Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,200 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,300 50% Conversion costs $ 3,500 20% A total of 8,600 units were started and 7,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 160,500 Conversion costs $ 122,200 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to:
Answers
Answer: $16.19
Explanation:
Equivalent Units = Units completed and transferred + Ending Inventory completed
Ending Inventory = Beginning inventory + Units started into production - Units transfered to second processing department
= 2,200 + 8,600 - 7,900
= 2,900 units
Equivalent Units = 7,900 + (2,900 * 85%)
= 10,365 units
Cost per equivalent unit = Total Material Cost / Equivalent Units
= ( Beginning material cost + Material cost incurred during the month) / Equivalent Units
= (7,300 + 160,500) / 10,365
= $16.19
Related Questions
Write 5 2 3 as an improper fraction.
Answers
EXPLANATION: The mixed number 5 2/3 is the same as the improper fraction 17/3.
Conducting a search of the store is part of store closing duties.Why?
Answers
Searching for the store is one of the store closing duties so no work or the detailing of the extra work to be done is being overlooked.
What are the Store closing duties?Store closing duties are one of the most important duties which is a must and also needs to be followed the most important thing regarding the store closing duties are to in an organized manner to close down the hops and also to move on freely for over some time.
The Store closing duties include a lot of things including the most important and also the only way of carefully carrying out the most essential form of few steps that to look after the shops, the customers as well as the way a sho needs to close before anything else.
Store closing duties are also carried out very carefully and it is the most important responsibility of the store owners.
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What opportunities did you have today? Which were worthy of your attention, energy, or best thinking? Did you take them?
Answers
The opportunities that I have today that is worthy of my attention, energy, is my education.
What is the importance of education?Education can be considered as one of the things that can have my time as well as energy because it actually worth it, it is on that actually teaches values and helps in the development of society as a whole.
It should be noted that with the education, people a chance to mold themselves so that they can become the kind of person tey want as well as responsible members of society and with edcation I can get well-paying jobs and be effective in trade and commerce practices
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Mac Book Air is selling for $1,799 now. Apple's financing plan dictates an annual percentage rate (APR) of 18.25% with equal monthly payment for 68 months. The first monthly payment is due immediately. How much are consumers required to pay each month for one Mac Book Air under this plan
Answers
The consumers are required to pay $334.11 each month for one Mac Book Air under Apple's financing plan.
The consumers are individuals or households who purchase and use goods and services to satisfy their needs and wants. They are the end-users of products and services offered by businesses and organizations.
In the context of economics, consumers are an essential part of the demand side of the market, driving the production and distribution of goods and services.
To determine the monthly payment required under Apple's financing plan, we can use the formula for the equal monthly payment of a loan
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One of the typical characteristics of management fraud is: Multiple Choice Illegal acts committed by management to evade laws and regulations. Falsification of documents in order to misappropriate funds from an employer. Victimization of investors through the use of materially misleading financial statements. Conversion of stolen inventory to cash deposited in a falsified bank account.
Answers
Answer:
Victimization of investors through the use of materially misleading financial statements
Explanation:
Management fraud is when the management of a company defrauds either their investors and creditors by using misleading financial statement
Forward Co. discarded a machine that cost $5,000 and was fully depreciated. The entry to record this transaction would include a credit to the
account.
Answers
Based on the fact that Forward Co. discarded a machine with cost $5,000, the entry to record this transaction in the books would include a credit to Machinery.
How do you dispose of fixed assets?When fixed assets are to be disposed of, the accumulated depreciation upt to that point is looked at to calculate the net book value.
This would then show the company if they made a profit or a loss when they sold the fixed asset with a profit being made when the selling price is higher than the net book value.
Regardless of the price the fixed asset is sold at, the company would record a credit to the fixed asset (machinery) account to show that the fixed asset account is decreasing.
In conclusion, there will be a credit to machinery.
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The supply curve will shift because of
Answers
The supply curve will shift because of changes in production costs and related factors.
The supply curve will shift when the production cost increases, resulting in lower number of goods produced; or when production cost decreases, resulting in higher number of good produced.
Changes in the curve are often the result of changes in prices of materials, cost of labor, utilities costs, technological changes, competition, regulatory changes, and so on.
If the supply curve shifts up, that means less goods produced due to the higher cost to manufacture the product. If the supply curve shifts down, then more goods can be produced as costs of manufacturing the product decreases.
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Yeager Company pays John Kerr a salary as an employee and also fees for work he does as an independent contractor. Does this violate IRS rules? Why or why not?
