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3 years ago

The current u.s. economy is based primarily on the production of

1 answer:

6 0

The current U.S. economy is based primarily on the production of services. Services are expert work performed by teams for customers, such as products, accountancy, consultation, banking, cleaning, education, insurance, and treatment, for example.

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During March, the production department of a process operations system completed and transferred to finished goods 25,000 units

amid [387]

Answer:

140,000 units and 130,250 units

Explanation:

The computations are shown below:

For Material cost:

= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 110,000 units × 100% + 30,000 units × 100%

= 110,000 units + 30,000 units

= 140,000 units

For Conversion cost:

= Beginning work in progress units × remaining completion + Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 25,000 units × 45% + 110,000 units × 100% + 30,000 units × 30%

= 11,250 units + 110,000 units + 9,000 units

= 130,250 units

The remaining percentage would be

= 100% - 55%

= 45%

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2 years ago

In 2019, Winn, Inc. issued $1 par common stock for $35 per share. No other common stock transactions occurred until July 31, 202

Vadim26 [7]

Answer:

b. <em> </em>Additional paid-in capital is decreased

Explanation:

The entry to record acquisition and retirement is:

Debit Credit

Common stock $1

Paid-in capital—excess of par $34

<em> Paid-in capital—share repurchase $5</em>

Cash $30

<em>Conclusion: </em>Additional paid-in capital is decreased.

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3 years ago

Fruitlicious is a fruit juice manufacturing company. The company ensures that all the raw materials are used well and minimal wa

Semmy [17]

It can be said that Fruitlicious demonstrates Efficiency

<h3><u>Explanation:</u></h3>

Efficiency correlates to the quality of your profession, which might involve building manufacturing with more limited waste, utilizing fewer resources or consuming smaller money. Improved efficiency can impede productivity and vice versa. Obtaining the correct sequence of productivity and efficiency assists you optimize your yield while reducing losses.

Added means to look at efficiency is the amount of gained hours of great quality productive product sorted by the number of work hours possible in a day. Essentially to expand manufacturing efficiency you want to create added output in the equivalent amount of time

5 0

2 years ago

An allocation base that causes overhead costs to be incurred is called a(n):

barxatty [35]

It is called A COST DRIVER. A cost driver refers to any factor that causes a change in the cost of an activity. Cost driver is used to assign overhead costs to the quantity of a particular goods that is manufactured. Example of a cost driver is direct labour hours input into a production operation.

7 0

3 years ago

Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution - $2,000 Taxes and i

Contact [7]

Answer:

Adjusted gross income = $51000

Explanation:

given data

gross income = $50,000

Charitable contribution = $2,000

Taxes and interest = $7,000

Legal fees = $1,000

Medical expenses = $3,000

Penalty = $250

to find out

Adjusted gross income AGI

solution

we get here Adjusted gross income AGI is express as

Adjusted gross income = gross income + Taxes and interest - Charitable contribution - Legal fees - Medical expenses ............................1

put here value we get

Adjusted gross income = $50,000 + $7,000 - $2,000 - $1,000 - $3,000

Adjusted gross income = $51000

6 0

3 years ago