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
statuscvo [17]
3 years ago
14

Wynona Corp’s production cost data for the current period is: Beginning work in process inventory: 20,000 units Units started in

to production: 15,000 units Ending work in process inventory: 6,000 units All materials are entered at the beginning of the process and conversion costs are incurred uniformly throughout the process. The ending work in process units are 20% complete as to conversion costs. What are the equivalent units of production for conversion costs?
Business
1 answer:
Sliva [168]3 years ago
7 0

Answer:

30,200 units

Explanation:

We have at the begining 20,000 units in process and during the period studied an additional bulk of 15,000 units starts it production, so:

During the studied period, (20,000+15,000) 35,000 are produced, but as at the end of the period we have 6,000 unit as work in progress, only 35,000-6,000= 29,000 units are finished.

So, we have 29,000 finished units+ 6,000 work in progress units.

The work in process units are equivalent to: 6,000 units*0,2= 1,200 equivalent units.

Total equivalent units= 29,000+ 1,200 = 30,200 Units

You might be interested in
If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience:
stich3 [128]

Answer:

It is capital deepening (D)

Explanation:

Capital deepening typically represents an increase in the capital-labor ratio. This arises when there is infusion of additional capital(e.g technological improvement) into the production processes while work force is either kept constant or cut-down and thereby makes labor to be more productive.

Hence, as the capital-labor ratio increases, the marginal product of labor, i.e. the amount of product that can be produced by supplying one more unit of labor, increases  because there are now more units of capital per worker.

8 0
3 years ago
Assume that both portfolios A andB are well diversified, that E(rA) =12%, and E(rB) =9%.Assume the economy has only one risk fac
nata0808 [166]

Answer:

The risk free rate (Rf) is 28,2%

Explanation:

We will substituting the portfolio expected return (Er) and the betas of the portfolio in the expected return & beta relationship, that is:

E[r] = Rf + Beta * (Risk Premium)

On doing this we get 2 equations in which the risk free rate (Rf) and the risk premium [P] are not known to use:

12% = Rf + 1 * (P - Rf)

9% = Rf + 1.2 * (P - Rf)

On solving first equation (of Portfolio A) for P(risk premium), we get:

12% = Rf + 1 * (P - Rf)

12% = Rf + P - Rf

(Rf and Rf cancels each other)

P = 12%

Now, on using the value of P in second equation (of Portfolio B), and solving for Rf (risk free rate), we get:

9% = Rf + 1.2 * (12.2% - Rf)

9% = Rf + 14.64% -1.2Rf

1.2Rf - Rf = 14.64% - 9%

0.2Rf = 5,64%

Rf = 5.64% / 0.2

Rf = 28,2%

So, the risk free rate (Rf) is 28,2%

6 0
2 years ago
The specific identification method of inventory costing may enable management to manipulate net income. always minimizes a compa
Effectus [21]

Answer: May enable management to manipulate net income

Explanation:

The Specific Identification method does in fact allow for some manipulation most especially when there are items that are identical but yet are not of the same cost.

To most customers, the items will be the same and therefore the retailer or management could just report selling an item of higher cost in order to lower paper profit and by extension net income.

If you need further clarification do react or comment.

4 0
3 years ago
Holloway Company earned $18,000 of service revenue on account during 2018. The company collected $14,000 cash from accounts rece
Naily [24]
Idk tbh idk idk idk yeaaaaaahhhhhhhhhhhh idkkkkkk
4 0
3 years ago
Ratio analysis is an important component of evaluating company performance. It can provide great insights into how a company mat
stepladder [879]

Answer:

Different firms may use different accounting practices.

Explanation:

Financial ratios are ratios that summarises financial information and can be used in comparison of performance of companies.

Types of financial ratios :

1. Activity ratios

2. Liquidity ratios

3. Solvency ratios

4. Profitability ratios

5. Valuation ratios

If different accounting practices are used, it would result in different data. This can hamper comparison among companies

6 0
3 years ago
Other questions:
  • An important goal of a responsibility accounting framework is to help ensure which of the following?
    14·1 answer
  • Under Treasury Circular 230, which of the following actions of a CPA tax advisor is characteristic of a best practice in renderi
    13·1 answer
  • Mutual funds are no longer a very popular investment. True False
    9·2 answers
  • Franklin corporation issues $50,000, 10%, five-year bonds on january 1 for $52,100. interest is paid semiannually on january 1 a
    11·2 answers
  • 1. Beginning inventory plus net purchases equals
    7·1 answer
  • During summer vacation, you charge people $8 per hour for swimming lessons and a $20 registration fee. If you make $52 one day,
    9·1 answer
  • A model of demand predicts that a rise in price will cause a decrease in the quantity of a good consumers want to buy anda in pr
    6·1 answer
  • How would the value of a firm be affected by the following events? a.The introduction of a new product designed to increase the
    11·1 answer
  • What is a “work point”?
    7·1 answer
  • The aggregate demand curve shows a _____ relationship between _____ and _____ at a given spending growth.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!