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
Olin [163]
3 years ago
13

Colby Company has a process costing system in which the weighted-average method is used. The company adds all materials at the b

eginning of the process in the Molding Department, which is the first of two stages of its production process. Information concerning the materials used in the Molding Department during March is as follows:
Work in process at March 1: Units = 22,000; Material costs = $11,000
Units started during March: Units = 90,000; Materials costs = $46,120
Units completed and transferred to the next department during March: Units = 97,000

What was the materials cost of the work in process inventory at March 31?
$11,220
$7,500
$5,100
$7,650
Business
1 answer:
ivanzaharov [21]3 years ago
4 0

Answer:

$7,650

Explanation:

Ending work in progress = Beginning Work in progress + Units started - Units completed and transferred

= $22,000 + $90,000 - $97,000

= $15,000

Equivalent units = Units completed and transferred + Ending work in progress

= $97,000 + $15,000

= $112,000

Total cost = Material cost (Beginning) + Material cost during the month

= $11,000 + $46,100

= $57,100

Cost per equivalent unit = $57,100 ÷ $112,000

= $0.51

Materials cost of the work in process inventory at March 31 = Ending work in progress × Cost per equivalent unit

= $15,000 × $0.51

= $7,650

You might be interested in
A parking lot charges $2 per hour for the first 4 hours, then $3 per hour after that. Which equation(s) describes the total cost
Ivenika [448]

Answer:

there are no options but i would say it’s probably close to y= 8 + 3x

5 0
3 years ago
Ted was dissatisfied with his job. He said that the company policy, supervision, and working conditions were responsible for his
poizon [28]

Answer: (B).

"Hygiene factors" are the extrinsic factors that create job dissatisfaction.

Explanation:

Frederick Herzberg's theory states that some factors in the organization lead to job satisfaction while others cause job dissatisfaction.

According to him, the presence of motivators (such as; recognition and employee involvement) in an organization lead to job satisfaction.

He also stated that when "hygiene factors" (such as conducive working conditions, good supervision and job security) are absent, it causes dissatisfaction in the workplace, even though their presence don't improve job satisfaction.

7 0
3 years ago
Edgar, the production manager at a textile factory, has noticed a decline in the production capacity of the factory. He wants to
jek_recluse [69]

Answer:

A. Identifying and defining the problem

Explanation: Before taking any action in a production environment one must be able to identify and define the problem.

Problem identification and defining is first approach to solving problems as it gives a clear picture of what and how the problem is,when it started and the possible threats it pose to the business entity.

When a manager wants to address a problem, he should first identify the problem,carry out steps that will help him or her to define what the problem is,through this he or she can be able to develop possible solutions.

4 0
3 years ago
What are the cons of using new residential sales/new home sales as a economic indicator?
rodikova [14]

Answer:

New home sales and existing home sales are released each month at about the same time. Many comparisons are made between the two series, but before doing any comparisons, one must be aware of some definition differences that affect the timing of the statistics.

The Census Bureau collects new home sales based upon the following definition: "A sale of the new house occurs with the signing of a sales contract or the acceptance of a deposit." The house can be in any stage of construction: not yet started, under construction, or already completed. Typically about 25% of the houses are sold at the time of completion. The remaining 75% are evenly split between those not yet started and those under construction.

Existing home sales data are provided by the National Association of Realtors®. According to them, "the majority of transactions are reported when the sales contract is closed." Most transactions usually involve a mortgage which takes 30-60 days to close. Therefore an existing home sale (closing) most likely involves a sales contract that was signed a month or two prior.

Given the difference in definition, new home sales usually lead existing home sales regarding changes in the residential sales market by a month or two. For example, an existing home sale in January, was probably signed 30 to 45 days earlier which would have been in November or December. This is based on the usual time it takes to obtain and close a mortgage.

Effective with January 2005, the National Association of Realtors created a new monthly series to overcome the lagging effect of the existing home sales definition. This new series is called Pending Home Sales and is based on sales of existing homes where the contract has been signed but the transaction has not been closed, making it roughly equivalent to the new home sales definition. Monthly estimates are expressed as an index where the year 2001 has been set to equal 100.0.

Explanation:

8 0
3 years ago
Economics can be described as the study of how people use ________ resources to satisfy ________ wants.A) unlimited; unlimitedB)
Masteriza [31]

Answer:

C) limited; unlimited

Explanation:

Economics can be described as the study of how people use limited resources to satisfy unlimited wants.

5 0
3 years ago
Other questions:
  • Which of the following four Ps of marketing includes TV, radio, print, and online advertising, as well as coupons, direct mail,
    7·1 answer
  • Elana works an average of 60 hours each week. she wants to have a great work-life balance. how can she improve her social/emotio
    11·1 answer
  • Raj has been reviewing copies of medical records of patients from his clinic to see if he can identify any opportunities for qua
    8·1 answer
  • You can ready yourself for an interview by:
    9·1 answer
  • Blissful Blankets' target profit is $520,000. Each blanket has a contribution margin of $21. Fixed costs are $320,000. The numbe
    9·1 answer
  • According to the U.S. Department of Transportation, the construction of tunnels is one of the greatest challenges encountered du
    5·1 answer
  • A car dealership promotes cars by donating a percentage of each sale to local charities. A beverage company gives free branded t
    5·1 answer
  • The most immediate impact of rising inflation is
    13·2 answers
  • For price discrimination via coupons to be successful, it must be TRUE that:
    13·1 answer
  • I'll give 20 points if you just answer this riddle: You see a boat filled with people. It has not sunk, but when you look again
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!