Answer:
The total cost of the units completed and transferred out of the department was: $342,200.
Explanation:
First calculate the Total Cost per Equivalent unit.
Total Cost per Equivalent unit :
Materials $2.10
Conversion $3.80
Total $5.90
Total cost of the units completed and transferred out = Units completed and transferred out × Total Cost per Equivalent unit
= 58,000 units × $5.90
= $342,200
Answer:
30%
Explanation:
Material purchasing, handling and storage cost = $ 41,800
Material purchasing percentage:
= Material purchasing, handling and storage cost ÷ Annual materials purchases
= ($41,800 ÷ $836,000
) × 100
= 5%
Target profit margin for both labor and materials = 25%
Material markup per dollar of material:
= Material purchasing percentage + Target profit margin
= 5% + 25%
= 30%
Answer:
The correct answer is letter "B": $5 million.
Explanation:
Marginal Propensity to Consume (MPC) is a measure of how much consumption changes when income changes. MPC is calculated by dividing the change in consumption by the change in disposable income. Disposable income is the money households have available after deducting their expenses and taxes.
Thus, in the example:
<em>5,000,000 = </em><em>Change in consumption</em>
<em />
Then, <em>the change in consumption is $5 million.</em>
Quantitative data is defined by one thing: numbers. It differs from qualitative data in that the latter is usually in the form of words or sentences.
Thus, from the given options, the choice that is representative of quantitative data would be (A) Joni buys coffee three times a week at the local donuts shop.
Answer:
$46,200
Explanation:
Calculation to determine the amount of S2 costs allocated to S1
S2 costs allocated to S1 =$66,000*0.70/(0.70 +0.10+ 0.20)
S2 costs allocated to S1 =$46,200/1.00
S2 costs allocated to S1 =$46,200
Therefore Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:$45,200
