Answer:
Assembly Work In Process Inventory
Explanation:
The units completed cost will be move from one process into the next one.
The transferred-out cost will be credited from Molding(origin) and debited into Assembly Work-in-Process(destination)
As this is a theoreticalquestion we don't have to look into the numbers.
Answer:
Inventory at the end of march 2008 = 150 units
Explanation:
<em>The closing inventory at the end of a particular period will be opening inventory at the beginning of the following period.</em>
<em>Note that the inventory at the end of March 2008 will be the opening inventory at the beginning of April 2008.</em>
<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories. </em>
Production = Sales volume + closing inventory - opening inventory
100 = 50 + 200 - X
X = 50 + 200 -100
X = 150 units
Inventory at the end of march 2008 = 150 units
Answer:
$4
Explanation:
Contribution margin is the difference between sales and variable cost. As such, the contribution margin per unit is the difference between the sales per unit and the variable cost per unit.
Given that
variable cost per unit = $6
Selling price per unit = $10
The contribution margin per unit is
= $10 - $67
= $4
Answer:
The population of interest is adults, 18 years old of older, who reside in Johnson city.
This population consists in the entirety of the people who fulfill those characteristcs. For example, if 1 million people 18 years of age or older reside in Johnson city, then the population of interest is 1 million people.
The 200 hundred people surveyed is a sample. Statistically, many things about a population can be inferred from a sample thanks to the central limit theorem, which states that if a population has a normal distribution (most populations do), then, its characteristics can be approximately described through sampling a small but representative subset of that population.