Answers
yes
its either / or
depends on whether the person is really a regular worker or a freelancer in the eyes of the company
regular worker's taxes from pay is responsibility of the employee AND employer
freelancer's taxes from pay is the responsibility of the employee ONLY
so the company has to decide whether the person is a regular worker OR an independent contractor
employee & contractor employment rights are different too
Cost of money Four fundamental factors affect the cost of money: (1) the return that borrowers expect to earn on their investments, (2) the preference of savers to spend their income in the current period rather than delay their consumption until some future period, (3) the risks associated with the investment, and (4) expected inflation. Consider the following statements that address these factors, and indicate which you think are true.
Statement 1: All things being equal, rational savers and investors prefer to invest in an asset that provides a 12% return rather than one that provides an 8% return.
Statement 2: All things being equal, savers and investors prefer more risk to less risk and prefer lower risk premiums on projects exhibiting higher levels of risk.
Statement 3: On average and everything else held constant, borrowers will attempt to pay the maximum possible cash flows that will motivate savers and investors to participate in the transaction.
Statement 4: All things being equal, savers and investors expect to receive some amount of maturity premium as compensation for their deferred consumption.
The true statements are:______.
a. 1, 2, and 3.
b. 1 and 3.
c. 2 and 4.
d. 1, 2, 3, and 4.
Answers
Answer:
b. 1 and 3.
Explanation:
The investors are of two types either they are risk averse or risk seekers. Risk averse are those who are not willing to take risks for their investments. They accept lower returns but they are not ready to take more risks than their appetite. Risk seekers are those who demand more risk for more returns. The risks level is so high that even their whole investments can go away but they take this risk to achieve high extra ordinary returns.
top earning game of USA
Answers
Answer:
Clash of Clans by Supercell
Explanation:
According to Góogle Play ranking as of April 2021, the top-earning game of the USA is Clash of Clans by Supercell.
This game is available on the Andriod operating system. and it has been in existence since 2012. It currently has close to a billion downloads across platform different website platforms.
How did the McDonald brothers lose the Mcdonalds business?
Answers
Answer:
Ray Kroc's initial franchising deal with the McDonald's brothers looked like this: a franchise fee of $950 with a 1.9 percent service fee assessed on food sales, 0.5 percent paid to the McDonald brothers as a royalty, and the remaining 1.4 percent going to Kroc. so only he lose . and pls add my in brainliest answer
Answer:
Ray Kroc's initial franchising deal with the McDonald's brothers looked like this: a franchise fee of $950 with a 1.9 percent service fee assessed on food sales, 0.5 percent paid to the McDonald brothers as a royalty, and the remaining 1.4 percent going to Kroc.
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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Enzo is preparing a resume for his very first job. He doesn’t know what to list for his skills. He asks his teacher for advice on how to complete this portion of his resume. What is the BEST advice this teacher should give Enzo? A. Leave the skills section blank because there is no work experience. B. Make up skills that you think the employer wants to see on a resume. C. List your best attitudes and behaviors that employers find helpful. D. Write vague skills like “Digital Fluency” that require more explanation.
Answers
The best advice that Enzo's teacher can give him is to list his best attitudes and behaviors that employers find helpful. Everyone has skills that they've developed through their hobbies, interests, and school work. Enzo needs to identify what those skills are and how they can be useful to potential employers. The correct option is C.
Making up skills that he thinks the employer wants to see on a resume is not a good idea. Employers can easily see through this and it may come across as dishonest. In addition, if Enzo gets hired, he may not be able to perform the tasks associated with the skills he claimed to have. Listing vague skills like "Digital Fluency" that require more explanation is not helpful either. This may confuse employers and they may not understand what Enzo is trying to say. It's important to be specific about the skills he possesses and how he can apply them to the job.
In conclusion, Enzo should focus on listing his best attitudes and behaviors that employers find helpful. This will demonstrate his potential to be a valuable employee, even if he doesn't have any work experience yet. He should also be specific about the skills he possesses and how they can be applied to the job. By doing this, Enzo can increase his chances of getting hired for his first job. The correct option is C.
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Training and development are roles filled by human resource specialists true or false
Answers
if you are looking to tell how much money you made or lost last month, you should consult your
Answers
To know how much money you made or lost last month, you should consult your income statement.
What is income statement?An income statement serves as a financial statement that display a company's income and expenditures.
Therefore, this statement will shows whether a company is making profit and how much money you made or lost last month.
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Perpetual Inventory Using Weighted Average
Beginning inventory, purchases, and sales for WCS12 are as follows:
340 units at $10
200 units
360 units at $11
400 units
Oct. 1
13
22
29
Inventory
Sale
Purchase
Sale
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to
two decimal places.
per unit
b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal
places.
