Answer:
The answer is: C
Explanation:
This costing question assesses the stages of completion of inventory during the manufacturing process. The significant point of information is: all materials are added at the beginning of the process, meaning at the end of the period, materials are fully complete, that is, no more materials will be added to the ending work in process. However, the conversion costs are yet to be fully utilised. In this case, equivalent units (partial units computed as completed units for purposes of costing at the end of a financial period) will have to be calculated to reflect the stage of completion.
Materials cost: 5000 units at 100% completion yields 5000 units for costing
Conversion costs: 5000 units at 20% conversion completion is equal to: 5000*0.2= 1000 equivalent units
The costing calculation for ending work in process is as follows:
Materials cost: 5000 units at $5.00 per unit = $25,000
Conversion cost: 1000 units at $3.00 per unit = $3000
The total cost for ending work in process is the sum of the materials cost and conversion cost = $28,000
Answer:
Nothing
Explanation:
The reason is that the contract is not formed between my brother and the car seller because the legal requirement to form a contract is 18. So the car seller lacks right to sue my brother for non complaince with the terms and conditions agreed.
Answer:
The correct answer is option c.
Explanation:
When people move to a previously unpopulated area, the quantity of both consumers as well producers will increase. This will create an increase in both the demand as well as the supply. Both the demand and the supply curve will move to the right.
This rightward shift in both the demand as well as supply curve will lead to an increase in equilibrium quantity. The change in equilibrium price will depend upon the extent of change in demand and supply.
