All categories

3 years ago

Refer to the information for Alfombra Inc. below.

Business

1 answer:

Ann [662]3 years ago

4 0

Answer:

cost to be accounted for:

beginning cost: 180,000

added cost 756,000

total cost 936,000

cost accounted for:

ending WIP 30,000 x 5.2 = 156,000

trasnsferred-out: 150,000 x 5.2 = 780,000

total cost accounted for 936,000

Explanation:

150,000 completed

50,000 at 60%

weighted average equivalent unit:

complete + percetage of completion ending WIP

150,000 + 50,000 x 60% = 180,000

Cost per unit:

936,000 / 180,000 = 5.2 dollar per unit

we should match the total cost pool with the ending WIP and trasnferred out units

You might be interested in

Which of the following statements is TRUE? A. By INCREASING the number of payments per year, you BOOST your total cash outflow

dolphi86 [110]

B I’ve seen the question before

6 0

3 years ago

The allocatively efficient quantity of product Z for the whole market is 2 million units. At that quantity, the demand for Z is

makkiz [27]

Question Completion:

ANSWER CHOICES

A. operating with decreasing returns to scale

B. a natural monopoly

C. a legal monopoly

D. monopolistically competitive

E. productively efficient

Answer:

Based on this data, the market for product Z is:

A. operating with decreasing returns to scale.

Explanation:

For the Average Revenue (Price) to equal the Average Total Cost (ATC) and enable the firms operating in the market to break-even, the firms must increase their production units from 2 million to 3.5 million units. The conclusion that the market for product Z is operating with decreasing returns to scale for a single supplier is because it will take a 75% increase in production for the average total cost to fall from $7 to $5 for the single producer. In other words, the percentage increase in production does not result in a proportionate decrease in average total cost.

3 0

3 years ago

For each of the following products and services, indicate whether it is more likely produced in a process operation or in a job

lord [1]

Answer:

Process operations are for when there are multiple goods to be produced. These products normally have the same specifications so can be mass produced.

This is different from Job order operation which is used when a single good is product. It is usually used for customized goods.

Process operations:

Beach towels
Bolts and nuts
Lawn chairs
Headphones

Job Order operation

Designed patio.

3 0

3 years ago

Joey set up a lawn-mowing business in his neighborhood. He currently has 7 customers that want their lawns mowed each week, for

monitta

Answer:

Joey's weekly revenue is $175.

4 0

3 years ago

Alicia's credit card statement for July read as follows:

ioda

Answer:

$495.5

Explanation:

The closing balance will the opening balance plus additional charges minus the payments made.

Opening or previous balance = $547.00

New charges: $238.31

Finance charge: $8.21

Total new charges =$238.31 +$8.21= $246.52

Payments = $299.00

New Balance at end of July

=$547.00 + $246.52- $299

=$794.5 -$299.0

=$495.5

3 0

2 years ago