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Tpy6a [65]
3 years ago
5

Use this information about Department A to answer the question that follow. Department A had 4,200 units in Work in Process that

were 76% completed as to labor and overhead at the beginning of the period. 31,400 units of direct materials were added during the period, 33,100 units were completed during the period, and 2,500 units were 29% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was
Business
1 answer:
poizon [28]3 years ago
8 0

Answer:

30,633 units

Explanation:

The number of equivalent units of production for conversion costs for the period using the FIFO method is shown below:

= Beginning work in process units  × remaining percentage + units started and completed units × percentage of completion   + ending work in process inventory units × percentage of completion

= 4,200 units × 24% + 28,900 units  × 100%   + 2,500 units × 29%

= 1,008 units + 28,900 units + 725 units

= 30,633 units

The units started and completed units are come from

= 33,100 units - 4,200 units

= 28,900 units

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iogann1982 [59]

Firms usually engage in a lot of activates for profit.  Zero economic profit  may continue to earn profit by reducing costs.

  • A monopolistic competitor, like some organizations often earn profits in the short run. The entry of some firms into the same market can bring about a shift in the demand curve faced by a monopolistically competitive firm.

When economic profit is zero, an organization is known to be earning the same as when its resources were used in the next best alternative.

See full question below

Is zero economic profit inevitable in the long run for monopolistically competitive firms? In the long run, monopolistically competitive firms

A. will not continue to earn profit because the cost of production will rise as new firms enter the market.

B. may continue to earn profit by convincing consumers their products are different.

C. will continue to earn profit due to barriers to new firms entering the market.

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6 0
2 years ago
Personal Accents, Inc., (PAI) is a publicly held company that specializes in selling a variety of skin- and hair-care products.
Ilya [14]

Answer:

The answer is option “d” – selling PAI stock short.

Explanation : Short selling should be done only when the share prices are expected to fall. In this case PAI stocks are set to rise in a gradual manner and short selling will lead to losses.

8 0
3 years ago
The common stock of Dayton Repair sells for $43.19 a share. The stock is expected to pay $2.20 per share next year when the annu
mihalych1998 [28]

Answer: 7.35%

Explanation:

Based on the information given, the market rate of return on this stock will be calculated as:

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G = dividend growth rate =2.25%

We then slot the figures into the formula and we will get:

= (D1/P0) +G

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3 years ago
Fred ran short on cash and borrowed​ $300 through a payday loan company. the company charged him a fee of​ $60 to borrow the​ $3
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3 years ago
The industry-low, industry-average, and industry-high cost benchmarks on p.6 of each issue of the Footwear industry report
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