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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

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Explanation: Futures contract refers to a legal binding which obligates a buyer and seller to transact about a commodity, good, security or services at a predetermined price but goods are delivered or paid for in the future.

Given the following ;

Portfolio value(p) = $20million

Portfolio Beta (b) = 1.2

Index price (i) = 1080

Multiplier = 250

Future value(A) = index price × multiplier

Future value(A) = 1080 × 250 = 270000

Number of contracts (N) = (portfolio value × portfolio Beta) ÷ future value

N = ($20,000,000×1.2)÷270000

N = 24000000 ÷×270000

N = 88.8888=88.89

N = 89 (NEAREST whole number)

7 0
3 years ago
Match the financial statement with its description. To match them, click the Description and then click the Financial Report Nam
kherson [118]

Answer:

a-3 / b-2 / c-4 / d-1

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Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.

is a process designed to provide reasonable assurance regarding the reliability of financial reporting.

Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.

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7 0
3 years ago
Suppose the majority of students who are graduating in May from a large university have found jobs and signed employment contrac
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G= Government Spending

In the given case, students which earlier had no income of their own, will now have a disposable income. Owing to which, their consumption spending would increase.

As a result of this, the savings would reduce.

Y = C + I + G

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Aggregate demand will increase as a consequence.

4 0
3 years ago
Which of the following groups are text effects in word
inn [45]

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salary

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Answer:

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