Answer:
i....I honestly don't know I've tried online but it shows nothing sorry
Equivalent units for materials total 40,000. There were 32,000 units completed and transferred out. Equivalent units for conversion costs equal 36,000. How much are the physical units for conversion costs if ending work in process is 50% complete
Answer: 40000
Explanation:
The physical units for conversion cost will be calculated as follows:
= Units completed and transferred out + (Equivalent units for conversion costs - Units completed and transferred out /Completion percentage)
= 32000 + (36000 - 32000 / 50% )
= 32000 + (4000/50%)
= 32000 + 8000
= 40000
Suppose management estimated the market valuation of some obsolete inventory at $99,000; this inventory was recorded at $120,000, which resulted in recognizing a loss of $21,000. The auditors obtained the following information: The inventory in question could be sold for an amount between $78,000 and $92,000. The costs of advertising and shipping could range from $5,000 to $7,000.
Required:
a. Would you propose an audit adjustment to the management estimate?
b. Prepare the appropriate accounting entry.
Answer:
a. An audit adjustment is needed since the best case scenario, where the net realizable value is highest would result in $92,000 - $5,000 = $87,000.
b. the value of inventory must decerase by $99,000 - $87,000 = $12,000, so COGS must increase by that amount:
Dr Cost of goods sold 12,000
Cr Merchandise inventory 12,000
E15.1B (L0 1) (Recording the Issuances of Common Stock) During its first year of operations, Endevor Corporation had the following transactions pertaining to its common stock. Apr. 26 Issued 15,000 shares for cash at $4.50 per share. May 11 Issued 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate. Aug. 1 Issued 20,000 shares for cash at $5 per share. Nov. 1 Issued 10,000 shares for cash at $7 per share. Instructions (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $1 per share. (b) Prepare the journal entries for these transactions, assuming that the common stock is no par with a stated value of $3 per share.
Answer:
Endevor Corporation
Journal Entries:
a) Assuming that the common stock has a par value of $1 per share
Apr. 26 Debit Cash $67,500
Credit Common stock $15,000
Credit APIC $52,500
To record the issue of 15,000 shares for cash at $4.50 per share.
May 11 Debit Attorneys' fees $48,000
Credit Common stock $10,000
Credit APIC $38,000
To record the issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.
Aug. 1 Debit Cash $100,000
Credit Common stock $20,000
Credit APIC $80,000
To record the issuance of 20,000 shares for cash at $5 per share.
Nov. 1 Debit Cash $70,000
Credit Common stock $10,000
Credit APIC $60,000
To record the issuance of issuance of 10,000 shares for cash at $7 per share.
b) Assuming the common stock is no par with a stated value of $3 per share:
Apr. 26 Debit Cash $67,500
Credit Common stock $45,000
Credit APIC $22,500
To record the issue of 15,000 shares for cash at $4.50 per share.
May 11 Debit Attorneys' fees $48,000
Credit Common stock $30,00
Credit APIC $18,000
To record the issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.
Aug. 1 Debit Cash $100,000
Credit Common stock $60,000
Credit APIC $20,000
To record the issuance of 20,000 shares for cash at $5 per share.
Nov. 1 Debit Cash $70,000
Credit Common stock $30,000
Credit APIC $40,000
To record the issuance of 10,000 shares for cash at $7 per share.
Explanation:
a) Data and Analysis:
a) Assuming that the common stock has a par value of $1 per share
Apr. 26 Cash $67,500 Common stock $15,000 APIC $52,500 for the issue of 15,000 shares for cash at $4.50 per share.
May 11 Attorneys' fees $48,000 Common stock $10,000 APIC $38,000 issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.
Aug. 1 Cash $100,000 Common stock $20,000 APIC $80,000 issuance of 20,000 shares for cash at $5 per share.
Nov. 1 Cash $70,000 Common stock $10,000 APIC $60,000 issuance of 10,000 shares for cash at $7 per share.
b) Assuming the common stock is no par with a stated value of $3 per share:
Apr. 26 Cash $67,500 Common stock $45,000 APIC $22,500 for the issue of 15,000 shares for cash at $4.50 per share.
