Woodchuck Timber Pty Ltd grows, harvests and processes

Woodchuck Timber Pty Ltd grows, harvests and processes timber for use in the building industry. The following data relate to the company’s sawmill during June:

 

	$
Work in process, 1 June:
Direct material	130000
Conversion	360000
Costs incurred during June:
Direct material	850000
Conversion	1380000

 

The equivalent units for June were as follows:

	$	$
	Weighted average	FIFO
Direct material	14000	8500
Conversion	3480	2000

 

a) Calculate the cost per equivalent unit, for both direct material and conversion, during June. Use weighted average process costing.

b) Repeat requirement 1 using the FIFO method.

Lewis Company’s standard labor cost of producing one unit

Lewis Company’s standard labor cost of producing one unit of Product DD is 3.1 hours at the rate of $12.5 per hour. During August, 42,000 hours of labor are incurred at a cost of $12.70 per hour to produce 13,400 units of Product DD.

(A) Compute the total Labor Variance

(B) Compute the labor Price and Quantity Variances

(C) Compute the labor price and quantity variances, assuming the standard is 3.3 hours of direct labor at $12.90 per hour.

FIN700–Financial Management – Trimester 2, 2018 – Version 2

QUESTION `1 [6 + 4 + 6 = 16 Marks.]   a) This is a two period certainty model problem. Assume that Bradley Lane has a sole income from Fisher Ltd in which he owns 12% of the ordinary share capital. Currently, Bradley has no savings. In August, 2018, Fisher Ltd reported net profits after tax of $800,000 for the last financial year, 2017-18 (1 July, 2017 to 30 June, 2018), and announced it expects net profits after tax for the current financial year, 2018-19, to be 20% higher than last financial year’s figure. The company has a dividend payout ratio of 70%, which it plans to continue, and will pay the annual dividend for 2017-18 in late-September, 2018, and the…

Variance-covariance matrix

Instructions: You are given the following data below. Calculate in YELLOW

1. Calculate mean, variance, standard deviation, covariance, correlation
2. Create a chart of the mean and standard deviation of combinations of the portfolios.
3. Add the individual asset returns to the chart—are the two portfolios on the efficient frontier?

	Variance-covariance matrix				Means
	0.40	0.03	-0.04		10%
	0.03	0.50	0.05		15%
	-0.07	0.07	0.70		12%
	Portfolio1	Portfolio2
Asset1	20%	10%
Asset2	30%	50%
Asset3	50%	40%

Grace Park has recently graduated with a Masters of Health and Human Services

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ACC5000 – Consider the information provided for Legal Eagle Law Services

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Dividend Policy – AMC Corporation currently has an enterprise value

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ACC101 – Fundamentals of Accounting I

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Consolidation: Non – controlling interests, Investment in associates and Accounting for foreign currency transactions

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Corporate Finance – Assume that you will deposit $4000 at the end of each of the next

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