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Flura [38]
2 years ago
10

Assuming equivalent units of conversion costs is 7,000 units (note this is not the answer for the above question) at the end of

February. Assume Injection Molding Inc. uses the First In First Out (FIFO) process costing method, what is the conversion cost per equivalent unit (rounded to the nearest dollar)
Business
1 answer:
monitta2 years ago
6 0

Answer:

$157 per equivalent unit

Explanation:

Note: <em>The full question is attached as picture below</em>

<em />

Conversion cost per equivalent unit = Conversion costs added during February / Equivalent units of conversion costs

Conversion cost per equivalent unit = $1,100,000 / 7000 units

Conversion cost per equivalent unit = $157.14286

Conversion cost per equivalent unit = $157 per equivalent unit

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Option D                  

Explanation:

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If included with the fiscal reports with associated reports and other details, the details generated by disclosing detailed income will assist stakeholders, lenders as well as others in determining the operations of a business, and the duration and extent of potential cash streams of a business.

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3 years ago
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Leto [7]

Answer:

Is the best method of analyzing mutually exclusive projects.

Explanation:

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We just have to see which is higher, the present value of future cash flows or the initial investment.

It is assumed that an investment with a positive NPV will be profitable, and an investment with a negative NPV will result in a net loss.

3 0
2 years ago
IBN has two manufacturing facilities, one in New York and one in Oklahoma. Marjorie has worked in the Oklahoma plant for 15 year
gtnhenbr [62]

Answer:

Yes, there is a violation of the Equal Pay Act because Hank's salary ($14 per hour) is higher than Marjorie's ($12 per hour).

Explanation:

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In this case, it is OK for Ellen to earn a higher salary than Hank because she has more experience and she was transferred to the New York facility. But Hank shouldn't earn a higher salary than Marjorie because she is a more experienced worker.

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3 years ago
Which statement best describes how insurance works?
Brilliant_brown [7]

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