May 11 Attorneys' fees $48,000 Common stock $30,000 APIC $18,000 issuance of 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate.
Aug. 1 Cash $100,000 Common stock $60,000 APIC $20,000 issuance of 20,000 shares for cash at $5 per share.
Nov. 1 Cash $70,000 Common stock $30,000 APIC $40,000 issuance of 10,000 shares for cash at $7 per share.
Do you think the phases work the same in construction as they do in event management or software development
Answer:
Yes
Explanation:
It is true that phases work the same in construction as they do in event management or software development because:
The constitution project phase defines and orchestrates the technical and methodical concept for the whole project including the design stage to the completion; It is a significant aspect to total completion and successful delivery of a construction project.
Typically, construction phases are commonly split into 4 vital phases including Planning, Preconstruction, Construction, and Close-out.
Hence, if a particular phase is missed or jumped over, there may be a problem, or the whole project will be jeopardized
Leon and Beth own 1/13 of a timeshare estate. They own weeks 20 and 21, and also weeks 40 and 41. These weeks are inheritable. What type of ownership is this
Answer: Fee simple.
Explanation:
The type of ownership applicable in this case is the fee simple ownership. The fee simple refers to a term in real estate such that the property owner has full ownership of the land as well as any buildings that are on such land and can do what he or she wishes on the land.
Based on the information given, since we are informed that Leon and Beth own 1/13 of a timeshare estate and own some particular weeks which are inheritable, thus is called the fee simple.
Fill in the type of cost that best completes each sentence.
a. Profits equal total revenue minus ______________ .
b. The term __________ refers to costs that involve direct monetary payment by the firm.
c. _____________ is falling when marginal cost is below it and rising when marginal cost is above it.
d. The cost of producing an extra unit of output is the _____________ .
e. __________ is always falling as the quantity of output increases.
f. The opportunity cost of running a business that does not involve cash outflow is a(an) ____________ .
Answer:
a. total cost
b. explicit cost
c. average variable cost
d. marginal cost
e. average fixed cost
f. implicit cost
Explanation:
Profit is total revenue less total cost
Total revenue =price x quantity sold
for example, if total revenue is 100,000 and total cost is 50,000, profit = 100,000 - 50,000 = 50,000
Explicit cost includes the amount expended in running the business. It involves direct monetary payment by the firm. It is used in calculating accounting profit.
They include rent , salary and cost of raw materials
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is used in calculating economic profit.
For example, if an entrepreneur left a job where he earns 100,000 to start a business. His implicit cost is 100,000.
Marginal cost is the additional cost generated by producing an additional unit of output.
For example, if the total cost of producing 10 units of a good is 100 and the total cost of producing 12 units is 120. Marginal cost
(120 - 100) / (12 - 10) = 10
Fixed cost is cost that does not vary with output. An example of fixed cost is rent
Average fixed cost = fixed cost / quantity of output.
for example, if fixed cost is 100,
average fixed cost when output is 10 units = 100 / 10 = 10
average fixed cost when output is 20 units = 100 /20 = 5
it can be seen that the average fixed cost reduces as output increases
i have a resturant which is famous for hydrabdi biryani but the ingredients are not avilable in the resturant suddenly if the guest will be came how i will manage it
According to this __________ perspective, international trade is unfair. The international system is inherently biased against developing countries.
Answer:
structuralism
Explanation:
The theory approach with respect to the social structure is known as the structuralism that studied the non-conscious regularities of expression done by the human i.e. it is non-observable structure that contains observable impact on the behavior, society & the culture
So as per the given situation, it is a structuralism
And, the same should be considered
MC Qu. 167 On its December 31, 2017, balance sheet... On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,000. During 2018, the company plans to purchase additional equipment costing $100,000 and expects depreciation expense of $40,000. Additionally, it plans to dispose of equipment that originally cost $52,000 and had accumulated depreciation of $7,600. The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are:
Answer:
$518,000 and $136,400
Explanation:
Calculation to determine what The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are:
EQUIPMENT
Equipment as on 1st Jan,2018 $470000
Add: Equipment Purchased $100000
Less: Equipment Sold ($52000)
Equipment Balance as on 31st Dec,2018 $518,000
ACCUMULATED DEPRECIATION
Accumulated Depreciation as on 1st Jan $94000
Add: Depreciation for the year $50000
Less: Depreciation of asset sold ($7600)
Accumulated Depreciation as on 31st Dec,18 $136,400
Therefore The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are:$518,000 and $136,400
When Susan, the CEO of Gregarious Simulation Systems, expanded her operations to a different international market, she was surprised to see how little competition she faced. In her home country, the competition for simulation systems is incredibly fierce. As a result of her international expansion, her firm has been able to easily position themselves as a major player. Which of the four categories of Porter's Diamond framework best explains this advantage?
