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vodka [1.7K]
3 years ago
15

Department S had 600 units 74% completed in process at the beginning of the period, 8,800 units completed during the period, and

800 units 54% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories
Business
1 answer:
Liono4ka [1.6K]3 years ago
8 0

Answer:

20%

Explanation:

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ABC Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $34 Variable
adelina 88 [10]

Answer:

Contribution margin per unit= $21.6

Explanation:

Giving the following information:

Selling price per unit $34

Variable costs per unit:

Direct material $6

Direct manufacturing labor $2.40

Manufacturing overhead $0.80

Selling costs $3.20

<u>The contribution margin is calculated by deducting from the selling price all the variable components:</u>

Contribution margin per unit= selling price - total unitary variable cost

Contribution margin per unit= 34 - 6 - 2.4 - 0.8 - 3.2

Contribution margin per unit= $21.6

6 0
3 years ago
In doing aggregate planning for a firm producing paint, the aggregate planners would most likely deal with: a. Gallons, quarts,
wolverine [178]

Answer:

D. Just gallons of paint, without concern for the different colors and sizes

Explanation:

Aggregate planning is explained to be an operational activity critical to the organization as it looks to balance long-term strategic planning with short term production success.

Thus annual and quarterly plans are broken down into labor, raw material, working capital, etc. requirements over a medium-range period (6 months to 18 months). This process of working out production requirements for a medium range is called aggregate planning.

Also it is noted that a complete information is required about available production facility and raw materials.

A solid demand forecast covering the medium-range period.

7 0
3 years ago
The Cornelius Company has an ROE of 14.4 percent and a payout ratio of 30 percent. What is the company’s sustainable growth rate
Kipish [7]

Answer:

11.21%

Explanation:

Calculation for What is the company’s sustainable growth rate

Sustainable growth rate=ROE*b/1-ROE*b

Let plug in the formula

Sustainable growth rate=14.4%*(100%-30%)/1-=14.4%*(100%-30%)

Sustainable growth rate=14.4%*70%/1-14.4%*70%

Sustainable growth rate=0.1008/0.8992

Sustainable growth rate=0.11209*100

Sustainable growth rate=11.21% approximately

Therefore the Sustainable growth rate will be 11.21%

3 0
3 years ago
In the financial industry, "securitization" refers to
iren [92.7K]

<span>In the financial industry, "securitization" refers to bundling debt, such as loans, bonds and mortgages into securities. In finance, a security is a tradable asset. They are debt securities such as bonds and then there are equity securities such as stocks. Bundling debt keeps everything organized and streamlined for people to know what they need to pay down. </span>

3 0
3 years ago
The Converting Department of Tender Soft Tissue Company uses the average cost method and had 1,900 units in work in process that
bezimeni [28]

Answer:

a. The number of whole units to be accounted for and to be assigned costs for the period is 17,000 units

b. The number of equivalent units of production for the period is 16,160 units

Explanation:

a. The computation of the whole units assigned for the period is shown below:

= Units completed and transferred + ending units of work in progress

= 15,800 units + 1,200 units

= 17,000 units

b. The computation of the equivalent units are shown below:

= (Units completed and transferred × percentage of completion) + (ending units of work in progress × percentage of completion)

= 15,800 units × 100% + 1,200 units  × 30%

= 15,800 units + 360 units

= 16,160 units

5 0
3 years ago
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