Data in a multidimensional database is organized in a _______

In the month of June, a department had 10,000 units in beginning work in process that were 70% complete. During June, 40,000 uni

butalik [34]

Answer:

Cost per material= $9

Cost per conversion = $8.51 unit

Explanation:

We would assume the company uses weighted average method of valuation.

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Cost per Equivalent unit= Total cost / Equivalent unit

Completed units = transferred in + opening inventory -closing inventory

= 40,000 + 10,000 - 5,000 =45,000 units

Equivalent unit of material = (100%× 45,000) + (100%× 5000)= 50,000

Cost per material = $450,000/50,000= $9

Equivalent unit of Conversion cost =(100%× 45,000) + (40%× 5000)= 47,000

Cost per conversion cost = $400,000/ 47,000 units

= $8.51 unit

Cost per material= $9

Cost per conversion = $8.51 unit

6 0

3 years ago

On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $14 each. The company uses a perpetual invent

I am Lyosha [343]

Answer:

Explanation:

The journal entries are shown below:

On Sep 6

Merchandise Inventory A/c $2,200 (100 calculators × $22 each)

To Accounts payable A/c $2,200

(Being calculator purchased on credit)

On Sep 9

Merchandise inventory A/c Dr $100

To Cash A/c $100

(Being freight is paid for cash is recorded)

On Sep 10

Cash A/c Dr $92

To Merchandise inventory A/c $92

(Being returned inventory is recorded)

On Sep 12

Accounts receivable A/c Dr $1,050 (30 calculators × $35 each)

To sales A/c $1,050

(Being calculators sold at sale price)

Cost of goods sold A/c Dr $690 (30 calculators × $23 each)

To Merchandise inventory A/c $690

(Being calculator sold at cost price)

On Sep 14

Sales return and allowance A/c Dr $35

To Accounts receivable $35

(Being recording of sales return is recorded)

Merchandise inventory A/c Dr $23

To Cost of goods sold A/c $23

(Being recording of sales return is recorded)

On Sep 20

Accounts receivable A/c Dr $1,224 (34 calculators × $36 each)

To sales A/c $1,224

(Being recording of calculators sold at sale price)

Cost of goods sold A/c Dr $782 (34 calculators × $23 each)

To Merchandise inventory A/c $782

(Being recording of calculator sold at cost price)

5 0

3 years ago

Identify the correct sequence of economic integration starting from the least integrated to the most integrated.

iren [92.7K]

E.common market, free trade area, customs union, political union, and economic union

4 0

4 years ago

During the late nineteenth century, the United States experienced a period of sustained deflation, or a falling price level. E

miskamm [114]

Answer:

It is not necessary a decline in quantity of money for deflation to occur.

The quantity theory of money states that if money supply and velocity of circulation don't change economic growth (positive change in GDP) will result in declining price levels

Explanation:

The quantity of money theory states that

$M\times V=P\times Y$

where M is the money supply, V is the velocity of circulation, P is the price level and Y is the GDP

We can put this equation in terms of percentage changes, which gives

$\hat{M}+\hat{V}=\hat{P}+\hat{Y}$

where the $\hat{M}$ denotes the percentage change in the money supply, and similarly for the other variables.

Then for the percentage change in prices to be negative we have that

$\hat{P}$

since

$\hat{P}= \hat{M}+\hat{V}-\hat{Y}$

$\hat{M}+\hat{V}-\hat{Y}$

So if the there's no change in circulation velocity or gdp, then inflation can occur if there's a decline in money supply (percentual change in M is negative).

But it also could be other scenarios:

1. money supply or output did not change and velocity of circulation decreased

2. money supply and velocity remained constant but GDP grew

7 0

3 years ago

Are budgets part of the performance measurement system or the performance reward system? a. Part of neither the performance meas

Helga [31]

Answer:

b. Part of both the performance measurement system and the performance reward system

Explanation:

Both are linked according to the objectives and golas.

Performance measure is a quantifiable expression of the amount, cost, or result of activities that indicate how much, how well, and at what level, products or services are provided to customers during a given time period.

Performance and reward strategies are driven by the concept that employees are not inherently born with the desire to come to work and put in their maximum effort every day for no reason at all. ... An effective performance and reward strategy aligns with organizational goals and objectives

7 0

3 years ago

Data in a multidimensional database is organized in a ________ format.