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Darina [25.2K]
3 years ago
12

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the

first processing department consisted of 2,200 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,500 65% Conversion costs $ 8,600 45% A total of 10,100 units were started and 7,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 127,300 Conversion costs $ 208,800 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department
Business
1 answer:
mylen [45]3 years ago
3 0

Answer:

$23.35

Explanation:

Units completed and transferred out = 7,700

WIP, Ending = 2,200 + 10,100 - 7,700 = 4,600. Conversion = 4,600*35% = 1,610

Equivalent unit of production = Units completed and transferred out + Conversion

Equivalent unit of production = 7,700 + 1,610

Equivalent unit of production = 9,310

Cost per equivalent unit = $8,600 + $208,800 / 9,310 units

Cost per equivalent unit = $217,400 / 9,310 units

Cost per equivalent unit = $23.351235231

Cost per equivalent unit = $23.35

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Henry Crouch's law office has traditionally ordered ink refills 55 units at a time. The firm estimates that carrying cost is 40%
defon

Answer:

Its action would be optimal given an ordering cost of $28.31 per order

Explanation:

According to the given data we have the following:

economic order quantity, EOQ= 55 units

annual demand, D=235

holding cost per one unit per year, H=40%×$11=$4.4

ordering cost, S=?

In order to calculate the ordering cost we would have to use the following formula:

EOQ=√(<u>2×D×S)</u>

                (H)

Hence, S=<u>(EOQ)∧2×H</u>

                     2×D

           S=<u>(55)∧2×4.4</u>

                   2×235

          S=<u>13,310</u>

                470

          S=$28.31

Its action would be optimal given an ordering cost of $28.31 per order

4 0
3 years ago
lue Inc. has decided to raise additional capital by issuing $171,000 face value of bonds with a coupon rate of 11%. In discussio
Dafna1 [17]

Answer:

Explanation:

Value assigned to bonds =

Value of bonds without warrants/(value of bonds without warrants+value of warrants)*Issue price

Value assigned to warrants =

Value of warrants/(value of bonds without warrants+Value of warrants)

Value assigned to bonds = 115,200/(115,200+28,800) * 140,000 = 0.8*140,000 = 112,000

Value assigned to warrants = 28,800/144,000 * 140,000 = 28,000

Journal entries:

Dr Cash 140,000

Dr Discount on bonds payable (171,000-112,000) 59,000

Cr Bonds payable 171,000

Cr Paid in capital-Stock warrants 28,000

5 0
3 years ago
PGP Co. expects to issue a $1,000 face-value bond that matures in 8 years. The annual coupon rate is 9% and interest payments ar
Harlamova29_29 [7]

Answer:

Required return is 8.75%

Explanation:

Given,

FV (Face Value) is $1,000

PV (present Value) is computed as:

PV = FV × Price

= $1,000 × 101.4%

= $1,014

Nper (Number of years) is 8 years

PMT (Monthly payment) is computed as:

PMT = FV × Coupon rate

= $1,000 × 9%

= $90

r (Required return) is computed by using the excel formula:

=Rate(nper, pmt, pv, fv, type)

= Rate (8,90,-1014,1000,0)

= 8.75%

4 0
3 years ago
Many companies today are localizing their products, advertising, promotion, and sales efforts to fit the needs of individual reg
oksian1 [2.3K]

<u>C)</u><u> Geographic Segmentation.</u>

<h3><u>What does regional segmentation entail?</u></h3>

A marketing tactic known as geographic segmentation targets goods and services to local residents and business owners. It operates under the premise that locals have comparable needs, desires, and cultural factors. Brands may focus more pertinent marketing messages and acceptable items on customers who are then aware and more inclined to buy by learning what people in that area need.

<h3><u>What benefits does geographic segmentation offer?</u></h3>
  • Large businesses can address the various needs and wants of clients in various regions thanks to geographic segmentation.
  • Geographic segmentation makes it possible for small enterprises with tight finances to work more effectively.
  • The process of geographic segmentation is simple.

Learn more about brands with the help of the given link:

brainly.com/question/21807086?referrer=searchResults

#SPJ4

6 0
2 years ago
Gap, radio shack, bath and body works, and foot locker are examples of _____. a supermarkets b warehouse clubs c convenience sto
Brut [27]

Answer: Option E

           

Explanation: In simple words, traditional specialty stores refers to the retail stores that offers only one category of product but do provide their customers various options in respect to quality and brands of that one particular product.

For example- stores offering only sports goods, pet supply or jewelries etc. These goods are running in US for decades and are still handling a separate customer base due to the variety they offer and the all time availability of products that they have.

6 0
3 years ago
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