1.Technical Certified/VRQ (Vocational related Qualification)
2.NVQ (National Vocational Qualification)
3.Key skills
4.EER (Employment Rights & Responsibilities)
Answer:
The conversion cost per equivalent unit is $3.31
Explanation:
The computation of the conversion cost per equivalent unit is shown below:
= Total conversion costs ÷ Total equivalent units
where,
Total conversion cost = completed units + Conversion costs during April
= $6,000 + $35,000
= $41,000
And, the total equivalents units equal to
= Finished good units × percentage of completion + ending work in process units × percentage of completion
= 11,500 units × 100% + 1,500 units × 60%
= 11,500 units + 900 units
= 12,400 units
Now put these values to the above formula
So, the per unit would equal to
= $41,000 ÷ 12,400 units
= $3.31 per unit
There are numerous reasons, things like war, immigration, increased poverty, or things like unpredictable natural disasters. When a hurricane strikes and destroys entire cities and housing it has to be fixed quickly and that is spending that was not planned since you can't expect things like that. Wars often cost much more than what was planned because bad things happen and they need to be fixed. Immigration can lead to an increase in social welfare spending since not all immigrants find a job quickly and establish themselves in the society.
<span>Cash conversion cycle is an efficiency ratio which measures the number of days for which a company’s cash is tied up in inventories and accounts receivable. It is aimed at assessing how effectively a company is managing its working capital.
Formula
Cash Conversion Cycle = DSO + DIO – DPO
Where,
DSO is days sales outstanding = Average Accounts Receivable Ă— 365 Ă· Credit Sales
DIO is days inventory outstanding = Average Inventories Ă— 365 Ă· Cost of Goods Sold
DPO is days payables outstanding = Average Accounts Payable Ă— 365 Ă· Cost of Goods Sold
DSO=(97,900*365)/324,000=110.2
DIO=(126,300*365)/282,000=163.5
DPO=(115,100*365)/282,000=149
Cash Conversion Cycle = DSO + DIO – DPO
Cash Conversion Cycle = 110.2+163.5-149=125(Approx)</span>