What is the term for a loan with a co-signer?

A firm called Can't Be Stopped, Won't Be Stopped uses process costing to determine the cost of inventory. All direct materials a

Luden [163]

Answer:

c.

Weighted average: $117.81 conversion costs per equivalent unit

FIFO: $115.94 conversion costs per equivalent unit

Explanation:

completed 9,000

ending WIP 500 at 25%

beginning WIP 1,000 at 50%

weighted average:

completed units + percentage of completion ending WIP

9,000 + 500 x 25% = 9,125

cost: 75,000 + 1,000,000 = 1,075,000

conversion cost per unit:

1,075,000 / 9,125 = 117,81

FIFO

completed units + percentage of completion ending WIP - begining WIP

9,000 + 500 x 25% - 1,000 x 50% = 8,625

cost of the equivalent units

1,000,000 / 8,625 = 115.94

5 0

3 years ago

Selene owns a craft store. Her total costs are $1.2 million per year, and her variable costs are $750,000 per year. This means t

iren [92.7K]

Answer:

fixed costs = $450000

Explanation:

given data

total costs = $1.2 million per year

variable costs = $750,000 per year

solution

we get her fixed costs that is express here as

fixed costs = total costs - variable costs ...........................1

put here value and we will get fixed costs

fixed costs = $1.2 million - $750,000

fixed costs = $1200000 - $750,000

fixed costs = $450000

7 0

3 years ago

Sneed Corporation reported balances in the following accounts for the current year: Beginning Ending Income tax payable $ 50 $ 3

RUDIKE [14]

Answer:

Amount of taxes payable is $210.

Explanation:

Calculating the Income tax amount:

Income tax = Closing balance - opening balance + income tax expenses

Income tax = 30 - 50 + 230

Income tax = - 20 + 230

Income tax = $210

7 0

3 years ago

Risers Inc. reported total assets of $3,200,000 and net income of $255,000 for the current year. Risers determined that inventor

WARRIOR [948]

Answer:

Corrected total assets= $3,230,000

Corrected net income= $216,000

Explanation:

Riser incorporation reported a total assets $3,200,000 and a net income of $255,000 for the Current year

Risers inventory was understated by $69,000 at the beginning of the year and $30,000 at the end of the year

The corrected amount for the total assets can be calculated as follows

= $3,200,000+$30,000

= $3,230,000

The corrected amount for the net income can be calculated as follows

= $255,000-$69,000+$30,000

= $216,000

Hence the corrected amount for total assets and net income for the year is $3,230,000 and $216,000 respectively

4 0

2 years ago

Austin always saves 65% of the money he earns from mowing lawns. find the expression that represents the amount of the money Aus

kotykmax [81]

Answer:

y=.65x

Explanation:

this is for if its a x/y statement in which the value of y is 65% of the amount he earns in total which is the amount he saves total so that would be .65 of x

6 0

2 years ago

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