$
c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places
Answers
Perpetual Inventory can be calculated as follows:
a. Weighted average unit cost after the October 22 purchase:
Beginning inventory:
340 units at $10 = $3,400
Purchases:
200 units at $10 = $2,000
360 units at $11 = $3,960
Total units: 340 + 200 + 360 = 900 units
Total cost: $3,400 + $2,000 + $3,960 = $9,360
Weighted average unit cost = Total cost / Total units
=$9,360 / 900 units
≈ $10.40 (rounded to two decimal places)
b. Cost of goods sold on October 29:
Units sold: 400 units
Cost of goods sold = Units sold * Weighted average unit cost
= 400 units * $10.40
= $4,160
c. Inventory on October 31:
Remaining units: 100 units (900 units - 400 units)
Weighted average unit cost (from part a): $10.40
Inventory value = Remaining units * Weighted average unit cost
= 100 units * $10.40
= $1,040
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Which of the following is not an example of a multichannel retailer?
Answers
Answer:A
thats the one
Explanation:
McDonals is the example of multichannel retailer as the company is providing burgers and fries to its different outlets and in diffrent food ordering sites in many countries.
What is multichannel retailer?The technique of selling similar products over multiple channels and platforms is known as multichannel commerce.
The platforms can be both online and offline, with different channels such as brick and mortar stores, online stores, mobile stores, and mobile app stores.
Thus, McDonals is the example of multichannel retailer.
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Which form of business is the easiest to start?
a. sole proprietorship
b. partnership
c. corporation
d. S-corporation
Answers
Answer:
The answer is A. sole proprietorship
Explanation:
Hope this helps!!
hello everyone i hope everyone it doing great
free point
happy Ramadan kareem
Answers
Answer:
Hello There!!
Explanation:
Happy Ramadan
Answer:
thx
Explanation:
Roles and responsibility of central management(business policy)
Answers
Answer:
The Four Functions of Management: What Managers Need to Know
Planning. One main role of a manager is creating a plan to meet company goals and objectives. ...
Organizing. ...
Leading. ...
Controlling. ...
How to Develop Key Management Skills. ...
Work to Develop Your Management Skills With an MBA.
Please help!
Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are common work contexts for Film and Video Editors? Check all that apply.
(1) extremely bright or inadequate lighting
(2) spend time sitting
(3) exposed to disease or infections
(4) indoors, environmentally controlled
(5) face-to-face discussions
(6) deal with physically aggressive people
Answers
Answer:
BCD is wrong on Edge 2021.| The real Answer is BDE... (Edit)
Explanation:
Using resources from comments on the anwser above (or below) and the bad rating meant that is was wrong. And was also wrong for me.
The REAL ANWSER IS BDE..
Your welcome, have a nice day!
5/28/2021
Two construction companies were charged separately in the Sessions Court here on Tuesday, Sept 21, in connection with the collapse of the Jaya Supermarket building at Section 14 here on May 28 last year, which claimed seven lives. The companies are Lian Hup Earth Work & Construction Sdn. Bhd. (Lian Hup), which is represented by its director, Jason Hee Kok Heng, and C.W Yap Sdn. Bhd., which is represented by its director, Yap Choon Wai. They both pleaded not guilty to the charge. Lian Hup is charged with failing, as an employer, to ensure the safety, health and welfare at work of its employees by failing to meet safety standards in demolition work of the supermarket building at Jalan Semangat here about 5pm on May 28 last year. The company is charged under Section 15(1) of the Occupational Safety and Health Act 1994 and, if found guilty, is liable to a fine not exceeding RM50,000 or to imprisonment for a term not exceeding two years or both. Meanwhile, C.W Yap Sdn. Bhd. is charged under Section 17(1) of the same act for failing, as employers, to ensure that other persons, not being their employees, who may be affected, are not exposed to risks to their safety or health. The company is charged with committing the offence at the same place, date and time. If found guilty, it is also liable to a fine not exceeding RM50,000 or to imprisonment for a term not exceeding two years or both. In the May 28 incident, the building structure of the Jaya Supermarket, which was to be torn down for redevelopment, collapsed while demolition works were being carried out, killing seven workers. Both the companies were represented by lawyer Ooi Hueng Miin, while prosecuting officers from the Selangor Occupational Safety and Health Department, Jaafar Leman and Hazlina Yon, prosecuted. Earlier, Jaafar applied for both cases to be heard jointly on grounds that the incidents in both cases happened at the same place, time and date. Judge Rozina Ayob allowed the application and set Sept 27 for mention.
Understand the role of the Department of Occupational Safety and Health (DOSH) in Malaysia and its significance in the JAYA Supermarket incident.
Answers
The Department of Occupational Safety and Health (DOSH) in Malaysia played a significant role in the Jaya Supermarket incident by prosecuting the construction companies for alleged violations of occupational safety and health regulations, emphasizing the importance of ensuring workplace safety and holding employers accountable.
