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Alex
3 years ago
14

March 1, 2017, Alpha Company's beginning work in process inventory had 8,000 units. This is its only production department. Begi

nning WIP units were 50% complete as to conversion costs. Alpha introduces direct materials at the beginning of the production process. During March, a total of 15,000 units were started and a total of 20,000 units were completed. Alpha's ending WIP inventory had 3,000 units which were 70% complete as to conversion costs. Alpha uses the weighted average method. Use this information to determine for March 2017 the equivalent units of production for conversion costs. (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)
Business
2 answers:
Natali [406]3 years ago
5 0

Answer:

Beginning units          8000 Transferred out 20,000

Started intro production 15000   Ending units          3,000

                                       23000                          23000

Equivalent units             Material                    Conversion  

Units transferred          A         20000                20000  

Ending Units                           3,000                  3,000  

Completion                           100%                     70%  

B                                           3000                     2100  

Total units                         23000                    22100

Nikolay [14]3 years ago
4 0

Answer:see attached file

Explanation:

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2 years ago
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Last year, Joan bought 50 pounds of hamburger when her household’s income was $40,000. This year, her household income was only
Norma-Jean [14]

Answer:

a. positive, so Joan considers hamburger to be an inferior good.

Explanation:

Income elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the Income elasticity , a formula is used that divides the observed percentage change in quantity (Q) by the percentage change in price income (P): Elasticity = ▲ Q / ▲ P

The percentage change in quantity (▲ Q) and the percentage change in price (▲ P) are calculated by the difference in quantity / price in the two periods divided by the quantity / price of the first period.

▲ Q = (60 -50/60) = 0,16

▲ Q = (40.000 - 30.000/40.000) = 0,25

Elasticity = ▲ Q / ▲ P  = 0,16/0,25 = 0,64

Therefore, the elasticity is positive.

This good is considered inferior, because according to microeconomic theory, inferior goods are those whose demand increases when consumer income decreases. This is the opposite of the normal good, which has its demand increased when income increases.

8 0
3 years ago
Chancellor Ltd. sells an asset with a $2.4 million fair value to Sophie Inc. Sophie agrees to make seven equal payments, each to
sattari [20]

Answer:

The Annual payment to be made is $445,327

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The computation of the annual payment is shown below;

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4 0
3 years ago
Taurus's gross pay for the week is $980. his yearly pay is under the limit for oasdi. assume that the rate for state and federal
olga_2 [115]
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3 years ago
Mary spends $5 on food for her cat. This is an example of a: a. household buying goods and services in the factor market. b. hou
german

Answer:

household buying goods and services in the product market

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The product market is where final goods and services are sold to households and firms.

The factor market is where factors of production are exchanged.

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