Purchased goods on credit at a cost of $500

In Mordica Company, total materials costs are $35,500, and total conversion costs are $54,000. Equivalent units of production ar

MrMuchimi

Explanation:

The computation is shown below:

Material Cost per unit = Total Material Cost ÷ Equivalent units of production

= $35,500 ÷ 10,000 units

= $3.55

Conversion Cost per unit = Total conversion cost ÷ Equivalent units of production

= $54,000 ÷ 12,000 units

= $4.5

Total Manufacturing cost per unit = Material cost per unit + conversion cost per unit

= 3.55 + 4.5

= $8.05

6 0

3 years ago

Which of the following is TRUE about corporate culture? A. It is usually determined by outside forces. B. It is easy to change.

nataly862011 [7]

Answer:

D. It can direct employees' efforts toward goals.

Explanation:

Corporate culture of an organization refer to the values, beliefs, and behaviors shared and expected of the employees of the organization.

Corporate Culture is usually influenced by by the tone at the top which the trickles down to other employees of the organization.

It is a key element in driving the organization towards set goals and objective.

Hence, corporate culture can direct employees' efforts toward goals.

4 0

3 years ago

Read 2 more answers

Read the BELOW attached opinion by a federal district court judge in Pennsylvania relating to a destination contract under the U

frutty [35]

Answer:

Yes, I agree. Under UCC rules, the risk of loss is assigned to a party depending on the type of transaction. If a transaction is FOB shipping point, the title passes to the buyer at the moment that the merchandise exits the seller's shipping dock. If the sale is made FOB destination, the title passes only after the merchandise is delivered.

If the title had already passed from the seller to the buyer, the risk of loss is allocated to the buyer.

5 0

3 years ago

A major beverage company faced criticism of various groups and parents for contributing to childhood obesity by selling its suga

Fiesta28 [93]

Answer:

Consumer activism

Explanation:

From the question we are informed about A major beverage company faced criticism of various groups and parents for contributing to childhood obesity by selling its sugar-rich products in schools. As a result, the company partnered with the American Beverage Association and the Alliance for a Healthier Generation to offer lower-calorie and healthier beverages in school vending machines. In this scenario, the cause of the is Consumer activism. Consumer activism can be regarded as process whereby activists stand and seek to influence the process and ways that producers use in production and delivering of goods or services. Definition by Kozinets and Handelman explained it as any social movement that is been raised as society's drive as regards consumption and to detriment of business interests.

5 0

3 years ago

The Polaris Company uses a job-order costing system. The following transactions occurred in October: Raw materials purchased on

Naddika [18.5K]

Answer:

The question is incomplete. Missing Portion is written as bold in explanation.

Explanation:

Required:

1. Prepare journal entries to record the transactions given above.

2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $37,000.

Account Dr Cr

1.Raw materials 209000

Account payable-Liability 209000

The Materials are purchased in credit.

2. Work In Process 152000

Manufacturing Overhead 38000

Raw materials 190000

Entry for Materials used in Production.

3. Work In Process 48000

Manufacturing Overhead 22000

Salaries payable 70000

4.Manufacturing Overhead 104000

Depreciation 104000

5. Manufacturing Overhead 131000

Account payable 131000

6.Work In Process 686700 ( 9 x 76300= 686700)

Manufacturing Overhead 686700

7.Finished Goods 512000

Work In Process 512000

8.Cost of goods sold 449000

Finished Goods 449000

Accounts Receivable 547780

Sales Revenue 547780

**Sales - Cost of job * 1.22 (22 % above cost)

2. T-accounts for Manufacturing Overhead and Work in Process.

Manufacturing overhead

Dr Cr

22000 686700

38000

104000

Ending balance 391700 - Favorable

Work In process

Dr Cr

beginning bal. 37000

152000

48000 512000

Ending balance 411700

6 0

4 years ago

Purchased goods on credit at a cost of $500​

Purchased goods on credit at a cost of $500