1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gizmo_the_mogwai [7]
3 years ago
13

The Chart Company has a process costing system. All materials are added when the process is first begun. At the beginning of Sep

tember, there were no units of product in process. During September 50,000 units were started; 5,000 of these were still in process at the end of September and were 3/5 finished. The equivalent units for the conversion costs in September were_______________.
a. 40,000.
b. 45,000.
c. 48,000.
d. 50,000
Business
1 answer:
Strike441 [17]3 years ago
6 0

Answer:

c) 48,000

Explanation:

<em>Equivalent Units</em>

To apportion cost between work in progress and completed units in a particular period, we use equivalent units. Equivalents units  are notional whole units which represent incomplete work and are used to apportion cost between completed units and work in progress

<em>Equivalent Units = Degree of Completion × Units of products</em>

<em />

<em>Item                                        units          workings                 E.U</em>

Finished products          45,000        100% × 45,000 =     45,000

Closing WIP                      5000             3/5 ×  5000    =       3,000

                          Total equivalent unit                               48,000

Equivalent unit for the conversion cost= 45000 +3000= 48,000

You might be interested in
When carter first moved into his neighborhood, he noticed hundreds of frogs on the roads after a rain storm. lately, carter has
Andrei [34K]
<span>a drought has impacted the population size of the frogs.
I just did this test</span>
8 0
3 years ago
Read 2 more answers
Sloan Transmissions, Inc., has the following estimates for its new gear assembly project: price = $2,900 per unit; variable cost
Sloan [31]

Answer:

in its best case scenario:

selling price = $2,900 + 15% = $3,335 per unit

variable costs = $580 - 15% = $493 per unit

fixed costs = $5.2 million - 15% = $4.42 million

quantity = 88,000 + 15%  = 101,200 units

estimated profits in best case scenario = $337,502,000 - $49,891,600 - $4,420,000 = $283,190,400

in its worst case scenario:

selling price = $2,900 - 15% = $2,465 per unit

variable costs = $580 + 15% = $667 per unit

fixed costs = $5.2 million + 15% = $5.98 million

quantity = 88,000 - 15%  = 74,800 units

estimated profits in best case scenario = $184,382,000 - $49,891,600 - $5,980,000 = $128,510,400

The firm is still profitable because the contribution margin is huge even in the worst case scenario. In he best case scenario the break even point is 1,556 units, while the break even point in the worst case scenario is 3,326 units. It's a very low break even point considering total expected sales.

5 0
3 years ago
During a meeting, Tammy, a branch manager for USA Bank, pointed to the corporate organization chart on the wall. Tammy remarked
Sophie [7]

Answer:

Line Managers; Staff Personnel

Explanation:

During a meeting, Tammy, a branch manager for USA Bank, pointed to the corporate organization chart on the wall. Tammy remarked that "These people provide advice, recommendations, and research for us, and they are indicated with a dotted line. Laura (our CEO) and the vice presidents of our organization are up here, indicated on the organization chart by a solid line vertical line." Line Managers are indicated on the organization chart by a solid line __, and Staff Personnel are indicated by a dotted line.

4 0
3 years ago
Kim runs a restaurant. She expects her employees to deliver excellent customer service. As a result, the employees often feel pr
Harrizon [31]

Answer:

C) The authority-compliance style

Explanation:

Kim as well as other managers that follow the authority-compliance style believe that their subordinates are not important members of the organization. What matters is profits, and the higher the better, the needs of the employees are secondary.

This style focuses on exact work rules, arrangements, systems and discipline as a means to succeed. In the short run this leadership style can yield good results, improving employees' performance, but on the long run it doesn't work well, and all the benefits obtained at the beginning fade away.

5 0
3 years ago
A piece rate worker is paid
OleMash [197]

Answer:

nothin

Explanation:

They don't work hard enough

oh no

our table

it's broken!!!!!!

7 0
2 years ago
Other questions:
  • If a company makes three entries into the cash receipts journal for cash received from customers paying on account of $500, $750
    10·2 answers
  • Which of the following actions would improve your credit score?
    12·2 answers
  • The best place to search for scholarship opportunities on a college website is on the _____ pages.
    15·2 answers
  • Which of the following is NOT a reason individuals typically choose to save? 1. to smooth their consumption over the life cycle
    13·1 answer
  • Transactions for the Swifty Company, which provides welding services, for the month of June are presented below. June 1Swifty in
    9·1 answer
  • Which one of these statements is correct? Multiple Choice All allocated costs should be included in the initial cost of a projec
    8·1 answer
  • A test is scheduled for Monday morning, but you went to a party on Saturday night. If you hadn't attended the party, you could h
    6·1 answer
  • Emann Systems is considering a project that has a cash flow as: (1,000), 450, 450, 450 for the years 0, 1, 2, 3 respectively. If
    8·1 answer
  • Portman Industries just paid a dividend of $2.16 per share. The company expects the coming year to be very profitable, and its d
    12·1 answer
  • A monetary stimulus is designed to shift the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!