Answer:
The correct answer is $12,060.
Explanation:
According to the scenario, the given data are as follows:
Production in June = 400 units
Production in July = 410 units
Each unit required = 5 pounds
Cost per pound = $6
So, June required raw material = 400 units × 5 pounds = 2000 pounds
For July required raw material = 410 units × 5 pounds × 20% = 410 pounds
So, required total raw material for June = 2000 pounds + 410 pounds - 400 pounds ( already in inventory)
= 2010 pounds
So, the total cost required for raw material in June = 2010 pounds × $6
= $12,060
Hence, the budgeted cost of purchases for raw material K for June is $12,060.
Answer:
See below
Explanation:
A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.
The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.
Answer:
Materials
62,000 equivalent units
Conversion
42,800 Equivalent untis
Cost of finished Goods
38,000 x (.75 + .55) = 38,000 x 1.3 = $49,400
WIP
24,000 x .75 = 18,000
4,800 x .55 = 2,640
Total WIP 20,640
Explanation:
Equivalent Units
38,000 complete
20% of 24,000 WIP = 4,800
Equivalent Units CC = 42,800
x .55 CC = 23540
Materials
62,000 x .75 = $46,500
Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. This statement is true.
<h3>
What is Partnership?</h3>
- In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
- Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals.
- A partnership may solely be controlled by a contract, or it may issue and hold stock. Business: Two or more businesses collaborate in a joint venture, a buyer-supplier arrangement, a strategic alliance, or a consortium to: I work on a project (such as an industrial or research project) that would be too difficult or risky for a single entity; and (ii) join forces to have a stronger position on the market.
To learn more about partnership with the given link
brainly.com/question/19988417
#SPJ4
I think the answer is either a or c
