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Delvig [45]
2 years ago
13

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

Department, started the month with 18,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $16,700. An additional 85,000 units were started into production during the month. There were 18,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $837,880 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:
Multiple Choice


$8.486


$9.965


$8.738


$9.200
Business
1 answer:
BartSMP [9]2 years ago
5 0

Answer:

Correct answer is 8.738

Explanation:

Unit transferred out

= Beginning wip+unit started-ending wip

= 18200+85000-18000

Unit transferred out = 85200 unit

Equivalent unit

= Units transferred out+Ending inventory*percent completion

 = 85200+(18000*70%)

Equivalent unit = 97800 units

cost per equivalent unit of conversion cost

= Total cost/equivalent unit

= (16700+837880)/97800

Cost per equivalent unit of conversion cost = 8.738

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Employees at GloboTech, a start-up software company, noticed that the owner overlooked certain questionable actions of high bill
gavmur [86]

Explanation:

This question refers to the ethical behavior of current leaders, whose actions and initiatives are based on individual analysis of certain situations, so that value judgments are made in a precise way to consider the benefits of ethical or unethical behaviors of employees for the organization.

3 0
2 years ago
Bolster Soda had an accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Castor Soda had a turnover ratio of
Bess [88]

Answer:

This implies Bolster Soda collects receivables more effectively and quickly than Castor Soda in the two years.

Explanation:

The accounts receivable turnover ratio refers to an accounting ratio that is used to show the how effective a firm is in collecting the receivables or money its clients are owing it.

This implies that accounts receivable turnover ratio is used to determine the extent to which a firm ie effectively managing the credit it gives to customers and how quickly the firm collects that that short-term debt.

The formula for calculating the accounts receivable turnover ratio is as follows:

Accounts receivable turnover ratio =  Net credit sales / Average accounts receivable

When the accounts receivable turnover ratio is high, it implies that the company is efficient is collecting debt and a high percentage of its cutomers are paying up their debts.

The account receivable turnover ratios in the question therefore imply Bolster Soda collects receivables more effectively and quickly than Castor Soda in the two years.

3 0
2 years ago
The following information was taken from the accounting records of Gorky Corporation for the year ended December 31, Year 1: Cas
Romashka-Z-Leto [24]

Answer:

Cash flow generated from financing activities: 5,200,000

Explanation:

Financing activities are the cash outflow and inflow from the company's debt and equity. Take and repayment of debt, interest on debt and dividend yield will be included in this section:

Cash received from issuance of notes payable    8,000,000

Dividends paid on Gorky common stock                (800,000)

Repayment of notes payable                           <u>     (4,000,000)   </u>

Cash flow generated from financing activities: 5,200,000

The machinery and planyt building are not financing activities. So we ignore them.

8 0
2 years ago
hen Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive
pav-90 [236]

Answer: Employee separation

Explanation:

From the question, we are informed that Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive quarters, and that his manager asked him to resign.

In the context of human resource planning, this scenario best illustrates employee separation. Employee separation has to do with situation whereby the services of an employee is no longer needed by an organization.

7 0
2 years ago
A company has an ending accounts receivable balance of $900,000 and estimates that uncollectible accounts will be 2% of its acco
Juliette [100K]

Answer:

$20,000

Explanation:

Allowance for uncollectible accounts will be 2% of its accounts receivable = 2% * 900,000 = $18,000

the balance of the Allowance for Doubtful Accounts after year-end = a credit balance of $2,000 + allowance for  uncollectible accounts in year of $18,000

= $20,000

5 0
2 years ago
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