Pureform, inc., uses the weighted-average method in its process costing system. it manufactures a product that passes through two departments. data for a recent month for the first department follow: units materials labor overhead work in process inventory, beginning . . . . . 5,000 $4,320 $1,040 $1,790 units started in process . . . . . . . . . . . 45,000 units transferred out . . . . . . . . . . . . . 42,000 work in process inventory, ending . . . . . . . 8,000 cost added during the month . . . . . . . . . $52,800 $21,500 $32,250 the beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. the ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to labor and overhead. required: 1. compute the first department’s equivalent units of production for materials, labor, and overhead for the month. 2. determine the first department’s cost per equivalent unit for materials, labor, and overhead for the month.

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%