The Molding Department of Kennett Company has the following production data: beginning work in process 25,000 units (60% complete), started into production 425,000 units, completed and transferred out 400,000 units, and ending work in process 50,000 units (40% complete). Assuming materials are entered at the beginning of the process, equivalent units for materials are:______________.

Answers

Answer 1

Answer:

450,000 units

Explanation:

This question asks to calculate the equivalent units of materials. It must be known that equivalent units are calculated by multiplying the number of physical units by percentage of completion.

The question assumes that materials are entered at the beginning of the process.

Mathematically, the equivalent units for materials = started into production + Beginning work in process

= 25,000 units + 425,000 units = 450,000 units

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Compute the missing amounts. (Enter the contribution margin ratio to nearest percent, X%.)A B C
Sales price per unit $200 $4,000 $5,220
Variable costs per unit 80 1,000 2,088
Total fixed costs 73,200 660,000 3,758,400
Target profit 266,760 3,000,000 3,132,000
Calculate:
Contribution margin per unit
Contribution margin ratio
Required units to break even
Required sales dollars to break even
Required units to achieve target profit

Answers

Answer:

Contribution margin per unit

A = $120

B = $3,000

C = $3,132

Contribution margin ratio

A = 60%

B = 75%

C = 60%

Units to break even

A = 610 units

B = 220 units

C = 1,200 units

Sales dollars to break even

A = $122,000

B = $880,000

C = $6,264,000

Units to achieve target profit

A = 2,833 units

B = 1220 units

C = 2,200 units

Explanation:

Contribution margin per unit

Contribution margin = Sales - Variable Costs

A B C

Sales price per unit $200 $4,000 $5,220

Variable costs per unit ($80) ($1,000) ($2,088)

Contribution Margin $120 $3,000 $3,132

Contribution margin ratio

Contribution margin ratio = Contribution / Sales × 100

A = $120 / $200 × 100

= 60%

B = $3,000 / $4,000 × 100

= 75%

C = $3,132 / $5,220 × 100

= 60%

Units to break even

Units to break even = Fixed Cost ÷ Contribution margin per unit

A = $73,200 ÷ $120

= 610 units

B = $660,000 ÷ $3,000

= 220 units

C = $3,758,400 ÷ $3,132

= 1,200 units

Sales dollars to break even

Units to break even = Fixed Cost ÷ Contribution margin ratio

A = $73,200 ÷ 60%

= $122,000

B = $660,000 ÷ 75%

= $880,000

C = $3,758,400 ÷ 60%

= $6,264,000

Units to achieve target profit

Units to achieve target profit = Fixed Cost + Target Profit ÷ Contribution margin per unit

A = $73,200 + 266,760 ÷ $120

= 2,833 units

B = $660,000 + 3,000,000 ÷ $3,000

= 1220 units

C = $3,758,400 + 3,132,000 ÷ $3,132

= 2,200 units

Julio Company purchased a $200,000 machine that has a four-year life and no salvage value. The company uses straight-line depreciation on all asset acquisitions and is subject to a 30% tax rate. The proper cash flow to show in a discounted-cash-flow analysis as occurring at time 0 would be:(A) $15,000.
(B) $50,000.
(C) $140,000.
(D) $35,000.
(E) $200,000.

Answers

Answer: The correct answer is "(E) $200,000.".

The proper cash flow to show in a discounted-cash-flow analysis as occurring at time 0 would be: "(E) $200,000.".

Explanation: At time 0, the course of time does not occur therefore there is no discount.

The research and development division of Anchor Inc., a manufacturing firm, has a sizeable number of engineers for its employees. The buying decisions related to the equipment to be used in the research and development of new technologies is primarily made by the engineers. Based on these traits, which of the following organization-specific factors is most relevant in the division's purchasing process? a. Monopolization
b. Segmentation
c. Orientation
d. Centralization

Answers

Answer:

The correct answer is letter "C": Orientation.

Explanation:

The primary organization-specific factors are orientation, size of the organization, and degree of centralization. Orientation refers to the function of a company that controls the decisions in regards to purchases. The size of the organization implies decision making will be more centralized in larger firms while more decentralized in smaller firms. Finally, the degree of centralization states that even in highly autonomous corporations, some purchases might be subject to the approval of a manager who confirms the need for the assets being acquired.

Because in Anchor Inc. the purchase decisions are made by engineers the orientation organization-specific factor is more relevant in that company.

Unland Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows: Units Per unit price Total
Balance, 1/1/2017 290 $5.00 $1450
Purchase, 1/15/2017 140 ..5.10 714
Purchase, 1/28/2017 140 ..5.30 742

An end of the month (1/31/2017) inventory showed that 230 units were on hand. If the company uses LIFO, what is the value of the ending inventory?

Answers

Answer:

Ending inventory= $1706

Explanation:

Giving the following information:

Units Per unit price Total

1/1/2017: 290 *$5.00= $1450

1/15/2017: Purchase, 140*$5.10= $714

1/28/2017: Purchase, 140*$5.30= $742

At the end of the month (1/31/2017) inventory showed that 230 units. If the company uses LIFO (last-in, first-out)

Ending inventory= 140*5.30+140*5.10+50*5= $1706

The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers.TrueFalse

Answers

Answer:

Explanation:

The State Hospital is owned and supervised directly by the state government, whereas, the organization named Acme Inc, is privately owned.

In a state-owned entity, the state government is the authority that has the final say which is based on the Constitution.
Hence, the arbitration done in the state hospital issues would also include Constitutional issues.
Whereas, the same would not be the case with the privately owned organization.

Fixed costs are $1300000 and the variable costs are 80% of the unit selling price. What is the break-even point in dollars?