1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sasho [114]
3 years ago
6

A department had 65 units which were 20% complete in beginning Goods in Process Inventory. During the current period, 77 units w

ere transferred out. Ending Goods in Process Inventory was 30 units which were 20% complete. Using the FIFO method, what are the equivalent units produced if all direct material and direct labor are added uniformly throughout the process?A. 83B. 70C. 100D. 77E. 107
Business
1 answer:
Rina8888 [55]3 years ago
4 0

Answer:

The correct answer is C. 100

Explanation:

Data

Units in opening Work-In-Progress (WIP) 65

Units added ?

Units transferred out 77

Units in closing WIP 30

Units added=Units transferred out+Units in closing WIP-Units in opening Work-In-Progress (WIP)=77+30-65=42

Equivalent Units in production

Beginning WIP (% to complete) +Started and completed+Ending WIP

Beginning WIP              52 (65 x 80% )( 20% complete at the previous period, 80% in this period)

Started and completed 42

Ending WIP                     6 (30 x 20%) (20% complete in this period)

Total  =52+42+ 6= 100

You might be interested in
The major advantage of margin trading is the
chubhunter [2.5K]

Answer:

The appropriate response is "Margin trading can influence a far bigger place".

Explanation:

  • The given topic Trading on margins offers shareholders not just the possibility of taking more opportunities unlike average, and perhaps moreover versatility for purchasing many more securities.
  • Whilst also investing even from one's dealer, clients can leverage a far bigger role and use only existing leverages.
8 0
3 years ago
A carpenter sells _______ , whereas an automobile manufacturer sells _______.
Scorpion4ik [409]

Basic Answer

a carpenter sells furniture, whereas an automobile manufacturer sells cars.


Bussiness Answer

a carpenter sells style , whereas an automobile manufacturer sells mobility.

5 0
2 years ago
The case study method is most effective in:A. Proving out theoryB. Narrowing the gap between theory and practiceC. Simulating re
tino4ka555 [31]

Answer:

Letter B is correct. <u>Narrowing the gap between theory and practice.</u>

Explanation:

Case study is an investigative methodological approach applied to simple or applied social sciences. It is carried out through the use of different qualitative methods for the collection of data and information relevant to the foundation of the research. The qualitative method is the most appropriate in a case study, as it occurs through subjective and not substantially statistical means of in-depth analysis of relevant factors in an event, an individual, an institution, a group and others.

Case studies can be classified as:

  • exploratory,
  • descriptive, or
  • explanatory.

So it is correct to state that the purpose of the case study is to reduce the difference between theory and practice. Because the analysis of the information collected and the variables and patterns found will provide subsidies for the discussion and better understanding and reasoning between what happens between the theory and the practice analyzed in the case study.

3 0
3 years ago
A business has the following items: - Land $1,500,000 - Machinery $30,000 - Cash $10,000 - Loan $500,000 - Owner’s equity? _____
vodomira [7]

Answer:

The owner's equity amounts to $1,040,000

Explanation:

The formula to compute the owner's equity is as:

Owner's equity = Assets - Liabilities

Where

Assets = Land + Machinery + Cash

= $1,500,000 + $30,000 + $10,000

= $1,500,000 + $40,000

= $1,540,000

Liabilities = Loan

= $500,000

Putting the values above in the formula:

= $1,540,000 - $500,000

= $1,040,000

6 0
3 years ago
Fairfax Pizza borrowed 745,000 dollars to build a new restaurant for 745,000 dollars. The decision to spend 745,000 dollars on t
EastWind [94]

Answer:

Financing decision

Explanation:

Financing decision is concerned with borrowing and allocating funds for investments.

As such, the decision to borrowed 745,000 dollars and use the fund to build a new restaurant for 745,000 dollars is a financing decision.

Capital Budgeting decision-making process involves plans around any long term capital expenditures whose returns (cash inflows and outflow) are expected to be earned in more than a year.

8 0
3 years ago
Other questions:
  • Cheryl Peterson, a U.S.-based business executive, paid the equivalent of $20 to an official of the country of Murundi to expedit
    10·1 answer
  • If a city is considering building a new city office complex, it may appoint a(n) to research possible locations for the offices
    10·1 answer
  • What is overdraft protection (ODP)?
    12·1 answer
  • On December 29, year 6, Kolek Company granted 100,000 stock options to a group of 100 employees, enabling each employee to buy 1
    6·1 answer
  • Several students are arguing over the actual year that the berlin wall came down. some of the students think it was in 1990, sev
    6·1 answer
  • Selected transactions for Cheyenne’s Dog Care are as follows during the month of March.
    15·1 answer
  • A loss-purchase buy and sell agreement among three partners, funded with individual life insurance, would require how many polic
    6·1 answer
  • According to harvard professor linda hill, over the first year of becoming a new manager one of the keys to success is to transf
    15·1 answer
  • If the poverty trap were made even more difficult to overcome because a working mother will have extra expenses like transportat
    15·1 answer
  • A perfectly price-discriminating monopolist is able to a. maximize profit and produce a socially optimal level of output. b. pro
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!