1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveta [45]
3 years ago
7

Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units dur

ing the month and had 10,000 units in process at month-end, 20% complete. Conversion costs associated with the beginning work-in-process inventory amounted to $231,000, and amounts that relate to the current month totaled $966,000. If conversion is incurred uniformly throughout manufacturing, Peach's equivalent-unit cost is:_________
A. $23.00
B. $23.94
C. $24.15
D. $28.50
E. some other amount
Business
1 answer:
Advocard [28]3 years ago
5 0

Answer:

D. $28.50

Explanation:

Peach Equivalent-unit cost = Total Cost / Units

Peach Equivalent-unit cost = ($966000 + $231000) / (40000 units + (10000 units*20% completion))

Peach Equivalent-unit cost = $1197000 / (40000 units + 2000 units)

Peach Equivalent-unit cost = $1197000 / 42000 units

Peach Equivalent-unit cost = $28.50

You might be interested in
Following the assumption that firms maximize profits, how will the price and output policy of an unregulated monopolist compare
Mamont248 [21]

Answer:

The correct answer is (A) output will be too small and its price too high.

Explanation:

MONOPOLY PRICE: price that departs from the value or production price of a given merchandise. Economic way in which capitalist monopolies obtain super profits. The monopoly price is equal to the production costs plus the high monopoly gain. There are two types of monopoly prices: the high ones, to which the monopolies sell their production and the low ones, to the monopolies buying the raw material or products destined for reworking and for sale, especially in colonial and dependent countries. In order to keep monopoly prices on the market, capitalist monopolies: 1) hinder the free emigration of capital by preventing the competitor from lowering the monopoly price or establishing an agreement with him to maintain a certain price, 2) limit the The production of goods in the internal market, without certain reductions in production, not even the destruction of "surplus" goods, 3) uses the bourgeois state to protect the internal market against foreign competition by establishing high tariff rates. Monopoly prices do not eliminate the action of the law of value as a law of merchandise prices. What monopoly capital earns thanks to monopoly prices, is lost by workers in capitalist countries and also the popular masses of colonial and economically weak countries, from which monopolists, through non-equivalent exchange, derive huge profits. A certain portion of the monopoly price is part of the gain of the bourgeoisie that does not enter the monopoly group. In this way, the interests of different classes and groups of today's capitalist society intersect in the monopoly price. For this reason, the growth of high monopoly prices, as well as the reduction of low monopoly prices - a phenomenon that is observed endlessly - leads to the further sharpening of the class contradictions of imperialism.

3 0
3 years ago
Discuss how a change in a product design could produce a change in the design of a planning and control system.
RUDIKE [14]

Product design is cross-functional, knowledge-intensive work that has become increasingly important in today's fast-paced, globally competitive environment. It is a key strategic activity in many firms because new products contribute significantly to sales revenue. When firms are able to develop distinctive products, they have opportunities to command premium pricing. Product design is a critical factor in organizational success because it sets the characteristics, features, and performance of the service or good that consumers demand. The objective of product design is to create a good or service with excellent functional utility and sales appeal at an acceptable cost and within a reasonable time. The product should be produced using high-quality, low-cost materials and methods. It should be produced on equipment that is or will be available when production begins. The resulting product should be competitive with or better than similar products on the market in terms of quality, appearance, performance, service life, and price.

6 0
3 years ago
Driver Products recently paid its annual dividend of $2, and reported an ROE of 15%. The firm pays out 50% of its earnings as di
iragen [17]

Answer:

$29.70

Explanation:

Retention ratio = 1 - payout ratio

= ( 1  -0.5 )

= 0.5

Growth rate, g = ROE × Retention ratio

= 0.15 × 0.5

= 0.075

= 7.5%  

Required return = Risk - free rate + [ Beta × (Market rate- risk-free rate) ]

= 2.5% + 1.44 × (11% - 2.5%)

= 14.74%

Intrinsic value = \frac{\textup{D1}}{\textup{(Required return-Growth rate)
}}

=\frac{\textup{2}\times(1+0.075)}{\textup{(0.1474-0.075)
}}

= 29.69 ≈ $29.70

5 0
3 years ago
When you go on a hunting trip you should leave a hunting plan with someone you trust what infromation should the plan include?
klasskru [66]
The hunting plan can conclude where you are going hunting and the numbers to call if you are in danger
7 0
4 years ago
A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.
olga2289 [7]

In most states, a will is often referred to as a "last will and testament". So any trust or transfer at death that involves will is said to be testamentary (from the testament). Choice B is a living trust - which doesn't involve death. Choices C and D can be made while a person is alive.

The answer here is A, a testamentary trust.


5 0
3 years ago
Other questions:
  • Cullumber Co. leased equipment to Union Co. on July 1, 2021, and properly recorded the sales-type lease at $131,000, the present
    11·1 answer
  • Yurman Co. sells major household appliance service contracts for cash. The service contracts are for a one-year, two-year, or th
    6·1 answer
  • A​ monopolist's maximized rate of economic profits is ​$1500 per week. Its weekly output is 500 ​units, and at this output​ rate
    7·1 answer
  • Suppose disposable income increases by $2,000 . As a result, consumption increases by $1,500 . Answer the questions based on thi
    9·1 answer
  • On March 1, 2021, Bearcat lends an employee $16,000. The employee signs a note requiring principal and interest at 12% to be pai
    7·1 answer
  • gain or loss on the disposal of assets is determined by comparing the disposed asset's book value to the value of any assets rec
    14·1 answer
  • During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned $
    15·1 answer
  • sells authentic Amish quilts on her website. Suppose Sally expects to sell 1 comma 800 quilts during the coming year. Her averag
    12·2 answers
  • You just purchased a bond that matures in 12 years. The bond has a face value of $1,000 and a 7% annual coupon. The bond has a c
    7·1 answer
  • Below are the transactions for Ute Sewing Shop for March, the first month of operations.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!