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Sliva [168]
2 years ago
7

Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through tw

o processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 86,300 units, 30 percent complete with respect to conversion costs. Ending work in process had 19,300 units, 40 percent complete with respect to conversion costs. Started in process, 105,900 units. Required: 1. Prepare a physical flow schedule.
Business
1 answer:
liubo4ka [24]2 years ago
6 0

Answer:

<u>Physical flow schedule</u>

Inputs

Beginning Work in Process                86,300

Add Units Started                              105,900

Total                                                    192,200

Outputs

Units Completed and Transferred   172,900

Units in Ending Work in Process       19,300

Total                                                    192,200

Explanation:

A physical flow schedule is simply a schedule of units introduced into the process and units outputs without expressing them to equivalent units.

Units Introduced must always be equal to units outputs in physicals terms.

<em>Units Completed and Transferred = Beginning Inventory + Units Started - Units in Ending Work in Process</em>

                                                        = 86,300 + 105,900 - 19,300

                                                        = 172,900

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What kind of economy uses a free-enterprise system?
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Answer:

The U.S. economy is a free enterprise system.

Explanation:

That means that individuals — and not the government — own most of our country's resources.

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2 years ago
Suppose the own price elasticity of demand for good X is -3, its income elasticity is -3, its advertising elasticity is 4, and t
WINSTONCH [101]

Answer:i dont know

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2 years ago
Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.
Zolol [24]

Answer:

The importer accepts this price, so his bank will <u>debit</u> the importer's account in the amount of <u>$500000</u>

Explanation:

Debiting an account removes money from the account. Crediting an account adds money to the account.

The bank will  therefore <em>debit</em> his account because the money will be taken out and paid to the exporter.

The amount that the importer pays in dollars can easily be calculate as:

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3 years ago
Financial Planning Partners​ Inc., employs 12 fulltime CPAs and 10 paraprofessionals. Direct and indirect costs are applied on a
mihalych1998 [28]

The correct answer is C) overallocated.

When using a normal costing​ system, yearend accounting records will show that indirect costs are​ overallocated.

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5 0
3 years ago
Suppose that today's date is April 15. A bond with a 10% coupon paid semiannually every January 15 and July 15 is listed in The
zaharov [31]

Answer:

$1,035.4

Explanation:

To find the purchase price of the bond for today April 15, we can follow the following formula:

<em>Purchase price = Selling price + Accrued interest</em>

Therefore, the steps to follow are these:

1. Calculate the selling price.

Theoretically, the selling price tells us how much cash the bond will generate, but brought to present value. To find it,  we should know what the par value of the bond and the asked price are. The question only give us the former (101.04). In this case, we will assume that the par or face value - the price at which the bond is sold when it is first released - is $ 1,000, which is the average face value of a bond in the United States.

Now, we apply the following formula:

<em> Selling price (sp) = Par value * (Asked price / 100)</em>

<em>sp = 1,000 * (101.04/100)</em>

<em>sp = 1,000 * (1.0104)</em>

<em>sp = 1,010.4</em>

2. Calculate the accrued interest.

The accrued interest is the part of the purchase price that represents the interest accrued from the last maturity of interest charged to the purchase date. To find it, we apply this formula:

AC = \frac{D_{c} }{D_{t} } *C

Where C is the amount of the coupon that is paid periodically (in this case semianually), Dc is the time elapsed since the last payment and Dt is the time between the semiannual payments.

For our case, C is 50. The statement says that the bond pays a 10% coupon, that is $ 100, which is distributed on two dates, therefore, what is paid on each date is $ 50.

The purchase was made on April 15, that is, three months had passed since the last payment, which was on January 15. Therefore Dc is 3.

Finally, the time between the first payment (January 15) and the second (July 15) is six months. Therefore, Dt is 6.

We replace in the equation:

AC=\frac{3}{6} *50

The accrued interest is $25.

3. Clear in the purchase price equation.

<em>Purchase price (PP)= Selling price + Accrued interest</em>

<em />

PP=1,010.40+25

PP=1,035.4

Therefore, the price you would pay for the bond today April 15 is 1,035.4. That means the purchase price is above the par value (1,000).

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