Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow:
Units Materials Labor Overhead
Work in process inventory, beginning 64,000 $64,800 $27,900 $34,600
Units started in process 609,000
Units transferred out 630,000
Work in process inventory, ending 43,000
Cost added during the month $856,330 $343,735 $426,740
The beginning work in process inventory was 85% complete with respect to materials and 70% complete with respect to labor and overhead. The ending work in process inventory was 65% complete with respect to materials and 25% complete with respect to labor and overhead.
Required:
a. Compute the first department's equivalent units of production for materials, labor, and overhead for the month.
b. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month.
Answer:
Pureform, Inc.
Materials Labor Overhead
a. Equivalent units of production 657,950 640,750 640,750
b. Cost per equivalent unit $1.4 $0.58 $0.67
Explanation:
a) Data and Calculations:
Units
Work in process inventory, beginning 64,000
Units started in process 609,000
Units available for processing 673,000
Units transferred out 630,000
Work in process inventory, ending 43,000
Materials Labor Overhead
Work in process inventory, beginning $64,800 $27,900 $34,600
Cost added during the month $856,330 $343,735 $426,740
Total production costs for the month $921,130 $371,635 $430,200
Equivalent units of production:
Units Materials Labor Overhead
Units transferred out 630,000 630,000 630,000 630,000
Work in process inventory, ending 43,000 27,950 10,750 10,750
Equivalent units of production 657,950 640,750 640,750
Cost per equivalent unit:
Materials Labor Overhead
Total production costs for the month $921,130 $371,635 $430,200
Equivalent units of production 657,950 640,750 640,750
Cost per equivalent unit $1.4 $0.58 $0.67
Accurate Metal Company sold 36,500 units of its product at a price of $340 per unit. Total variable cost per unit is $179, consisting of $172 in variable production cost and $7 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.
Answer: $6,132,000
Explanation:
The manufacturing margin for the company under variable costing will use the variable production costs only as these are the variable costs incurred during manufacturing:
Variable manufacturing margin = ( Sales price - Variable cost per unit) * number of units
= (340 - 172) * 36,500
= 168 * 36,500
= $6,132,000
If a firm was receiving subsidies from its government to produce and lower its operating costs, what may happen when going to sell its products to other countries
Answer:
Government subsidies some countries soften bed
Two investment centers at Marshman Corporation have the following current-year income and asset data:
Investment Center A Investment Center B
Investment center income$525,000 $635,000
Investment center average invested assets$4,600,000 $3,050,000
The return on investment (ROI) for Investment Center A is:________.
Answer: 11.41%
Explanation:
Return on assets refers to the amount of income earned per capital invested. It is calculated by the formula:
= Net income / Average assets invested
ROI for Center A will therefore be:
= 525,000 / 4,600,000
= 0.1141
= 11.41%
The summarized balance sheets of Blossom Company and Nash Company as of December 31, 2021 are as follows:
Blossom Company Balance Sheet December 31, 2021
Assets $1750000
Liabilities $170000
Capital stock 875000
Retained earnings 705000
Total equities $1750000
Nash Company Balance Sheet December 31, 2021
Assets $1280000
Liabilities $280000
Capital stock 890000
Retained earnings 110000
Total equities $1280000
If Blossom Company acquired a 20% interest in Nash Company on December 31, 2021 for $300000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Nash) would have been:__________
a. $300000.
b. $200000.
c. $256000.
d. $178000.
Answer:
The amount of the debit to Equity Investments (Nash) would have been:__________
b. $200,000.
Explanation:
a) Data and Calculations:
Blossom Company Balance Sheet December 31, 2021
Assets $1750000
Liabilities $170000
Capital stock 875000
Retained earnings 705000
Total equities $1750000
Nash Company Balance Sheet December 31, 2021
Assets $1280000
Liabilities $280000
Capital stock 890000
Retained earnings 110000
Total equities $1280000
Nash's net assets = $1,000,000 ($1,280,000 - $280,000)
Equity investment = 20% of $1,000,000 = $200,000
Goodwill on acquisition = $100,000 ($300,000 - $200,000)
Waterway Industries can produce and sell only one of the following two products: Oven Contribution Hours Required Margin Per Unit Muffins 0.2 $4 Coffee Cakes 0.3 $5 The company has oven capacity of 1500 hours. How much will contribution margin be if it produces only the most profitable product
Answer:
$30,000
Explanation:
Muffins Coffee Cakes
Contribution Per Unit (A) $4 $5
Oven Hours Required (B) 0.2 0.3
Contribution Per Hour $20 $16.67
Rank 1 2
Total Hours Available 1,500
Hours Required for 1 Unit of Muffin 0.2
Total Muffins Production with 1500 Hours (1,500/.2) 7,500
Contribution Per Unit $4
Total Contribution (7,500*$4) $30,000
5-5 TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you
plan to deposit an additional $5,000 at the end of every future year until your account totals
$220,000. You expect to earn 12% annually on the account. How many years will it take to
reach your goal?
