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otez555 [7]
3 years ago
8

Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion

activity occurs uniformly throughout production. The beginning work-in-process inventory is 70% complete with respect to conversion; the ending work-in-process inventory is 10% complete. The following data pertain to May: Units Work in process, May 1 15,200 Units started during May 66,800 Units completed and transferred out 73,100 Work in process, May 31 8,900 Total Direct Materials Conversion Costs Costs: Work in process, May 1 $56,600 $22,700 $33,900 Costs incurred during May 328,400 78,400 250,000 Totals $385,000 $101,100 $283,900 Using the weighted-average method of process costing, the equivalent units of direct materials total:________
Business
1 answer:
Ulleksa [173]3 years ago
4 0

Answer:

Lakeland Chemical

Equivalent Units of Direct Materials total 82,000 units.

Explanation:

1. Calculations:

Beginning Work in process Inventory = 15,200 (100% complete)

Direct materials started in May =           66,800 (100% complete)

Equivalent units of direct materials =    82,000 units

2. The equivalent units of direct materials is the sum of equivalent unit of beginning inventory and the units added during the period.

3. The equivalent cost of the direct materials is the sum of the equivalent costs of beginning and the costs of units added during the period.

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Suppose the state of Florida passes a law that increases the tax on alcoholic beverages. As a result, resi-dents in Florida star
Volgvan

Answer:

Residents (people's) reaction to Incentives

Explanation:

An incentive represents something, an action or a law that causes people to act or change their behaviour about something at a particular time. Basically, incentives work by making rewards available to individuals who change their behaviour on a targeted issue.

Usually, since people rationally compare the costs and benefits of their actions, incentives gives them the opportunity to raise their perception of this costs and benefits and also induces them to respond.

Florida increases the tax on alcoholic beverages, the people still see the benefits of taking alcohol but not at the increased, the reaction therefore, is to purchase in surrounding states where they are still cheaper without a tax increase.

It should be noted from the Florida example that the reaction of people to incentives can both be negative and positive. This example shows a negative response as a result of raised costs when compared with benefits.

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4 years ago
If the price of pepsi-cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 c
rosijanka [135]
This type of demand is classified as autonomous demand. Autonomous demand does not depend on other products but is due to increase in consumer usage by natural desire. This type of demand is relative to the needs of the consumer.
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3 years ago
On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have a
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Answer:

required purchase             83,500

Explanation:

The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.

cost of inventory sales for July:

           70,000 x (1 - 45%) =  38,500

desired ending inventory   105,000

beginning inventory        <u>    (60,000)   </u>

  required purchase             83,500

4 0
4 years ago
The stock price of Atlantis Corp. is $43 today. The risk-free rate of return is 10%, and Atlantis Corp. pays no dividends. A cal
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Answer:

correct option is  a. $.05

Explanation:

given data

stock price S = $43

rate of return r= 10%

exercise price K = $40

time = 6 month

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solution

we will apply here formula for worth that is  

P = C - S + K × e^{-rt}

here C is given worth 5 and S is stock price and K is exercise price and t is time and r is rate

so put here all value in equation 1 we get

P = C - S + K × e^{-rt}

P = 5 - 43 + 40 × e^{-0.1*6/12}

P = 5 - 43 + 38.05

P = 0.05

so here correct option is  a. $.05

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Proximity, convenience, and the lack of alternatives are all factors that can cause unhappy customers to return (and perhaps improve their opinion). However, competition is much fiercer when it comes to e-commerce

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