Answer:
The correct answer is: units started in production in Finishing for April.
Explanation:
It is an analysis of the activity of the department or cost center for the period. All costs attributable to a department or cost center are presented according to the elements of the cost center. A production cost report for each department can be prepared following a four-step approach. Each step represents a separate plan and the four plans together constitute a report of the cost of production.
Step 1: Post the physical flow of units (quantity plan)
.
Step 2: Calculate the equivalent production units (equivalent production plan).
Step 3: Accumulate the total and unit costs that will be accounted for by department (cost plan to be accounted for).
Step 4: Assign the accumulated costs to the units transferred or still in process (cost plan accounted for).
Answer:
<u>Annual rate of return which will be earned from today is 5.89%</u>
Explanation:
FV = PV (1+r)^n
r is int Rate per anum abd n is balance period
10000 = 6700 ( 1 + r)^n
10000 = 6700 ( 1 + r)^7
( 1 + r)^7 = 10000 / 6700
= 1.4925
1+r = 1.4925^(1/7)
= 1.0589
r = 1.0589- 1
= 0.0589 i.e 5.89%
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