a. competitive intensity in the focal industry
b. related and supporting industries/complementors
c. demand conditions
d. factor conditions
Answer: A competitive intensity in the focal industry.
Explanation:
Porter's competitive intensity explains the level of rivalry that exists in a particular industry. The competitive intensity is influenced by different factors, such as the fixed cost, concentration of the industry, switching cost, rate of industrial growth etc.
Therefore, from the information given, since the company expanded her operations to a different international market, and the subsequent little competition that was faced, this is explained by the competitive intensity in the focal industry.
Therefore, the correct option is A.
Tally Corp. sells softwares during the recruiting seasons. During the current year, 11,000 softwares were sold resulting in $440,000 of sales revenue, $110,000 of variable costs, and $48,000 of fixed costs. Contribution margin per software is:________. a) $30.00 b) $36.00 c) $40.00 d) $10.00
Answer:
A
Explanation:
Contribution margin is used to determine the profitability of a product. it is price less variable cost
Contribution margin = price - variable costs
Price = revenue / quantity sold
$440,000 / 11,000 = 40
Variable cost = total variable cost /output
$110,000 / 11,000 = 10
contribution margin = 40 - 10 = 30
Suppose a State of Nevada bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 5.5%, how much is the bond worth today
Answer:
$651.60
Explanation:
the worth of the bond today can be determined by calculating the present value of the bond's cash flow
Present value is the sum of discounted cash flows
Present value = cash flow / (1 + r)^n
r = interest rate
n = years
1000 / ( 1.055)^8 = $651.60
who is the richest person in the world ?
Answer:
Jeffrey Preston Bezos
Explanation:
Jeffrey Preston Bezos is an American investor, business tycoon, media proprietor, and he is founder and executive chairman of Amazon. Although, he had served as the chief executive officer (CEO), president and chairman of Amazon before becoming its executive chairman.
He was born on the 12th of January, 1964 in Albuquerque, New Mexico, United States of America.
According to Forbes magazine, Jeff currently has an estimated net worth of two hundred and five (205) billion dollars, making him the richest man in the world and on Earth.
In conclusion, Jeffrey Preston Bezos is the richest person in the world.
A proposed new project has projected sales of $132,000, costs of $66,000, and depreciation of $13,500. The tax rate is 30%. Calculate operating cash flow using the four different approaches. (Do not round intermediate calculations.)
Approaches:
EBIT + Depreciation - Taxes
Operating cash flow $ _____
Top-down
Operating cash flow $ _____
Tax-shield
Operating cash flow $ _____
Bottom-up
Operating cash flow $ _____
Is the answer the same in each case? Yes or No?
