Answer: $44,000
Explanation:
Equivalent units for materials in this scenario would be:
= Units completed and transferred out + Normal spoilage + Ending work in process
= 33,000 + 3,000 + 8,000
= $44,000
Answer: (d.)The bakery faces a flat demand curve.
Explanation:
The bakery faces a flat demand curve because a firm in a perfectly competitive market is a price taker and the demand curve for a firm is equal to the price the supply curve is a part of Marginal cost above Average variable cost , so the supply curve is upward sloping
. The bakery is in the perfectly competitive market so it can earn positive, negative or zero economic profit in the short run and zero economic profit in the long run.
Answer:
True true false False true false I'm not sure this is correct
Explanation:
Answer:
$480,000
Explanation:
The computation of the total manufacturing costs for Job No. 305 is shown below:
= Direct material cost + direct labor cost + manufacturing overhead cost
where,
Direct material cost = $180,000
Direct labor cost is
= $200,000 ÷ 200% × 100%
= $100,000
And, the manufacturing overhead cost is $200,000
So, the total manufacturing overhead is
= $180,000 + $100,000 + $200,000
= $480,000
