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Taya2010 [7]
3 years ago
10

Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct materials and conversion cost

s. Each product must pass through the Assembly Department, the Programming department, and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Shiffon Electronics uses weighted-average costing. The following information is available for the month of March 2017 for the Assembly department. Work in process, beginning inventory 390 units Conversion costs (30% complete) Units started during March 840 units Work in process, ending inventory: 180 units Conversion costs (65% complete) The cost details for the month of March are as follows: Work in process, beginning inventory: Direct materials $346,000 Conversion costs $368,500 Direct materials costs added during March $707,500 Conversion costs added during March $1,124,000 What is the direct materials cost per equivalent unit during March
Business
1 answer:
sattari [20]3 years ago
7 0

Answer:

$932 per unit

Explanation:

The computation of direct materials cost per equivalent unit is shown below:-

Work in process ending 100% complete in material = 840 + 290

= 1,130

Total cost = Direct material + Direct materials costs added during March

= $346,000 + $707,500

= $1,053,500

Material Equivalent unit cost = Total cost ÷ Units to account for

= $1,053,500 ÷ 1,130

= $932 per unit

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Answer and Explanation:

The preparation of the balance sheet is presented below:

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Total Liabilities and stockholder equity $132,000

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5 0
3 years ago
If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is
Aleks [24]

If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is less than terry's total utility from owning 8 pairs.

The benefit that a person receives from consuming all of a given commodity's units at once or over time is referred to as their total utility.

In other terms, total utility is the overall satisfaction attained through the consumption of numerous units of commodities and services. Every unit of a commodity has a marginal utility, which is a benefit gained from consuming an extra unit. The total utility is the total of all these marginal benefits.

The consumer tries to consume various combinations of products and services within the available restricted resources (money) in order to optimise his overall utility. Generally speaking, individuals try to get the most out of the money they spend on goods and services.

Learn more about Total utility here brainly.com/question/9192772

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3 0
1 year ago
On April 1, year 1, Mary borrowed $130,000 to re-finance the original mortgage on her principal residence. Mary paid 1 points to
Simora [160]

Answer:

Mary can deduct $1,300 in year 1 for her points paid.

Explanation:

a) Data and Calculations:

April 1, Amount borrowed by Mary to refinance the original mortgage on her principal residence = $130,000

Payment of 1 points to reduce Mary's interest rate from 7% to 6% amounts to 1% of $130,000 = $1,300.

b) Mary paying 1 points is beneficial to her since her interest cost is reduced from 7% to 6%.  This implies that her total finance cost at the end of the 30-year period will be reduced.

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Which of the following is NOT included when calculating gross income?
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The gross revenue, cost of sold goods marks the gross income for a business which is also known as gross margin. It does not include all the other costs in running the business.

For an individual, gross income is the total financial income that he/she receives before paying tax or other deductions is known as gross income or gross pay. It not only includes wages and salary but also the other incomes namely alimony, pension, tips, rental income, investment income, capital gains and dividends.

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