Answer:Operating cash flow $ _50,250__
Yes, the answer is same in each case
Explanation:
a) EBIT + Depreciation - Tax
= ($132,000-$66,000-$13,500) + $13,500 - Tax
= $52,500 + $13,500-(30% x $52,500)
=$52,500 + $13,500-15,750
EBIT + Depreciation - Tax=$50,250
b)Top down OCF = EBIT - (EBIT x Tax) + Depreciation
Top down OCF = $52,500 - ($52,500 x 30%) + $13,500
Top down OCF = $52,500 -15,750 + $13,500
Top down OCF =$50,250
Tax shield OCF =(Sales - Cost)(1-t) + Depreciation (t)
Tax shield OCF = ($132,000-$66,000) (1-0.30) + ($13,500 x0.30)
Tax shield OCF =$66,000 x 0.7 + 4,050
Tax shield OCF = 46,200+ 4,050
Tax shield OCF = $50,250
Bottom Up OCF = Net Income + Dep
Bottom Up OCF =($132,000-$66,000-$13,500 ) - Tax ) + Dep
Bottom Up OCF = $52,500-(0.3 x $52,500 )+ $13,500
Bottom Up OCF = $52,500 -15,750 + $13,500
Bottom Up OCF =$50,250
2. Yes, the answer is same in each case
MC Qu. 90 Sea Company reports the following information... Sea Company reports the following information regarding its production costs: Units produced 46,000units Direct labor$39per unit Direct materials$32per unit Variable overhead$21per unit Fixed overhead$115,000in total Compute the product cost per unit under absorption costing.
Answer:
Unit product cost= $94.5
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Unit product cost= direct material + direct labor + total unitary overhead
Total unitary overhead= 115,000 / 46,000= $2.5
Unit product cost= 39 + 32 + 21 + 2.5
Unit product cost= $94.5
A project with an initial investment of $460,100 will generate equal annual cash flows over its 11-year life. The project has a required return of 8.2 percent. What is the minimum annual cash flow required to accept the project
Answer: $65,075.85
Explanation:
Given that the cash flow should be constant, it will be an annuity.
The initial investment will be the present value of this annuity.
Present value of annuity = Annuity * ( 1 - (1 + rate)^-number of periods) / rate
460,100 = Annuity * ( 1 - (1 + 8.2%) ⁻¹¹) / 8.2%
460,100 = Annuity * 7.070211525
Annuity = 460,100 / 7.070211525
= $65,075.85
The following data are given for Harry Company: Budgeted production 1,088 units Actual production 946 units Materials: Standard price per ounce $1.976 Standard ounces per completed unit 11 Actual ounces purchased and used in production 10,718 Actual price paid for materials $21,972 Labor: Standard hourly labor rate $14.96 per hour Standard hours allowed per completed unit 4.2 Actual labor hours worked 4,872 Actual total labor costs $79,170 Overhead: Actual and budgeted fixed overhead $1,091,000 Standard variable overhead rate $28.00 per standard labor hour Actual variable overhead costs $136,416 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is a.$19,730.93 favorable b.$6,284.88 favorable c.$19,730.93 unfavorable d.$6,284.88 unfavorable
Answer:
Direct labor rate variance= $6,284.88 unfavorable
Explanation:
Giving the following information:
Standard hourly labor rate is $14.96 per hour
Actual labor hours worked 4,872
Actual total labor costs $79,170
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (14.96 - 16.25)*4,872
Direct labor rate variance= $6,284.88 unfavorable
Actual rate= 79,170 / 4,872= $16.25
Henry is an economist and wants to understand the relationship between inflation and consumer spending habits. For his research, he needs
the Consumer Price Index for 2014 and the Inflation rate. Based on the prices of goods given, what will to he find to be the CPI and Inflation rate for
2014? Assume that a consumer's basket for three consecutive years consists of the following:
Year
Price of an Apple
Number of Apples
Consumed
Price of an
Orange
Number of Oranges
Consumed
2012
2
3
3
2
2013
3
2
2014
Ut
5
Consider 2012 to be the base year.
• A.
100 CPI, 49.56 percent inflation
© B. 165 CPI, 45.40 percent inflation
© C. 185 CPI, 55.35 percent inflation
O D. 175 CPI, 60.56 percent Inflation
O E. 125 CPI, 50.60 percent inflation
Answer:
C. 185 CPI, 55.35 percent inflation
Amazon was one of the first online retailers to launch advanced technology to track consumer visits and suggest products whenever they returned to the site. This ability to find out what customers have bought in the past, and project that they will buy similar items in the future, has been a key factor underlying Amazon's strategy and growth. When Amazon asks customers if they plan on buying certain products in the future, it is measuring:_____.
Answer: Purchase intent
Explanation:
Purchase intent refers to the likelihood that customer will purchase a certain good or service in future. It enables the company using this model to advertise goods that have a higher purchase intent to the customer which would go a long way in persuading them to buy the product.
