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const2013 [10]
3 years ago
6

Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departmen

t for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 900 Materials costs $ 9,600 Conversion costs $ 7,700 Percent complete with respect to materials 60 % Percent complete with respect to conversion 45 % Units started into production during the month 8,100 Units transferred to the next department during the month 6,900 Materials costs added during the month $ 115,800 Conversion costs added during the month $ 120,500 Ending work in process inventory: Units in ending work in process inventory 2,100 Percent complete with respect to materials 75 % Percent complete with respect to conversion 20 % The cost per equivalent unit for conversion costs for the first department for the month is closest to: Garrison 16e Rechecks 2017-08-28 Multiple Choice $14.24 $18.39 $17.51 $16.46
Business
1 answer:
babymother [125]3 years ago
3 0

Answer:

$17.51

The cost per equivalent unit for conversion costs for the first department for the month is closest to: C) $17.51

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A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do
maxonik [38]

Answer:

FALSE

Explanation:

It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.

The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern.

A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue

3 0
3 years ago
One way to obtain the economically efficient amount of college education is for governments to subsidize college education. What
Karolina [17]

Answer:

The remaining part of the question is given below:

(Note that the subsidy can be granted to the education institutions or to the students directly or indirectly; for example, through low- interest student loans.)

a. P2-P0

b. P2-P1  

c. P0-P1

d. P1

<u>Correct Answer:</u>

b. P2-P1

Explanation:

A pigouvian subsidy is a subsidy that is used to encourage behaviour that have positive effects on others who are not involved or society at large. <em>Behaviors or actions that are a benefit to others who are not involved in the transaction are called positive externalities.</em>

7 0
2 years ago
Which would be an example of sustainable development? a. Current use of fossil fuels in the U.S. b. Heap-leach extraction of gol
Setler [38]

Answer:

The correct answer is letter "D": Development of brownfields in urban areas.

Explanation:

In urban planning, sustainable development refers to continuous activities that can be performed during extended periods of time. They are the result of repeated patterns of individuals who, sometimes unconsciously, provoke more and more individuals to repeat their actions.

Under such a scenario, <em>the development of brownfields in urban areas is the result of building more department complexes in the cities because of the increasing need for renting and selling houses as a result of the increasing population growth.</em>

5 0
3 years ago
Read 2 more answers
Partially completed units in ending work in process are 100 percent complete with regard to their direct materials costs if the
Rudik [331]

Answer:

TRUE

Explanation:

As the direct materials are introduced at the beginning of the process the only factors which are not completed are the conversion cost which are: labor cost and manufacturing overhead.

The equivalent units will be calculated using a 100% of completion in raw materials.

5 0
3 years ago
Banco Macro is expected to generate $150 million in free cash flow next year, and the free cash flow is expected to grow at a co
nirvana33 [79]

Answer:

Stock value per share = $136.8

Explanation:

The value of a firm can be determined using the free cash flow  and the Discount cash flow model.

The discounted cash flow model values a firm as the the sum of the present values of the future cash flows generated by the assets of the firm  discounted at an appropriate  required rate of return. This rate of return (discount rate)is called Weighted average cost of capital (WACC)

The weighted Average cost of Capital is the average cost of capital for the different sources of long-term capital available to a firm weighted according to the proportion each source of finance bears to the total capital in the pool.

Free cash flow to the Firm ( FCFF) is the cash flow from operations minus capital expenditures. It is the cash flow available to all providers of capital after all investments in non-current assets and working capital have been made.

Value of a firm = FCFF (1+g)/(WACC-g)

g- growth rate

Value of Banco = 150 × (1+0.04)/(0.0685- 0.04)

                         =5473.684211

Value per stock = (Value of the firm - Value of Debt)/ No of stock units

                           = <u>5473.68 - 0</u>

                             40 million units

Stock value per share = $136.8

3 0
2 years ago
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