Assembly Department uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $135,500 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80,000 of materials costs and $13,000 of conversion costs.

Other data for the month of July are as follows:

Beginning work in process inventory, 7/1 25,000 units (40% complete)

Units completed and transferred out 90,000 units

Ending work in process inventory 7/31 30,000 units (30% complete)

Instructions

Answer the following questions and show computations to support your answers.

1. How many physical units have to be accounted for in July?

2. What are the equivalent units of production for materials and for conversion costs for the month of July?

3. What is the total cost assigned to the 90,000 units that were transferred out of the process in July?

4. What is the remaining total cost of inventory within the Assembly department as of July 31?

1. 2 Assume that a cardiologist group practice has the following cost structure:

Fixed Cost: $500,000         Variable Cost Per Procedure: $25

Furthermore, assume that the group expects to perform 7,500 procedures in the coming year.

A. What is the group’s underlying cost structure?

    B. What are the groups expected total cost?

C. What are the groups' estimated total costs at 5,000 procedures? At 10,000 procedures?

D. What is the average cost per procedure at 5,000, 7,500 and 10,000 procedures?

Alternative 1 has a capital cost of $2,069,000 and annual O&M cost of $348,000

Alternative 2 has a capital cost of $7,182,000 and annual O&M cost of $394,000

Number of years = 30, interest rate = 3%

Compare the two alternatives using the present worth method AND annual cost method. Which is least costly? Are the conclusions same for each method?

Cost of Production Report: Average Cost Method

Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at December 31:

Required:

Prepare a cost of production report, using the average cost method, and identify the missing amounts for Work in Process—Roasting Department. If required, round your cost per equivalent unit answer to two decimal places.

Thank you!!

2.) Fill in the following table: Show work if possible

b.) Now suppose this firm is in a perfectly competitive industry. The market price of the output is $25. How many units of output will this firm choose to produce in the short run? What is the profit at that level of output?

What is opportunity cost? As scarce resource, financial capital has opportunity cost.

What determines the opportunity cost of capital?

PLEASE ANSWER THIS QUESTION IN A ESSAY FORMAT!

Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $41.16. The firm just recently paid a dividend of $3.97. The firm has been increasing dividends regularly. Five years ago, the dividend was just $2.99.

After underpricing and flotation costs, the firm expects to net $38.28 per share on a new issue.

a. Determine average annual dividend growth rate over the past 5 years. Using that growth rate, what dividend would you expect the company to pay next year?

b. Determine the net proceeds, Nn, that the firm will actually receive.

c. Using the constant-growth valuation model, determine the required return on the company's stock, r Subscript srs, which should equal the cost of retained earnings, r Subscript rrr.

d. Using the constant-growth valuation model, determine the cost of new common stock, r Subscript nrn.

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a.The average annual dividend growth rate over the past 5 years is ___ (Round to two decimal places.)

Using that growth rate, the dividend you expect the company to pay next year is ___ (Round to two decimal places.)

b.The net proceeds, Nn, the firm will actually receive are ___ (Round to two decimal places.)

c.Using the constant-growth valuation model, the cost of retained earnings, r Subscript srs, is ____ (Round to two decimal places.)

d.Using the constant-growth valuation model, the cost of new common stock, r Subscript nrn, is ____ (Round to two decimal places.)

ABC Corporation has three support departments with the following costs and cost drivers: Support Department Cost Cost Driver Graphics Production $200,000 number of copies made Accounting 500,000 number of invoices processed Personnel 400,000 number of employees ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows: Micro Macro Super Revenues $700,000 $850,000 $650,000 Direct operating expenses 50,000 70,000 100,000 Number of copies made 20,000 30,000 50,000 Number of invoices processed 700 800 500 Number of employees 130 145 125 The support department allocation rate for the Accounting Department is a.$714 b.$250 c.$625 d.$0.004

ABC Corporation has three support departments with the following costs and cost drivers:

ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:

The support department allocation rate for the Personnel Department is

a.$2,758

b.$1,000

c.$3,200

d.$3,077

ABC Corporation has three support departments with the following costs and cost drivers:

ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:

The support department cost that will be allocated to the Micro Division is

a.$145,000

b.$345,000

c.$60,000

d.$200,000

ABC Corporation has three support departments with the following costs and cost drivers:

ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:

The support department cost that will be allocated to the Macro Division is

a.$305,000

b.$405,000

c.$130,000

d.$175,000

Marginal Incorporated (MI) has determined that its after-tax cost of debt is 10.0%. Its cost of preferred stock is 14.0%. Its cost of internal equity is 16.0%, and its cost of external equity is 21.0%. Currently, the firm's capital structure has $372 million of debt, $30 million of preferred stock, and $198 million of common equity. The firm's marginal tax rate is 25%. The firm is currently making projections for the next period. Its managers have determined that the firm should have $70 million available from retained earnings for investment purposes next period. What is the firm's marginal cost of capital at a total investment level of $255 million?

1. Differentiate historical cost concept from the fair value cost concept of measurement. State clearly their advantages and disadvantages.