Amazon uses this strategy as well as others that track demand and price goods optimally which is one of the main reasons for their success.
A homesteaded property is located in Jupiter, Florida, in Palm Beach County. The property has been assessed at $185,000. The city tax rate is 8.8 mills, the county tax rate is 9.3 mills, and the school board levy is 6.5 mills. The owner is a widow and has qualified for and received homestead tax exemption. How much will the owner pay in property taxes
Answer:
The owner will pay in property taxes the sum of:
= $3,321.
Explanation:
a) Data and Calculations:
Assessed value of property = $185,000
City tax rate = 8.8 mills
County tax rate = 9.3 mills
School board levy = 6.5 mills
Total property rate = 24.6 mills
Homestead tax exemption in Florida = $50,000
Taxable property value = $135,000 ($185,000 - $50,000)
Property tax liability = $135,000 * 24.6/1,000 = $3,321
You bought 200 shares of Honda stock at $300 per share. You think it is a good idea to sell your stock once its market price is quadrupled. If the stock price increases 30% every year, how long will you have to wait before you sell your stock
Answer:
You will have to wait 6 years before you sell the stock.
Explanation:
a) Data and Calculations:
Honda stock bought = 200
Price per share = $300
Annual increase in price = 30%
Future value factor at 30% for 6 years = 4.827
Future value of the stock after 6 years = $14,481 ($300 * 4.827)
By this time, the value of the stock has quadrupled or become more than four times its value when it was initially purchased, if it continues to increase by 30% year-on-year.
The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 pounds Standard price $13.20 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 4,800 pounds Actual cost of materials purchased $62,880 Actual materials used in production 4,800 pounds Actual output 700 units The direct materials purchases variance is computed when the materials are purchased. 1) What is the materials price variance for the month?A) $6,600 U.B) $16,104 U.C) $15,982 U.D) $6,550 U 2) What is the materials price variance for the month? A) $480 F.B) $430 U.C) $430 F.D) $480 U.
Answer:
Results are below.
Explanation:
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (13.2 - 13.1)*4,800
Direct material price variance= $480 favorable
Actual price= 62,880 / 4,800= 13.1
To calculate the direct material quantity variance, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (4.4*700 - 4,800)*13.2
Direct material quantity variance= $22,704 unfavorable
Estrada Corporation produced 204,000 watches that it sold for $18 each. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $816,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin.
Variable cost per unit
Total sales 204,000 x $18 = $3,672,000
Gross margin (given) $816,000
COGS=Total Sales -Gross Margin ($3,672,000-816,000)= $2,856,000
Total Fixed Cost 204,000 x $9 = $1,836,000
COGS Total variable cost + total fixed cost 2,856,000-1,836,000=$1,020,000
variable cost per unit (1020,000/204,000)= $5
Contribution margin $2,652,000
Given:
Number of watch produced = 204,000
Selling price of each watch = $18
Fixed cost = $9 per watch
Gross margin = $816,000
Find:
Variable cost per unit
Total variable product cost
Total contribution margin
Computation:
Total sales Value = 204,000 × $18
Total sales Value = $3,672,000
Cost of goods sold = Total Sales - Gross Margin
Cost of goods sold = $3,672,000 - $816,000
Cost of goods sold = $2,856,000
Total Fixed Cost = 204,000 × $9
Total Fixed Cost = $1,836,000
Cost of goods sold = Total variable cost + Total fixed cost
So,
Total variable cost = $2,856,000 - $1,836,000
Total variable cost = $1,020,000
Variable cost per unit = $1020,000 / 204,000
Total variable cost = $5
Contribution margin = $3,672,000 - $1,020,000
Contribution margin = $2,652,000
Learn more:
https://brainly.com/question/19264460?referrer=searchResults
In an indirect message, valid reasons for the refusal are presented before the bad news. Which option is most effective
Answer:
Following are the response to the given question:
Explanation:
The oblique message attempts to soften a piece of bad news, in order to achieve this aim, a soothing discourse sends the message describing why the negative stuff was being reported prior to hit the fact and minimizing its effect. Throughout the case of transmitting bad news, indirect speech is better accepted, because persons tend to better accept the explanation. So letter c matches an oblique speech better effectively, that's why These acceptability guidelines for the used computer hardware would have to be established since only new computers offer guarantees, young elite, and matching devices.
