Answer:
Work in Process Inventory account balance on June 30 is $950.
Explanation:
Here i will calculate the balance of Work in Process Inventory account using missing figure technique in Work In Process T - Account.
<u>Calculation of Work in Process Inventory account balance</u>
Work In Process T - Account
<u>Debit :</u>
Beginning Work in Process (Job A) $500
Beginning Work in Process (Job B) $350
Manufacturing Costs incurred (Job A) $750
Manufacturing Costs incurred (Job B) $600
Totals $2,200
<u>Credit :</u>
Transferred to Finished Goods (Job A) $1,250
Ending Work In Process (Job B) (<em>Balancing figure</em>) $950
Totals $2,200
,Answer:
$23,910
Explanation:
The computation of the amount of equity income should Akron report for 2018 is given below:
But before that the amortization is
Purchase price $97,500
carrying value ($390,000 ×5%) $19,500
Total fair value $117,000
Less: net book value ($287,000 × 0.30) $86,100
Franchise agreement $30,900
Divided by Remaining life 10
annual amortization $3,090
Now the amount of equity income is
= $90,000 ×30% - $3,090
= $23,910
Calculating average cost of steak initially when only 5000 pounds was produced
Average cost= 50000/5000
AC= 10$
Now when 1 pound is added only 9$ is added in total cost so marginal cost
MC= 9$
From above calculations we can see that AC>MC
so we can say that the average cost of production is greater than marginal cost so it will be beneficial to produce more
Answer:
Amount of choices for consumers. ... Consumer preferences. The market structure of pure competition is distinctive because- There are no examples of this type of market.
Explanation:
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I Believe the answer is <span>d. operating. Hope this helped:D XoXo -Marcey<3
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