The expression, "there's no such thing as a free lunch" implies that:

Process Costing using the Weighted-Average Method

Finger [1]

Answer:

First we find the equivalent units. Then Cost Per Equivalent Units. We apply these costs to the units to find the total cost. Then we compare the given costs with the found costs to see the difference.

Explanation:

Equivalent Units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Units transfered 6050 100 1000 6050 6050

Ending WIP 450 40 30 180 135

Equivalent Units 6230 6185

Units Completed And Transferred

Particulars Units

Beginning WIP 300

Units started in production 6200

Total Units Available 6500

Less Ending WIP 450

Units Completed and Transferred 6050

Cost Per Equivalent Unit

Particulars Materials Conversion

Beginning WIP $10,500 $6,750

Costs added 332,150 407,645

Total Costs 342,650 414,395

Equivalent Units 6230 6185

Cost Per Equivalent Unit 342,650 / 6230 414,395/ 6185

=$ 55 =$ 67

Costs Assigned

Ending WIP $ 18945

Materials ( 180 * 55) = $ 9900

Conversion ( 135 * 67) = $ 9045

Units Completed And Transferred Out : $ 738100

Materials ( 6050 *55) = $ 332750

Conversion ( 6050 * 67) = $ 405350

Cost Reconciliation

Cost to be accounted for

Beginning WIP ( $10,500 + $6,750 )= $ 17250

Cost added ( 332,150+ 407,645)= $ 739795

Total Costs $ 757045

Ending WIP $ 18945

Units Completed And Transferred Out : $ 738100

Total Costs $ 757045

Which is the same.

6 0

4 years ago

The capital budgeting method that takes into account both the size of the original investment and the discounted cash flows is t

VladimirAG [237]

Answer:

Option D (profitability index) is the correct choice.

Explanation:

Options aren't mentioned in the issue above. Please find the full query attachment here.

Capital budgeting seems to be the mechanism whereby the creditors assess the value of a future investment project. This corresponds to something like the timeframe by which the planned project can produce adequate income to regain the original investment.

The 3 most prevalent frameworks to contractor choosing are given below:

Payback period.
Net present value.
Internal rate of return.

Some other choices have no relation with the specified scenario. So that the option here is just the appropriate ones.

8 0

3 years ago

Adding a new product line to an existing portfolio means that the line has __________________. A. increased product support ser

OLEGan [10]

Answer:

B. extended product line length

Explanation:

The product line is a pricing strategy refers to as the pricing line extension and its purpose is to attract new customers, who may or may not be familiar with the current standard product line.

Thus It adds a higher quality to the current products, considered as trading and forward stretch. Various features include the price lining, bundle pricing, bait pricing, leader pricing.

Supermarkets like Walmart and amazon can often apply stretch top product lines so s to often grade there products to ensure that all markets are covered as to gain the maximum interest from customers.

7 0

4 years ago

Walt consumes strawberries and cream but only in the xed ratio of three boxes of strawber-

Tcecarenko [31]

Answer:

(d) Walt demands 12 boxes of strawberries.

Explanation:

For every 3 box of strawberries, Walt consumes 2 box of cream

=> For every 1 box of strawberry, he will consumer 2/3 box of cream

Suppose, he consumes X boxes of strawberries, then he must consume (2/3)*X boxes of cream

Cost = 10*X + 10*(2/3)*X = 200 = Income

=> 10X + 20X/3 = 200

=. 30X + 20X = 600

=> 50X = 600

=> X = 12

4 0

3 years ago

Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct l

gizmo_the_mogwai [7]

Answer:

Manufacturing overhead rate variance= $5,404 favorable

Explanation:

Giving the following information:

Variable manufacturing overhead 0.5 hours $4.00 per hour

During March, 2,800 direct labor-hours were worked.

Variable manufacturing overhead costs during March totaled $5,800.

To calculate the variable overhead rate variance, we need to use the following formula:

Manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 5,800/2,800= $2.07

Manufacturing overhead rate variance= (4 - 2.07)*2,800

Manufacturing overhead rate variance= $5,404 favorable

8 0

3 years ago