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Williams company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for con

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(2.60X250,000)+(3.75X250,000)=1,587,500

8 0

3 years ago

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Which of the following statements is true regarding variable costing?Multiple Choice

pentagon [3]

Answer:

Explanation:

8 0

3 years ago

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When a hurricane rips through Florida, the price of oranges rises because the demand curve shifts to the left. supply curve shif

maw [93]

Answer:

Supply curve shifts to the left.

Explanation:

It is know that Florida is the biggest orange producer in America, when a hurricane rips through Florida, there is no change in demand, so the demand curve remains unaltered. As for the supply curve, the hurricane is likely to destroy orange crops causing a shortage in supply which corresponds to a shift to the left by the supply curve.

The answer is: supply curve shifts to the left.

7 0

3 years ago

For a risk-free return rate of 5%, a market risk premium of 6%, what is the required rate of return for a security with a beta c

adoni [48]

Answer:

14%

Explanation:

required rate of return = risk free rate of return + ( risk premium x beta)

5% + 1.5 x 6% = 14%

3 0

3 years ago

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the fi

Dimas [21]

Answer:

Quik Furniture Company

Production cost report - Sanding department

Month ended on March 31, 2020

Units Physical units Equivalent units

Materials Conversion

Units started 9,240

in production

Completed and 6,240

transferred out

Work in progress 3,000 600

Total units 6,240 3,000 600

accounted for

Costs Direct Conversion Total

materials costs

Beginning WIP $0 $0 $0

Costs added during $36,960 $51,642 $88,602

period

Total costs $36,960 $51,642 $88,602

Cost per unit $4 $7.55 $11.55

(9,240 u.) (6,840 u.) (finished u.)

5 0

3 years ago

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