Answer:
22 is the right answer bro fgjjfycugyvyygyghu
Example Payback period of a new machine Let’s say that the owner of Perfect Images Salon is considering the purchase of a new tanning bed. It costs $10,000 and is likely to bring in after-tax cash inflows of $4,000 in the first year, $4,500 in the second year, $10,000 in the 3rd year, and $8,000 in the 4th The firm has a policy of buying equipment only if the payback period is 2 years or less. Calculate the payback period of the tanning bed and state whether the owner would buy it or not. Calculate the discounted payback period of the tanning bed, stated in Example 1 above, by using a discount rate of 10%.
Answer:
Payback PeriodPayback period = Year before payback + Amount left to be paid back / Cashflow in year of payback
In year 2, the bed would have paid back:
= 4,000 + 4,500
= $8,500
Would be left with:
= 10,000 - 8,500
= $1,500
Payback period = 2 + 1,500 / 10,000
= 2.15 years
Company will not buy as payback period is more than 2 years.
Discounted payback period.Discount the cashflows first:
Year 1 = 4.000 / 1.1 = $3,636.36
Year 2 = 4,500 / 1.1² = $3,719
Year 3 = 10,000 / 1.1³ = $7,513.15
Year 4 = 8,000 / 1.1⁴ = $5,464.11
Discounted payback period = Year before payback + Amount left to be paid back / Cashflow in year of payback
= 2 + (10,000 - 3,636.36 - 3,719) / 7,513.15
= 2 + 2,644.64 / 7,513.15
= 2.35 years
If the price of oil, a close substitute for coal, increases then:
a. the demand curve for coal will shift to the right.
b. equilibrium price and quantity of coal will not change.
c. supply curve for coal will shift to the right.
d. demand curve for coal will shift to the left.
e. supply curve of coal will shift to the left.
Answer:
A
Explanation:
Substitute goods are goods that can be used in place of another good.
if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.
If the price of oil increases, it becomes cheaper to buy coal. As a result, there would be a rightward shift of the demand curve for coal. As a result, the equilibrium price and quantity would increase
Which part of a persuasive message should catch your audience's interest and lure them into your
topic?
O Concluding device
O Attention statement
O Epilogue
O Supporting material
Answer:
Attention Statement
Explanation:
The name is self explanitiry
If the price level is above the equilibrium price level, how does the aggregate quantity of goods and services demanded compare to the aggregate quantity of goods and services supplied at the price level?
Answer:
When price is above the equilibrium price level, quantity demanded would be less than the quantity supplied. This would lead to a surplus
Explanation:
Equilibrium price is the price at which quantity demand equal quantity supplied.
Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded. As a result of the surplus, price would fall until equilibrium is reached.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied. As a result of the shortage, price would rise until equilibrium is reached.
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Cost Machine Hours January $88,020 9,800 February 150,430 17,700 March 103,350 11,700 April 129,310 15,000 a.$33,900 b.$18,000 c.$8,500 d.$10,600
Answer:
d. $10,600
Explanation:
Variable cost = (Highest activity cost - Lowest activity cost) / (Highest activity units - Lowest activity units)
Variable cost = ($150,430 - $88,020) / (17,700 - 9,800)
Variable cost = $62,410 / 7,900
Variable cost = $7.9
Fixed cost = Highest activity cost - (Variable cost per unit*Highest activity units)
Fixed cost = $150,430 - ($7.9*17,700)
Fixed cost = $150,430 - $139,830
Fixed cost = $10,600
Select the correct answer.
Why is it necessary to review job trends while making a career plan?
OA
to review past achievements
OB.
to explore new training opportunities
O C.
to list wants and needs
OD.
to build the résumé
Answer:
1 is incorrect dude is wrong above
Explanation:
Which of the following is not an action company co-managers can take to help meet or beat the investor-expected increases in the company's stock price in upcoming years?
