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
Shkiper50 [21]
3 years ago
11

During April, the production department of a process manufacturing system completed a number of units of a product and transferr

ed them to finished goods. Of these transferred units, 80,000 were in process in the production department at the beginning of April and 320,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 102,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion. The production department had $850,368 of direct materials and $649,296 of conversion costs charged to it during April. Also, its beginning inventory of $167,066 consists of $118,472 of direct materials cost and $48,594 of conversion costs. Using the weighted-average method, compute the direct materials cost and the conversion cost per equivalent unit and assign April's costs to the department's output.
Business
1 answer:
den301095 [7]3 years ago
6 0

Answer:

Using the weighted-average method, compute the direct materials cost and the conversion cost per equivalent unit and assign April's costs to the department's output.

Cost per equivalent unit

Material    

$2,35  

Conversion  

$1,93  

TOTAL Cost per equivalent unit  

Material  

$968.840  

Conversion  

$697.890  

TOTAL

$1.666.730  

Explanation:

                                                                    Material    Conversion  

Units transferred to the next department    320,000   320,000  

Materials  90%                                                       102,000   91,800  

Conversion Cost 40%                                        102,000    40,800

Equivalents Units Production                         411,800    360,800

Cost of beginning work in process inventory $ 118.472 $ 48.594

Costs added during the period                     $ 850.368 $ 649.296

TOTAL COST                                             $ 968.840 $ 697.890

Equivalents Units Production                      411.800    360.800

Cost per equivalent unit                                  $2,35        $1,93  

Units completed and transferred out:          

Equivalent units of production (a)    411.800   360.800  

Cost per equivalent unit                 $968.840   $697.890                     $1.666.730  

You might be interested in
Blossom Company purchases a patent for $158,000 on January 2, 2017. Its estimated useful life is 8 years. (a) Compute amortizati
ohaa [14]

Answer:

a. 19.750 b. 138.250

Explanation:

A. We divide 158.000 by 8 to get the amount per year

158.000/8= 19.750

  • Amortization expense (Db) 19.750
  • Accumulated amortization (Cr)                       19.750

B. On the balance sheet at the end of the first year, we would subtract those 19.750 to the gross value of the patent and the value of the patent would be

158.000 - 19.750 = 138.250

<u><em>Net carrying amount of the patent:</em></u><em> 138.250</em>

6 0
3 years ago
A 30-year zero coupon bond with a face value of $5,000 is currently selling for $1,156.88 and has a market rate of interest of 5
daser333 [38]

Answer:

Price will increase by $277.58

Explanation:

Market rate of Interest of a zero coupon bond can be determined by following formula

Market Rate of Interest = [ ( F / P )^(1/30) ] - 1

4.25% = [ ( $5000 / P )^(1/30) ] - 1

0.0425 + 1 = ( $5000 / P )^1/30

( 1.0425 )^30 = (( $5000 / P )^1/30)^30

3.4856 = $5000 / P

P = $5,000 / 3.4856

P = $1,434.46

Now Calculate the change in Price

Change in price = $1,434.46 - $1,156.88 = $277.58

Price will increase by $277.58

5 0
3 years ago
Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer differentiated product
LenaWriter [7]

Answer:

B) False

Explanation:

The correct phrase should be:

Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer standardized products, while oligopolists producing consumer goods usually offer differentiated products.

An example of an oligopolistic industry that we all know about is the car industry. There are very few car companies in the world since only very large companies can actually manufacture cars. Car companies offer differentiated products.

8 0
3 years ago
Khandi gives a presentation to advocate that her employer, Let-Us Ltd., which offers services such as personal shopping and even
Sladkaya [172]

Answer:

A). She cites a personal services company in another city that increased its business by adding dog walking to its services.

Explanation:

PREP method is demonstrated as the effective method or approach of presentation or speech that consists of four steps: 'P stands for 'point'(statement of claim), 'R stands for 'reasons'(explanation of the point), 'E stands for 'examples or evidence'(to support the claim), and lastly, 'P stands for point('justification and restatement of the claim').

According to this method, option A i.e. 'She cites a personal services company in another city that increased its business by adding dog walking to its services' reflects the third step that Khandi uses for her presentation. <u>This citation would not only support her claim but also establish the credibility of her claim</u> while the next step would prove how her claim is justified. Thus, <u>option A</u> is the correct answer.

7 0
3 years ago
Austere Realty, a real estate company, ensures that its web page always shows up high among the list of results whenever a user
Phantasy [73]

Answer:

The correct answer is the option C: Search engine optimization.

Explanation:

To begin with, the name of "Search Engine Optimization" or SEO refers to the process used by companies that focus on improving the quality and quantity of the website traffic related to a website that comes from search engines. Meaning that this process seeks for the way to get those websites to be find more easily by the consumers depending on how much related they are to what the consumers look for on the engine searchers. That is why that in this case, Austere Realty is actively engaged in search engine optimization due to the fact that they always ensure that its web page shows up high amoing the list of results of the search engine.  

7 0
3 years ago
Other questions:
  • The balance of Tori's average balance checking account
    9·1 answer
  • Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S.
    12·1 answer
  • A _____ is an association of producers that control supply and prices
    11·1 answer
  • Define the four factors of production and the differences between physical and human capital.
    5·1 answer
  • Which of the following roles and attributes do NOT describe the core team members on a project? ​ a. Core team members join the
    11·1 answer
  • Roslyn is a food buyer for Organic Cornucopia Food Company when she decides to go into business for herself as Roslyn’s Kitchen.
    5·1 answer
  • In a repo transaction (or repurchase agreement), the one "buying" the collateral asset (with the promise of selling it back soon
    7·1 answer
  • What should you do if a package is stolen from your doorstep?
    13·2 answers
  • The FDIC in the United States insures some financial accounts up to what amount?
    10·1 answer
  • A mid-sized firm plans to issue 10 million shares during an IPO. The underwriter plans to sell shares at $24.45; however, many i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!