The equivalent units for the month for the first department for material is 48,000 and for labor and overhead 46000.
What is the weighted average ?
- One of three methods for valuing the stock in your company's inventory is the weighted average cost method, which establishes the average cost of all the products in your inventory based on their individual costs and the quantity of each item that is kept on hand.
- The weighted average is used by businesses to calculate the amount that goes into inventory and the cost of products sold (COGS).
- Due to the variety of inventory stock kinds or the same stock items being purchased at various times, a firm may pay varying costs when purchasing pieces of inventory.
Total units transferred = 42000
and, units of ending WIP = 6000(material), 4000(Labor), 4000(overhead)
So,
Equivalent units of production = 48000(material), 46000(Labor), 46000(overhead)
The equivalent units for the month for the first department for material is 48,000 and for labor and overhead 46000.
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Answer:
How much money will you need to have at the moment you retire?
How much money do you need to save every year before retirement?
Explanation:
we have to first determine the amount of money you need to finance your retirement distributions:
using the annuity due present value formula, PV = annuity payment x annuity due factor (PV, 8%, n = 40)
PV = $100,000 x 12.87858 = $1,287,858
now we must use the ordinary annuity future value formula, FV = annuity payment x annuity factor (FV, 8%, n = 40)
annuity payment = FV / annuity factor = $1,287,858 / 259.057 = $4,971.33
Answer:
Entry is given below
Explanation:
As Givens brick company is paying off the liability of note payable and the interest amount therefore, it will be debited as it is a decrease in liability. Cash will be credited as it is our asset and its decreasing.
Entry DEBIT CREDIT
Notes payable $600,000
Interest $36,000(w)
Cash $636,000
Working
Interest = $600,000 x 8% x9/12
Interest = $36,000
Answer:
8
Explanation:
Every year, the National Association of Business Professionals of America (BPA) elects up to 10 student representatives. The National Officers are elected from the Secondary and Post-secondary Divisions.
For the year 2019-2020, there are eight national officers; six from the secondary divide and two from the post-secondary division