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Sergio039 [100]
3 years ago
9

Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of

6,800 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,800 units that were 60% complete with respect to conversion costs. If 13,600 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be:
Business
1 answer:
Ksju [112]3 years ago
6 0

Answer:

The equivalent units of production for conversion cost would be $11,680 units

Explanation:

The computation of the equivalent unit of conversion is shown below:

= (Beginning inventory units × remaining percentage)  + (units started and  completed units × completed percentage) + (ending inventory units × completed percentage)

= (6,800 units × 25%) + (6,500 units × 100%)  + (5,800 units × 60%)

= 1,700 units + 6,500 units + $3,480 units

= $11,680 units

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The objective of _____ is to build sales, market share, and profits quickly by providing an incentive to purchase the product im
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Answer: Market Penetration Pricing.

Explanation:

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3 years ago
Under variable costing, if a manager's bonus is tied to operating income, then increasing inventory levels compared to last year
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Answer: not affecting the manager's bonus

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7 0
3 years ago
It takes K’s Boutique an average of 53 days to sell its inventory and an average of 16.8 days to collect its accounts receivable
dezoksy [38]

Answer:

The accounts receivable turnover rate is 21.73

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This way we can find how many times a year does the company collect payments for its accounts receivable, so when we divide the total number of days in a year by the average number of days to collect we can calculate how many times we collect payment for accounts receivable.

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3 years ago
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3 years ago
Read 2 more answers
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