $60 - $24

= $36

Total contribution:

= Contribution margin per unit × Sales units

= $36 × 1,000

= $36,000

Profit = Total contribution - Fixed cost

         = $36,000 - $26,000

         = $10,000

Degree of operating leverage:

= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed Expenses)

= (60,000 - 24,000) ÷ (60,000 - 24,000 - 26,000)

= 36,000 ÷ 10,000

= 3.60  

8 0
2 years ago
On June 1, Carla Vista Co. Ltd. borrows $108,000 from Acme Bank on a 6-month, $108,000, 4% note. The note matures on December 1.
evablogger [386]

Answer:

a) Journal entry

Date        Account and explanation      Debit       Credit

June 1                Cash                             $108,000  

                    Notes payable                                      $108,000

b) Adjusting entry

Date        Account and explanation      Debit       Credit

June 30      Interest expense                    $360

                    (108,000*4%*1/12)

                   Interest payable                                    $360

c) Journal entry  

Date        Account and explanation      Debit       Credit

Dec 10        Notes payable                   $108,000  

                  Interest payable (360*6)      $2,160  

                        Cash                                                  $110,160

d)  Total (interest expenses)

Interest payable = $360 * 6

= $2160

5 0
3 years ago
Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The sho
Sindrei [870]

Answer:

The EOQ is 353 units

Explanation:

The economic order quantity or EOQ is the quantoty that minimized the holding and ordering cost for invetory.

The formula for EOQ is,

EOQ = √(2*D*O) / H

Where,

  • D is the annual demand in units
  • O is the ordering cost per order
  • H is the holding cost per unit per annum

The annual demand of oil filters by Sam is,

Annual demand = 52 * 150 = 7800 filters

The EOQ for Sam Auto Shop is,

EOQ = √(2*7800*16) / 2

EOQ = 353.27 Units rounded off to 353 units

3 0
3 years ago
Consider the following accounting terms and definitions and match each term to the definition: Accounting a. an economic resourc
spayn [35]
<h2><u>Answer:  </u></h2>

<u>Accounting</u>:

The basic tool of accounting, stated as asset=liabilities + equity (e)  

<u>Asset:</u>

An economic resource that is expected to be of benefit in the future (a)

<u>Balance sheet:</u>

Reports on an entity’s assets, liabilities, and stockholders’ equity as of a specific date (I)

<u>Expense:</u>

Decreases in equity that occur in the course of selling goods/services (f)

<u>Income statement:</u>

Reports on an entity’s revenues, expenses, and net income or loss for the period (j)

<u>Liability:</u>

Debts that are owed to creditors (b)

<u>Net income:</u>

Excess of total revenues over total expense (d)

<u>Net loss:</u>

Excess of total expense over total revenues (c)  

<u>Revenue:</u>

Increase in equity that occur in the course of selling goods/services (g)

<u>Statement of cash flow:</u>

Reports on a business’s cash receipts and cash payments during a period (h)

<u>Statement of retrained earning:</u>

Reports how the company’s retained earnings balance changes from the beginning to the end of the period (k)


8 0
3 years ago
Read 2 more answers
Where can I find a bomber winter jacket In flushing
ollegr [7]
I would try Amazon or Ebay.

Is this a school question?
7 0
3 years ago
Read 2 more answers
Other questions:
  • A company's total marketing communications mix consists of a special blend of advertising, sales promotion, public relations, pe
    11·1 answer
  • Approximately ________ workers each year are treated for injuries caused by lifts, jacks, or jack stands.
    6·1 answer
  • If a firm averages $2,000 in daily credit sales and offers 60-day terms, the average accounts receivable balance will be $120,00
    8·1 answer
  • Michael has written an e-mail to his employees that describes a new product special that will be introduced to the
    6·2 answers
  • Just before the Persian Gulf War, suppliers of gasoline held back the supply of gasoline they were willing to sell. This action
    10·1 answer
  • Business application software programs make it possible to:
    7·1 answer
  • Compensation, recognition, and status are common ______ in the workplace.
    7·1 answer
  • The following information is available from the records of a manufacturing company that applies factory overhead based on direct
    11·1 answer
  • Christian Company manufactures a part for its production cycle. The annual costs per unit for 5,000 units of the part are as fol
    11·2 answers
  • The inventory of Royal Decking consisted of five products. Information about ending inventory is as follows:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!