Which of the following is needed to apply for a checking account.

A building manager hires a painting company to paint the common areas in the building. the manager will supply all of the paint.

OlgaM077 [116]

Your answer would be ,,,
a. true

5 0

3 years ago

During March, Hanks Manufacturing started and completed 30,000 units. In beginning work in process, there were 5,000 units 60 pe

Delvig [45]

Answer:

Equivalent units

Materials= 40,000 units

Conversion= 36,000 units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work

Equivalent units = Degree of work done(%) × units of inventory

Conversion cost

Item equivalent units

Opening inventory 40% × 5,000 = 2,000

Fully worked units 100% × 30,000= 30,000

Closing inventory 40%× 10,000= 4,000

Total equivalent unit 36,000

Notes

The following notes explains the computation of the items of equivalent unit for conversion cost:

1. DOC for opening inventory is 40% i.e 100%-60%. Remember that 60% work has been done in the previous period, so the balance is to be done in this current period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in the period.

3. Closing work is only 40% completed. This represent work started this period but not yet completed.

Material cost

Item equivalent units

Opening inventory 0% × 5,000 = 0

Fully worked units 100% × 30,000= 30,000

Closing inventory 100%× 10,000= 10,000

Total equivalent unit 40,000

Notes

The following notes explains the computation of the items of equivalent unit for Material cost:

1. DOC for opening inventory is 0% i.e 100%-1000%. Remember that materials are added at the beginning. Hence all the materials required for the opening inventory had been added in the previous period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% materials was added in the period.

3. All the materials required for the closing inventory were added in this period, hence, 100% degree of completion was used

Equivalent units

Materials= 40,000 units

Conversion= 36,000 units

5 0

3 years ago

Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation:

vfiekz [6]

Answer:

Part a. Compute the unit product cost under absorption costing.

Variable costs per unit:

Direct materials $ 165

Direct labor $ 72

Variable manufacturing overhead $ 8

Fixed Overheads per unit:

Fixed manufacturing overhead ($535,500/10,500) $ 51

Unit product cost $296

Part b. Compute the unit product cost under variable costing.

Variable costs per unit:

Direct materials $ 165

Direct labor $ 72

Variable manufacturing overhead $ 8

Unit product cost $245

Explanation:

Part a. Compute the unit product cost under absorption costing.

Absorption costing treats fixed overheads as part of product cost and hence fixed manufacturing overheads are included in unit product cost at their absorption rate

Part b. Compute the unit product cost under variable costing.

Variable Costing System treats fixed overheads as a Period Cost and not part of product cost hence fixed manufacturing overheads are excluded in unit product cost

8 0

4 years ago

Theo is injured at work and files a workers' compensation claim, which is administered by the workers' compensation agency in hi

mixas84 [53]

Because the judge has the final answer because Theo waved his right for a trial

3 0

3 years ago

With brick-and-mortar toy stores closing, board game manufacturers expect to have trouble finding as many consumers interested i

Oxana [17]

Answer:

This is how the market for board games would be affected in the explanation below

Explanation:

Because the manufacturers of the board game expect that the demand for their games would experience a decline, they would have to adjust their Production according to the decline. This is going to shift supply curve to the left, because of the decline in the production. Then equilibrium price would then increase as the quantity decreases because of the shift of the supply curve to the left.

3 0

3 years ago