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lana [24]
2 years ago
13

Suppose that three firms make up the entire bicycle manufacturing industry. one has a 60% market share, and the other two have a

20% market share each. the herfindahl-hirschman index of this industry is. a new firm, abe's bikes, enters the bicycle manufacturing industry and immediately captures a 20% share of the market. this would cause the herfindahl-hirschman index for the industry to .
Business
1 answer:
Dvinal [7]2 years ago
6 0

Answer:

60

Explanation:

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Georgia Products Inc. completed and transferred 163,000 particle board units of production from the Pressing Department. There w
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Answer:

Pressing Department. Round "cost per equivalent unit" answers to the nearest cent.

a. Total conversion cost $

b. Conversion cost per equivalent unit $

c. Direct materials cost per equivalent unit $

a. Total conversion cost                     252.900

b. Conversion cost per equivalent unit  0.61

c. Direct materials cost per equivalent unit  3.20

Explanation:

Solution

a. Total conversion cost                     252.900

b. Conversion cost per equivalent unit  0.61

c. Direct materials cost per equivalent unit  3.20

Statement of Equivalent Units(Weighted average)

Material Conversion cost

Units   Complete         % Equivalent units Complete % Equivalent units

Transferred out     163.000 100%    163,000 100%             163,000

Ending WIP               14,000 100%     14,000 40%                  5,600

Total                     177,000 Total    177,000 Total             168.600

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Cost per Equivalent Units (Weighted average)

COST                              Material Conversion cost TOTAL

Beginning WIP Inventory Cost    $ 0

Cost incurred during period  628.350         252.900        881.250

Total Cost to be accounted for    566,100         102,900       669,000

Total Equivalent Units             177,000          168.600

Cost per Equivalent Units      3.20                 0.61             3.81

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Explanation:

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