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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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Anna35 [415]

Answer:

The right solution is "$30".

Explanation:

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8 0
3 years ago
Most stock exchanges today use floor trading with human brokers.
finlep [7]

Answer: False

Explanation:

According to a report by CNBC in 2017, floor trading accounts for about 10% of market transactions in stock exchanges in recent times.

Since the Advent of Electronic trading, most traders have switched to using computers and software which manage the trading for them to make it more efficient.

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3 years ago
You will receive $500 tomorrow. You will receive an additional nine cash flows growing at the rate of inflation of 2 percent per
kobusy [5.1K]

Answer:

please find the solution which is defined as follows:

Explanation:

please find the table in the attached file:

  • In point A, The Cashflow value = 5474.86 (premised on the description of cash flows).
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  • In point C, its actual value of the cash flow source is 3643.921.
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7 0
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RJ Custom Bike Manufacturing has determined that the demand for the products and services offered by them is less elastic. With
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Answer:

Raise the price.

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An incremental cost is the difference in total costs as the result of a change in some activity. Incremental cost can said to be differential cost as they may be in-between two alternatives for a certain short-run.

8 0
3 years ago
The yield to maturity (YTM) on 1-year zero-coupon bonds is 7% and the YTM on 2-year zeros is 8%. The yield to maturity on 2-year
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Answer:

(a) The arbitrage strategy is to buy zeros with face values of $140 and $1,140 and respective maturities of one and two years, and simultaneously sell the coupon bond.

(b) The profit on the activity equals $0.72 on each bond.

Explanation:

The price of the coupon bond = 140 × PV(7.9%, 2) + 1000 × PV(7.9%, 2)

= 140 × (1-(1/1.079)^2)/0.079 + 1,000/1.079^2

= $1,108.93

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The arbitrage strategy is to buy zeros with face values of $140 and $1,140 and respective maturities of one and two years, and simultaneously sell the coupon bond.

The profit on the activity equals $0.72 on each bond.

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