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
svetoff [14.1K]
3 years ago
7

Hache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding D

epartment, started the month with 17,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $7,480. An additional 89,000 units were started into production during the month and 92,000 units were completed in the Welding Department and transferred to the next processing department. There were 14,000 units in the ending work in process inventory of the Welding Department that were 90% complete with respect to conversion costs. A total of $202,400 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:
A. 2.274

B. 2.200

C. 2.007

D. 1.965
Business
1 answer:
uranmaximum [27]3 years ago
4 0

Answer:

C. $2.007

Explanation:

The computation of cost per equivalent unit for conversion costs is shown below:-

For calculating the cost per equivalent unit for conversion costs first we need to find out the equivalent unit of conversion and conversion cost which is shown below:-

Equivalent unit of conversion = Completed units + (Ending units × Complete percentage)

= 92,000 + (14,000 × 90%)

= 104,600 units

Conversion cost = Beginning inventory + Total of conversion cost

= $7,480 + $202,400

= $209,880

Cost per equivalent unit of conversion cost =  Conversion cost ÷ Equivalent unit of conversion

= $209,880 ÷ 104,600

= $2.007

You might be interested in
In the month of June, a department had 20,000 units in Beginning Work-in-Process that were 70% complete. During June, 90,000 uni
BigorU [14]

Answer:

110,000 units

Explanation:

<u>Calculation of the equivalent units of production for materials in June</u>

Beginning work in process                                              20,000

Units started and completed (90,000-10,000)               80,000  

Ending work in process                                                    <u>10,000</u>

Equivalent units of production for materials for June <u>110,000</u> units

3 0
3 years ago
Jkjgvvvv k11 . jd.ddc.c.c.c.c.c.c.c.c.cc.c.c.c.c.cc.cc.c.c.c.
BabaBlast [244]

Answer:

Ask your question <u>properly</u>

<u>and </u><u>also </u><u>follow </u><u>me </u>

6 0
3 years ago
Label the following statements as True or False.
kumpel [21]

Answer:

1. All else equal, countries with more natural resources have a higher GDP per capita than those with few natural resources. - True

All else being equal (ceteris paribus), if a country is endowed with more natural resources, it will have a higher GDP per capita than a country with less natural resources, because it will be able to trade and transform those natural resources for a lower cost, allowing it to produce more goods and services.

2. Over the past two hundred years, improvements in productivity have offset lost productivity reduction due to less land being available. - True

This statement is true. In the modern-era, thanks to the green revolution, and other technological improvements, more food can be produced in less land. Many analysts coincide that if the green revolution had not come about, humanity would have been subject to permanent famine.

3. The key to prosperity in the 20th century is an economy rich in natural resources. - False

The key to prosperity in the 20th century is simply producing more goods and services, and human capital has been seen as a more important factor for this than natural resources. For example, countries that are poor in natural resources and are rich such as Japan and South Korea, are so because they have very well-educated populations that produce high quality goods and services.

4. Human and physical capital are only beneficial to an economy when there is an abundance of natural resources in the economy. - False

Human and physical capital can benefit an economy even in the absence of natural resources, because natural resources can be imported. Again, the example of Japan works because the island nation is poor in natural resources, but rich in human capital, and not so deprived of physical capital, and has managed to become a developed nation by highly compex finished goods for natural resources.

6 0
3 years ago
Although we usually think of marketing in terms of the piles of consumer goods begging for our dollars every day, the reality is
elixir [45]

Answer: a lot more

Explanation: Organizations and businesses buy a lot more than consumers. They purchase industrial goods in large quantities to further process or use in their own business operations.

5 0
2 years ago
Vande Velde Company made three investments during 2017. Where will Vande Velde report these investments in the fair value hierar
Debora [2.8K]

Answer:

a. level 3

b.level 1

c. level 2

Explanation:

Vande Velde Company made three investments during 2017. Where will Vande Velde report these investments in the fair value hierarchy?1. It purchased 1,000 shares of Sastre Company, a start-up company. Vande Velde made the investment based on valuation estimates from an internally developed model.2. It purchased 2,000 shares of GE stock, which trades on the NYSE. 3. It invested $10,000 in local development authority bonds. Although these bonds do not trade on an active market, their value closely tracks movements in U.S. Treasury bond.

The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1), and the lowest priority to unobservable inputs (Level 3) while Level 2 assets are financial assets and liabilities that are neither easy or overly complex to value.Going by the explanation the investment will be given hierarchy 3, 2,1

if Van verde purchased shares on the New York stock Exchange , then the percentage in price over time is more than the other two options . In stock purchase, investors can realised more profit on their  stocks than bond which can give like 10-15% on the initial cash outlay. The only caveat is that Stocks is a little bit risky and could be volatile owing to price fluctuations ,and the forces of demand and supply.

7 0
2 years ago
Other questions:
  • A truck costs​ $316,000 and is expected to be driven​ 116,000 miles during its​ five-year life. Residual value is expected to be
    11·2 answers
  • Question 24 (multiple choice)
    8·1 answer
  • If quotas on sugar were eliminated in the United States, domestic production of sugar would fall. Why is this a benefit in econo
    5·1 answer
  • You’ve recently learned that the company where you work is being sold for $300,000. The company’s income statement indicates cur
    14·1 answer
  • On March 1, 2021, Brown-Ferring Corporation issued $100 million of 12% bonds, dated January 1, 2021, for $99 million (plus accru
    7·1 answer
  • For purposes of allocating joint costs to joint products, the estimated net realizable value at split-off is equal to A. final s
    11·1 answer
  • Buying power of dollar through the years
    5·1 answer
  • According to the law of demand consumer demand for a product will decrease if
    14·2 answers
  • The following data are available relating to the performance of Monarch Stock Fund and the market portfolio: Monarch Market Port
    11·1 answer
  • Broker Janet just finished a direct e-mailing campaign. How should Janet follow-up on direct e-mail advertising?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!