Answer:
$118,209
Explanation:
Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.
It is assumed that unit in work in process at the end of the period is incomplete in every aspect.
According to this method the equivalent units formula is as follow
Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage
Equivalent Units = 5,000 + 600 x 50% = 5,300 units
Total Cost = ( 5,300 x $10 ) + (38,280 + 30,620) x 5,300/5600 = $53,000 + $65,209 = $118,209
Note:
There is some inconsistency between the material cost and the total units. Material cost is calculated using 1,600 units and total numbers of units are 5,600. I took 5,600 units and calculated the costs.
Answer: 1,425.2 units
Explanation:
Recorder point
:
Lead time = 4 weeks
Expected demand during this time is
= No. of weeks × Weekly demand
= 4 × 273
= 1,092 units
Standard Deviation = 95 units
Standard Deviation for the 4 week period is:
= 170 units
At the 95% probability level, the z-score is 1.96 (From the Z- table)
Safety Stock = Z-value × Standard Deviation for the 4 week
= 1.96 × 170 units
= 333.2 units
Recorder point = Safety stock + expected demand during the time period so,
= 333.2 units + 1,092 units
= 1,425.2 units
Answer:
Growth rate of GDP from 2010 to 2011 = 7.0%
Explanation:
The percentage rate of change (R.C) formula is:
R.C= ((Final value-Initial value)/ Initial value)*100
In this case the initial value corresponds to the GDP in 2010 and the final value corresponds to the GDP in 2011, if we apply the formula:
Rate of change (GDP) = (($11,934-$11,150)/ $11,150)*100
Rate of change (GDP) = 7.0%
Answer:
d) There is no cash flow
Explanation:
There is no cash flow because a stock dividend refers to a dividend that is paid by issuing additional shares to shareholders of a company instead of paying them a cash dividend.
Therefore, there is no cash flow since no cash is received nor paid.
Note: To record stock dividends, the amounts is moved from retained earnings to paid-in capital; and the evidence that no cash is received nor paid is that the journal entries for the issue of stock dividend will be as follows:
Debit Retained for $12,000 (i.e. 1,000 * $12 = $12,000)
Credit Common Stock for $10,000 (i.e. 1,000 - $10 = $10,000)
Credit Additional Paid-In Capital in Excess of Par - Common Stock for $2,000 ($12,000 - $10,000)
