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3 years ago

How are dividing fractions used in real life?

1 answer:

6 0

Art Projects

Have you ever made a collage as a group, or painted a wall for a community project. Whenever you do something like that you are given a certain piece to do. This is division. When divided the workload becomes easy and light and when working together side by side, you are learning valuable people skills.

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Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.30 per po

bija089 [108]

Answer:

Pirate Seafood Company

1) Calculation of the Allocated Cost of Sold Items:

a) Production Units:

Lobster tails = 3,200/100 * 58 = 1,856 units

Lobster flakes = 3,200/100 * 26 = 832 units

Total units = 2,688 units, costing $12,800

b) Material costs:

Lobster tails = 1,856/2,688 * $12,800 = $8,838

Lobster flakes = 832/2,688 * $12,800 = $3,962

c) Labor costs:

Lobster tails = 1,856/2,688 * $7,400 = $5,110

Lobster flakes = 832/2,688 * $7,400 = $2,290

d) Total Production costs (Materials & Labor):

i) Lobster tails = $8,838 + $5,110 = $13,948

per unit cost = $13,948/1,856 = $7.52

ii) Lobster flakes = $3,962 + $2,290 = $$6,252

per unit cost = $6,252/832 = $7.51

e) Cost of Sales:

Lobster tails = $7.52 x 1,722 = $12,949.44

Lobster flakes = $7.51 x 752 = $5,647.52

2) Calculation of the Allocated Cost of Ending Inventory:

a) Ending Inventory units:

Lobster tails = Production unit Minus Sales unit = 1,856 - 1,722 = 134

Lobster flakes = Production unit Minus Sales unit = 832 - 752 = 80

b) Ending Inventory costs:

Lobster tails = 134 x $7.52 = $ 1,007.68

Lobster flakes = 80 x $7.51 = $600.80

Explanation:

To calculate the costs of sales and the costs of ending inventory, the first step is to calculate the units produced. The material and labour costs are then apportioned based on the units produced since no costs are allocated to the waste.

Then, the unit costs of tails and flakes are calculated. These form the bases for computing the cost of items sold and the ending inventory.

5 0

3 years ago

The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person tha

spin [16.1K]

Answer:

Law of Diminishing Marginal Utility

Explanation:

The Law Of Diminishing Marginal Utility states that all things being equal as consumption rises the marginal utility derived from additional unit of consumption falls.

7 0

3 years ago

Select all that apply.

tino4ka555 [31]

Answer:

adding up consumption, investment, government expenses, and net exports

adding up the market prices of final goods and services produced in the U.S

adding up the incomes of producers and taxes paid to the government

Explanation:

GDP is a measure of the sum value of a country's output in a given period. The GDP value reflects economic growth or decline in a country for the period under review.

GDP is calculated using three methods. They include the income, production, and expenditure approach.

In the Income approach, economists add up all the earnings from the factors of production. Wages and salaries of all employees; the profits from businesses and corporates' ; rents, and interests form landlords are summed up to get GDP. Adjustments are made to cater for the taxes paid to the relevant government agencies. ( 4th option)

The production approach involves getting the value of all the finished consumer goods and services in the economy. The approach excludes intermediary goods and work-n progress. GDP is obtained by adding the total of the finished products and services and multiplying them by their prices. (3rd option)

The consumption option applies a formula that GDP = C+G+I+ NX, where C is private consumption expenditure, G is government consumption and investment expenditure, and I in private investment expenditure. NX is the net imports. ( 1 st option )

4 0

3 years ago

Brody owns all the stock in Mongoose Corporation. Brody has a basis of $200,000 in the Mongoose stock, which currently has a fai

oee [108]

Answer:

d. None of the above.

Explanation:

Option D is correct because Brody has a basis of $200000 Mongoose stock and its market value is $500000. After the merger, Brody receives $200000 preferred stock and $300000 common stock which is equal to its market value of a stock before the merger so there is no gain.

3 0

2 years ago

The procedures for using workgroup information systems need to be understood only by the IT department of an organization.

nikklg [1K]

False,The procedures for using workgroup information systems need to be understood only by the IT department of an organization.

<h3>What is information systems?</h3>

A formal, sociotechnical, organizational system designed to collect, process, store, and distribute information is known as an information system. Information systems are made up of four components from a sociotechnical standpoint: task, people, structure, and technology.

The field of information systems is concerned with the effective design, delivery, and application of information and communication technologies to solve problems for businesses, governments, and society.

System survey, needs analysis, design, implementation, testing, change, and maintenance are the six major stages of information system development.

To know more about information systems follow the link:

brainly.com/question/25226643

#SPJ4

7 0

1 year ago