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GenaCL600 [577]
2 years ago
8

Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The following data pertains to

the Mixing Department for September.
Work-in-process Inventory Sept. 1 28,000 units
Conversion complete 70%
Work-in-process inventory Sept. 30 16,000 units
Conversion complete 50%
Units started into production in Sept. 72,000
Units completed and transferred out ? units
Costs
Work-in-process inventory Sept.1 $120,000
Material P 110,000
Material Q 165,000
Conversion
Costs added in September
Material P $180,000
Material Q 165,000
Conversion 354,800
Material P is added at the beginning of work in the Mixing Department. Material Q is also added in the Mixing Department, but not until units of product are forty percent completed with regard to conversion. Conversion costs are incurred uniformly during the process.
Total equivalent units for Material P under the weighted-average method are calculated to be:
______________.
A. 100,000 equivalent units.
B. 92,000 equivalent units.
C. 84,000 equivalent units.
D. 72,000 equivalent units.
E. 68,000 equivalent units.
Business
1 answer:
Brilliant_brown [7]2 years ago
7 0

Answer:

A. 100,000 equivalent units

Explanation:

Calculation for what the Total equivalent units for Material P under the weighted-average method are calculated to

First step is to calculate the Unit transferred out

Unit transferred out = 28,000+72,000-16,000

Unit transferred out =84,000

Now let calculate the Total equivalent units for Material P

Total Equivalent unit of material P = 84,000+16,000

Total Equivalent unit of material P = 100,000

Therefore the Total equivalent units for Material P under the weighted-average method are calculated to 100,000 equivalent units

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Smythe Co. makes furniture. The following data are taken from its production plans for the year.
PtichkaEL [24]

Answer:The hazardous waste disposal cost per unit  for chair and table respectively is $2.83 and $1.54

Explanation:

From the question, If cost are assigned at a rate based on direct labor hours, then the  total disposal cost for chairs is

total disposal cost for chairs =Direct labor hours required for chairs/Total Direct labor hours required for both furniture x Hazardous waste disposal costs

268,000/ 268,000+16,400  x 615,000

= 268,000/ 284,400  x  615,000

===$595,535.865

and for tables for  is

total disposal cost for tables=Direct labor hours required for tables /Total Direct labor hours required for both furniture x Hazardous waste disposal costs

16,400 / 268,000+16,400  x  615,000

= 16,400 / 284,400  x 615,000

===$35,464.135

The hazardous waste disposal cost per unit  for chair and table respectively is

For chair ====total disposal cost for chairs/ Expected production of chairs

$595,535.865/210,000 units= $2.83

For table ====total disposal cost for table/ Expected production oftable

$35,464.135/23,000 units=$1.54

4 0
2 years ago
An analyst obtains a market quote for the two-year forward rate two years from now. to derive the next point on a theoretical an
Nutka1998 [239]

An analyst obtains a market quote for the two-year forward rate two years from now. to derive the next point on a theoretical annual forward rate curve, the analyst can use the three-year and five-year spot rates.

Given the two-year forward rate two years from now, the next point on an annual forward rate curve is the two-year forward rate three years from now, 3y2y. This rate can be derived from the three-year and five-year spot rates as follows: (1 + S5)5 = (1 + S3)3(1 + 3y2y)2.

Job Analysts paint in the HR branch of companies or groups and study occupations and jobs to attention on category structures inside that field. The attention at enterprise and occupational developments in addition to employee relationships.

According to the U.S. Bureau of Labor Statistics, the median economic analyst revenue is around $85,000, however, this range may be deceptive due to the fact the common economic analyst revenue is nearer to $100,000 because of the acute boom in profits over time.

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6 0
1 year ago
The Spanish and Portuguese focused colonization in North America.<br><br><br> True<br> False
AleksAgata [21]
<span>No, the Spanish and Portuguese focused their colonialism in Latin America and South America, especially Brazil.</span>
5 0
3 years ago
The average-marginal rule states: a. when the marginal magnitude is rising, the average magnitude must also be rising. b. when t
lozanna [386]

Answer:

The correct answer is letter "C": when the marginal magnitude is below the average magnitude, the average magnitude falls.

Explanation:

The average-marginal value is an Arithmetic rule implemented in Economics that states that when the marginal value is above the average value, the average value tends to rise, In case the marginal value is below the average value, the average value tends to fall. The average value remains the same when it is equal to the marginal value.

5 0
3 years ago
If the required reserve ratio is 2.50 percent, what is the monetary multiplier? if the monetary multiplier is 5, what is the req
ludmilkaskok [199]

If the required reserve ratio is 2.50 percent, the monetary multiplier is 40.

The money multiplier gives us the ratio of deposits to reserves (i.e. 1/R). That means, if the reserve ratio is 2.50% (i.e. 0.025), the money multiplier is 40 (i.e. 1/0.025). Thus, an initial deposit of USD 1,000 will end up creating a total of USD 40,000 in new money.

If the monetary multiplier is 5, the required reserve ratio is 20%.

Playing with the original multiplier formula, we can derive that R=1/m (m is money multiplier). If the money multiplier is 5, then the reserve ratio is 20% (i.e. 1/5 or 0.20).

8 0
3 years ago
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