Answer:
a. $265,000
Explanation:
Process costing is one of method to assign cost to manufactured unit. This method is most commonly used for identical units produced.
Terada Corporation also uses process costing system. In April $241,000 units were transferred out of the department. To identify the total cost under weighted average method we can add up beginning work in process and units transferred out. We get $265,000 if we add up beginning work in process inventory and cost of units transferred out from the department.
= $24,000 + $241,000
= $265,000.
At a time of declining prices, the cost flow method that will result in the highest ending inventory is LIFO.
If the costs are declining, it was the brand new stock purchase shall be at a decreased price and the oldest purchase shall be at a better fee. In the LIFO methods finishing stock is assumed from the oldest purchases, hence the LIFO assumption will result in the best ending inventory.
In a period of declining prices, LIFO will bring about the bottom value of products bought (maximum latest purchases) and the best ending stock (earliest purchases).
Last In First Out (LIFO) is a way used to account for stock. Under LIFO, the charges of the maximum latest merchandise purchased (or produced) are the primary ones to be expensed. For the duration of instances of rising charges, agencies may additionally find it beneficial to use LIFO price accounting over FIFO. below LIFO, firms can keep on taxes in addition to better fitting their revenue to their contemporary fees whilst charges are rising.
Learn more about LIFO here brainly.com/question/25887081
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Answer:
D. measures the degree to which one input can be substituted for another, output held constant.
Explanation:
Marginal Rate of Technical Substitution is the rate at which producer gives up one input, in exchange of other input, maintaining the same output level.
So implicatively, it denotes the degree to which one input can be substituted for another, output held constant.
MRTS (K,L) = MP L / MP K = w / r ; Where :-
K = Capital, L = Labour, MP L = Marginal Productivity of Labour, MP K = Marginal Productivity of Capital, w = Wages, r = Rent
MRTS is diminishing, because of decreasing marginal productivities of factor inputs.
Answer:
Double Declining Depreciation rate = 1/5*2
Double Declining Depreciation rate = 40%
Double Declining Depreciation for 2021 = $75,000*40%
Double Declining Depreciation for 2021 = $30,000
Book value at December 31, 2021 = $75,000 - $30,000
Book value at December 31, 2021 = $45,000