a. Increasing annual dividend payments to shareholders most every year
b. Pursuing efforts to increase total operating profits in all four geographic regions the resulting growth in operating profits will improve total net profit and help raise the EPS, driving the company's stock price upward
c. Increasing the amount of earnings retained in the business, thereby building a large amount of cash held in the company's retained earnings account on its Balance Sheet
d. Using a portion of cash flows from operations to repurchase shares of common stock on a regular basis
e. Building the company's earnings per share and retrun on equity; it is widely-known that these are important factors that drive the company's stock price
Answer:
c. Increasing the amount of earnings retained in the business, thereby building a large amount of cash held in the company's retained earnings account on its Balance Sheet
Explanation:
In the case when the retained earnings in increased so it created the large amount of cash that should be held in the retained earning account of the company in the balance sheet but the same should not have any kind of impact for beating the expectation of the investor for increase in the stock price in near future
So, the option c is correct
In a project schedule, the sequence of activities which cannot be delayed during the course of the project without extending the project end date is referred to as the:
Answer:
Critical path
Explanation:
Project
This is simply known as a temporary work with a clearly state out timeframe or timeline from its starting (beginning) to the ending. it often brings about a unique product, service, or event. The various tasks in a project is specific to the defined project goal or objective and can be described within limits of time.
Critical path
This is simply regarded as the longest path via a network diagram, that shows the shortest amount of time by when project can or should be completed. the critical path method commonly called CPM is broken down into:
Earliest start time (ES) - This is simply the fastest or earliest a said activity can start without starting before any formal activities.
Earliest finish time (EF) - This is how fast or earliest an activity can finish.
Latest start time (LS) - This is simply known as the latest time an activity can start without delaying the entire project.
Latest finish time (LF) - This is simply the latest time an activity can finish without delaying the entire project.
Critical Path Analysis is a known project management tool that lets out all the individual activities that make up a larger project and it often shows the order in which activities have to be undertaken etc,
Which of the following The holding-period return (HPR) on a share of stock is equal to(s) the level of real interest rates? I) The supply of savings by households and business firms II) The demand for investment funds III) The government's net supply and/or demand for funds
Answer: D. I, II, and III.
Explanation:
The demand for investment funds determines the demand for loanable funds and when this is higher than the supply, the rate increases. The reverse it true. It therefore affects real interest rates.
The savings of households and business firms are the source of loanable funds so if these are high relative to demand, the rate will decrease. The reverse is true.
Government demand for funds will increase interest rates as the supply will decrease when the government borrows massively. The reverse is true.
All three therefore impart real interest rates.
A fixed asset with a cost of $41,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at $60,000. Assuming a trade-in allowance of $3,000, the recognized loss on the trade is
Answer:
1,500
Explanation:
The fixed assets cost is $41,000
The accumulated depreciationn is $36,500
Similar assets was priced at $36,000
Trade in allowance is $3000
Therefore the recognised law on trade can be calculated as follows
41,000-36,500-3,000
= 1,500
Money spent on groceries is an example of a/an
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: Sales $ 17,700,000 Net operating income $ 5,300,000 Average operating assets $ 35,100,000 Required: 1. Compute the margin for Alyeska Services Company. (Round your answer to 2 decimal places.) 2. Compute the turnover for Alyeska Services Company. (Round your answer to 2 decimal places.) 3. Compute the return on investment (ROI) for Alyeska Services Company.
Answer:Profit margin = 29.94%
Asset Turnover =0.50
Return on investment (ROI) =15.09%
Explanation:
Given
Sales for the year = $ 17,700,000
Net Operating Income = $ 5,300,000
Average Operating Assets = $ 35,100,000
a)Profit margin = (Net operating income/Net sales ) x 100%
= $5,300,000/$17,700,000 x 100% = 29.94%.
This shows that the Alyeska Services company has ability to turn income to profit by 29.94%
b. Asset Turnover = Total Sales/ Average Total Assets = $17,700,000/$35,100,000 = 0.50
c. Return on investment (ROI) =Net income/Total investment x 100%
= $ 5,300,000/ $ 35,100,000 x 100% =15.09%
HOW CAN I CREATE A PERFECT SALES STRATEGY?
Answer:
B2B marketers and businesses are using LinkedIn automation to strengthen their sales and marketing strategy.
Here is how;
Engage With The Right AudienceTake Advantage of LinkedIn GroupsSend Personlized Outreach MessagesMost of the lead generation and sales tactics on LinkedIn require a lot of time if you choose to do them manually.
A downward-sloping yield curve generally indicates which of the following
(I) higher current short-term interest rates
(II) higher inflation expectations in future years
(III) a strong possibly of a recession within the next year
a) (I) and (III).
b) (II).
c) (III) only.
d) all are correct.
Answer:
a
Explanation:
A yield curve is a graph that plots the interest rate of bonds at a set point in time.
When the yield curve is downward sloping, it is expected that short term interest rate would be higher than the long term interest rate.
A downward sloping yield curve can be an indictor of coming recession.
A recession is when the GDP of a country for two consecutive quarters is negative. In a period of recession, interest rate is usually lower.