The Department of Occupational Safety and Health (DOSH) in Malaysia plays a crucial role in ensuring the safety, health, and welfare of workers in various industries. In the Jaya Supermarket incident, DOSH's significance lies in its role as the prosecuting body responsible for enforcing occupational safety and health regulations.DOSH is responsible for promoting and enforcing compliance with occupational safety and health laws, regulations, and standards. It conducts inspections, investigations, and audits to identify and address potential hazards and risks in the workplace. DOSH also provides guidance and assistance to employers in implementing safety measures and creating a safe working environment.In the Jaya Supermarket incident, DOSH's involvement is evident in the charges filed against the two construction companies, Lian Hup Earth Work & Construction Sdn. Bhd. and C.W Yap Sdn. Bhd. DOSH prosecuted the companies for their alleged failure to ensure the safety and health of their employees and others affected by the demolition work.By prosecuting the companies under the Occupational Safety and Health Act, DOSH aims to hold employers accountable for their responsibilities in providing a safe work environment and preventing risks to workers' safety and health. DOSH's actions in this case highlight the importance of enforcing occupational safety and health regulations to prevent accidents and protect workers' well-being.For more questions on Safety
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Fariq purchases and places in service in 2020 personal property costing $2,611,000. The taxpayer plans to apply the Sec. 179 deduction, but not bonus depreciation. What is the maximum Sec. 179 deduction that Fariq can deduct, ignoring any taxable income limitation
Answers
The maximum deduction that Fariq can deduct is $1,019,000
Solution
In the year 2020, the Sec 179 deduction expense is given as 1040000 dollars. This the deduction expense given that the qualifying personal property has a worth that is greater than 2590000 dollars.
Then the phase out would be the difference between the amount of investment and property cost
Phase out = 2611000 - 2590000
= 21000 dollars
Maximum Sec. 179 deduction = $1,040,000 - 21000
= $1,019,000
The maximum deduction that Fariq can deduct is therefore $1,019,000
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About 24% of business owners are under the age of 25.
True
False
Answers
True, I know that because of personal knowledge and I did the paper.
Suppose there is a bond that matures in two years with a coupon rate of 10% each year. Given that the principal of the bond is $3,000, and the economy interest rate is 2%, what is the present value of this bond?
Answers
Answer:
3.466 I'm not sure , may it 's true or false
identify an advantage of having strategic plans made by a firm at all levels.
Answers
The business environment, the state of the economy, market potential, and competitor behavior are all taken into account by strategic plans.
What is in a strategic plan for firm planning?Taking into account both internal and external variables, a strategic plan evaluates the business's existing environment. Long-term objectives and targets are listed, along with the plans that will be used to attain them, in the paper. Or to put it another way, a business plan details a specific new project or an established business.
In strategic management, how does the corporate environment appear?It is speaking of the commercial setting. "The totality of all the forces, factors, and institutions that are external to and beyond the control of a particular corporate organization but that have a significant influence on the operation and development of such firms."
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2. Ernesto purchased a used car for $6800. He paid 64% sales tax. How much tax did he pay?
Answers
Ernesto payed $ 4352 in tax
Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Answers
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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The Sterling Tire Company’s income statement for 20X1 is as follows: STERLING TIRE COMPANY Income Statement for the Year Ended December 31, 20X1Sales (35,000 tires at $90 each) $ 3,150,000Variable costs (35,000 tires at $45)1,575,000Fixed costs550,000Earnings before interest and taxes (EBIT)$ 1,025,000Interest expense57,500Earnings before taxes (EBT)$ 967,500Income tax expense (30%)290,250Earnings after taxes (EAT)$ 677,250.
D. Compute the break-even point in units.
Answers
The Sterling Tire Company’s break-even point in units is 13,500 units.
What is the break-even point?The break-even point refers to the production and sales in units or dollars that cause the business's total revenue to be equal to the total costs (variable and fixed costs).
At the break-even point, there is no profit earned and there is no loss incurred.
Data and Calculations:STERLING TIRE COMPANY
Income StatementFor the Year Ended December 31, 20X1
Sales (35,000 tires at $90 each) $ 3,150,000
Variable costs (35,000 tires at $45) 1,575,000
Fixed costs 550,000
Earnings before interest and taxes (EBIT)$ 1,025,000
Interest expense57,500
Earnings before taxes (EBT)$ 967,500
Income tax expense (30%) 290,250
Earnings after taxes (EAT)$ 677,250
Total Fixed Costs:Fixed costs 550,000
Interest expense 57,500
Total fixed costs = $607,500
Unit Contribution Margin:
Selling price = $90
Variable cost = 45
Contribution margin per unit = $45 ($90 - $45)
Contribution margin ratio = 50% ($45/$90 x 100)
Break-even point in units = Total fixed costs/Contribution margin per unit
= $607,500/$45
= 13,500 units
Thus, the break-even point in units is 13,500 units.
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