<span>The use of a system in which a physical product - in this case an automobile - is moved from one worker to the other, each of whom performs a specific assigned task upon the product, is known as an assembly line. This is a production concept whose creation is attributed to Ransom Olds, but has also been heavily utilized by Ford Motors since its early days. Specialized robots can also be utilized instead of human labor.</span>
Answer:
$17.97 per unit
Explanation:
Using weighted average method, Equivalent units = Units that are completed during the period + Equivalent units in process at the end of period.
Equivalent units = 8,500 + 2,000*90%
Equivalent units = 8,500 + 1,800
Equivalent units = 10,300
Cost per equivalent unit for materials = (Beginning costs + Current costs) / Equivalent units
Cost per equivalent unit for materials = ($13,000 + $172,100) / 10,300 units
Cost per equivalent unit for materials = $185,100 / 10,300 units
Cost per equivalent unit for materials = $17.97 per unit
Answer:
$14, 984
Explanation:
In compound interest, interest earned increases with time. the formula applied in compound interest is
FV = PV × (1+r)n
Where FV is the future vale
PV is the present value of $8,000
r is 8%
n is 8 years
Since interest is compounded twice per year, the number of compounds will be 16( 8 x 2). The applicable interest rate is 0.04%( 8%/12 x 6 months)
FV = $8000 x ( 1 + 0.04)16
FV = $8000 x 1. 872981
Fv = 14, 983.85
Fv = $14, 984
Answer:
D) $5,040
Explanation:
LIFO represents last in first out. This means the last item bought is the first to be sold.
Since 2300 units were sold, subtracting from the last item bought
2300-600-800-600 = 300
Opening inventory or 1000 minus 300 = 700
700 x $7.2 = $5,040
Answer:
The amount in Bob's account is $26320.516
Explanation:
The total amount saved each month for the down payment (A ) = $315
The interest rate per month (r ) = 0.41 %
Number of years (n ) = 6 years
Below is the calculation to find the total amount in Bob’s account. Here, we will take the number of compounding period as 72 because the interest rate is monthly compounded and there are 72 months in 6 years.