a. Suppose Whole Foods adopts a cost leadership strategy for its new business. What would be the advantages and disadvantages of this strategy
Answer:
The answer is below
Explanation:
Some of the advantages the Whole Foods will derive when they adopt a cost leadership strategy:
1. The firm will earn more profits
2. The market share will increase
3. There will be more availability of capital for the business growth
Some of the disadvantages the Whole Foods will derive when they adopt a cost leadership strategy:
1. Financial reduction in vital areas of the business that might affect the successful running of the business
2. It lowers innovation in production
3. It promotes the production of lower quality commodities
Assume that the demand for bicycles increases significantly at the same time that there is an increase in the number of people qualified to make bicycles. What would happen to the market equilibrium quantity of labor and wage rate for the labor to produce bicycles
Answer: The quantity of labor increases, and the effect on the wage rate is indeterminate.
Explanation:
The supply of people who can make bicycles has increased at the same time the demand for bicycles has increased. The supply curve would therefore shift to the right and so would the demand curve for labor. They will intersect at a new point where the quantity of labor has now increased.
Unfortunately, the effect on the wag rate would be indeterminate because the wage rate might just stay the same on account of the supply increasing along with the demand instead of either of them increasing unilaterally. When tis happens, the change is said to be indeterminate.
Match the elements of the marketing mix to the scenarios that portray them.
product
price
place
promotion
price-a company decides on the worth of a product, keeping in mind the disposable income of its customers.
promotion-a company raises awareness about a revolutionary medication that guarantees reduction in hair loss
product-something offered to customers in return for a pre-decided value
place-the most feasible location for selling the goods
C Qu. 97 Bioclean Co. sells a biodegradable... Bioclean Co., a merchandiser, sells a biodegradable cleaning product and has predicted the following sales for the first four months of the current year: Jan. Feb. March April Sales in Units2,500 2,700 2,900 2,400 Ending inventory for each month should be 20% of the next month's sales, and the December 31 inventory is consistent with that policy. How many units should be purchased in February
Answer:
Bioclean Co.
The units that should be purchased in February are:
= 2,740 units.
Explanation:
a) Data and Calculations:
Jan. Feb. March April
Sales in Units 2,500 2,700 2,900 2,400
Ending inventory 540 580 480
Units available for sale 3,040 3,280 3,380
Beginning inventory 0 540 580 480
Purchases 3,040 2,740 2,800
b) The units to be purchased in February are computed as Ending inventory of 580 units Plus Sales of 2,700 units Less Beginning inventory of 540 units.
Lusk Corporation produces and sells 15,400 units of Product X each month. The selling price of Product X is $24 per unit, and variable expenses are $18 per unit. A study has been made concerning whether Product X should be discontinued. The study shows that $73,000 of the $104,000 in monthly fixed expenses charged to Product X would not be avoidable even if the product was discontinued. If Product X is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:_______.
a. ($61,400)
b. $11,600
c. $42,600
d. ($42,600)
Answer: A
Explanation: 61,400 hope you have a great day
Holton Company has the following equivalent units for July: materials 20,000 and conversion 18,000. Production cost data are:
Materials Conversion
Work in process, July 1 $8,000 $3,750
Costs added in July 63,000 52,500
The unit production costs for July are: __________
Answer:
$3.55; $3.13
Explanation:
Calculation to determine what The unit production costs for July are:
Using this formula
Unit product cost = (Beginning work in progress + Cost added) / Number of units
MATERIALS
Unit product cost=($8000+$63,000) / 20,000 units
Unit product cost=$71,000/20,000
Unit product cost=$3.55
CONVERSION
Unit product cost = ($3750+$52500) / 18,000
Unit product cost=$56,250/18,000
Unit product cost=$3.125
Unit product cost=$3.13 (Approximately)
Therefore The unit production costs for July are:$3.55; $3.13