A downward sloping yield curve can also be an indicator that there is an expectation of lower inflation rate in coming years.
If the yield curve is upward sloping, the short term interest rate would be lower than the long term interest rate
A flat yield curve is an indicator that interest rate would be constant
three (3) State taxes and briefly describe each
XYZ has two divisions: South and West. Overall net operating income is $26,900. South Division's segment margin is $42,800 and West Division's segment margin is $29,900. What is the amount of the common fixed expense not traceable to the individual divisions?
a. $45,800.
b. S56800.
с.$69,700.
d. $72,700.
Answer:
a. $45,800.
Explanation:
The computation of the common fixed expense not traceable is given below
Combined segment margin of two divisions ($42,800 + $29,900) $72,700
Less: net income -$26,900
Non traceable fixed cost $45,800
Hence, the amount of the common fixed expense not traceable to the individual divisions is $45,800
Therefore the option a is correct
ai là người giàu nhất thế giới
Answer:
Jeff Bezos
Explanation:
Jeff Bezos là người sáng lập Amazon và có giá trị tài sản ròng là 205 tỷ USD
Đây là danh sách các nhà vận chuyển tiền được xếp hạng:
https://www.forbes.com/real-time-billionaire/#114ff8bb3d78
Jeff Bezos is the founder of Amazon and has a net worth of $205 billion Here's a list of billionaire's ranked:
https://www.forbes.com/real-time-billionaires/#114ff8bb3d78
A statement of cash flows helps answer all of the following: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
a. What explains the changes in the cash account?
b. Where does a company spends its cash?
c. How can the company improve its operations?
d. How does a company receives its cash?
e. What are the changes in the non-cash accounts?
Answer:
I think A and D tell me if I'm wrong
ABC Corp. issued $100,000 of bonds at a premium; as a result, the company: A. received more than $100,000. B. received less than $100,000. C. will pay the bondholders more money on the maturity date than it received on the issue date. D. received $100,000.
Answer:
A
Explanation:
If the yield to maturity is greater than the bonds coupon rate the bond is selling at a discount. Bond issuers would receive less than the face value of the bond as payment when the bond is sold
If the yield to maturity is less than the bonds coupon rate the bond is selling at a premium. Bond issuers would receive a greater sum than the face value of the bond as payment when the bond is sold
If a bond’s coupon rate is equal to its yield to maturity, then the bond is selling at par. Bond issuers would receive an amount equal to the face value of the bond as payment when the bond is sold
World-Tour Co. has just now paid a dividend of $2.83 per share (Div0); its dividends are expected to grow at a constant rate of 6 percent per year forever. If the required rate of return on the stock is 16 percent, what is the current value of the stock, after paying the dividend
Answer:
the current value of the stock is $30
Explanation:
The computation of the current value of the stock is given below:
Price of stock today is
= Dividend per share × (1 + growth rate) ÷ (required rate of return - growth rate)
= $2.83 × (1 + 0.06) ÷ (0.16 - 0.06)
= $2.9998 ÷ 0.10
= $29.9980
= $30
Hence, the current value of the stock is $30
Why should you think of your résumé as a marketing document?
Explanation:
A résumé is a marketing document that represents you when you are not there. A résumé quantifies your accomplishments and proves your worth to your future employer by proving your worth to your previous employer.
Corporation sold 210000 watches and produced 217000 watches that it sold for $19 each. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,302,000 gross margin on its financial statements. Determine the total contribution margin.
Answer:
The total contribution margin is:
= $2,982,000.
Explanation:
a) Data and Calculations:
Production units = 217,000 watches
Sales units = 210,000 watches
Sales price per watch = $19
Sales revenue = $3,990,000 (210,000 * $19)
Cost of goods sold 2,688,000 ($3,990,000 - $1,302,000) ($12.80 each)
Gross profit = $1,302,000
Cost of goods sold per unit = $12.80 ($2,688,000/210,000)
Fixed cost per unit = $8
Variable cost per unit = $4.80 ($12.80 - $8.00)
Contribution margin per unit = $14.20
Total contribution margin = $2,982,000 ($14.20 * 210,000)
A-Rod Fishing Supplies had sales of $2,500,000 and cost of goods sold of $1,710,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was 6 percent of the total assets of $4,680,000.
What was the firm's operating profit?
Answer:
$259,200
Explanation:
A-Rod Fishing Supplies
Income Statement
Sales Revenue $2,500,000
Less Cost of Sales ($1,710,000)
Gross Profit $790,000
Less Operating Expenses
Selling and administrative expenses $250,000
Depreciation expense $280,800 ($530,800)
Operating Profit $259,200
thus,
the firm's operating profit is $259,200
