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Softa [21]
3 years ago
5

Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the fir

st processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 10,600 65% Conversion costs $ 12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 142,100 Conversion costs $ 359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: Multiple Choice $15.28 $18.29 $16.42 $17.02
Business
1 answer:
Gwar [14]3 years ago
3 0

Answer:

$18.29

Explanation:

                                               Material    Conversion  

Units transferred to

the next department          7.400   7.400  

Ending WIP    

Materials  50%                                1.900 950  

Conversion Cost 35%                    1.900 665

Equivalents Units Production         8.350 8.065

   

Cost of beginning work in process inventory   $ 10.600  $ 12.800

Costs added during the period                      $ 142.100 $ 359.500

TOTAL COST                                                  $ 152.700 $ 372.300

Equivalents Units Production                             8.350 8.065

Cost per equivalent unit                                    $18,29   $46,16  

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Llana [10]

The correct option for The firm enjoys economies of scope.

economies of scope exist if C(Q1, 0) + C(0, Q2) > C (Q1, Q2) (10 + 5Q1) + (10 + 5Q2) > 10 + 5Q1 + 5Q2 - 0.2Q12Q2.

Economies of scope is an economic theory stating that the average total cost of production decrease as a result of increasing the number of different goods produced. For example, a gas station that sells gasoline can sell soda, milk, baked goods, etc.

Economies of scope is a financial precept wherein a commercial enterprise's unit value to supply a product will decline because the form of its products will increase. In different words, the extra one of kind-but-comparable goods you produce, the lower the total cost to provide each one may be.

Your question is incomplete. Please read below for the missing content.

A firm can produce two products with the cost function C(Q1, Q2) = 10 + 5Q1 + 5Q2 - 0.2Q1Q2. The firm enjoys:

A. economies of scale in the two products separately.

B. economies of scope.

C. cost complementarity.

D. economies of scale in the two products separately and cost complementarity.

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6 0
1 year ago
Bernie wants to go into the business of construction contracting. Among the reasons that would probably convince Bernie to set u
krek1111 [17]

Answer:

a. its greater flexibility

Explanation:

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A sole proprietorship doesn't usually have perpetual existence. It usually ends when the owner dies. It is not easy to transfer shares to other family members.

A sole proprietorship gives the owner the opportunity to be involved in the day to day running of the business.

I hope my answer helps you.

6 0
3 years ago
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7 0
3 years ago
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fiasKO [112]
The answer to your question is: "<span>Internal production"

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5 0
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Eduardwww [97]

Answer:

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