Ibarra Corporation uses the FIFO method in its process costing system. The first processing department, the Forming Department, started the month with 16,600 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $25,250. An additional 103,000 units were started into production during the month and 106,000 units were completed and transferred to the next processing department. There were 13,600 units in the ending work in process inventory of the Forming Department that were 30% complete with respect to conversion costs. A total of $599,123 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:
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Business, 22.06.2019 10:30
How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.
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Business, 22.06.2019 13:10
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the companyβs monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
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Business, 22.06.2019 20:00
A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?
Answers: 2
Ibarra Corporation uses the FIFO method in its process costing system. The first processing departme...
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