Type the correct answer in the box. Spell all words correctly.

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

sukhopar [10]

Answer:

$10,500 units

Explanation:

Calculation of equivalent units of production for conversion cost

First step is to find the Units started and completed during the period using this formula

Units started and completed during the period = Units transferred to the next processing department- Beginning inventory in the mixing department units

Let plug in the formula

Units started and completed during the period = = 12,000 - 6,000

Units started and completed during the period = = 6,000

Second step is to find the Equivalent units of production

Equivalent units of production=6,000 * 25% + 6,000*100% + 5,000*60%

Equivalent units of production=1,500+6,000+3,000

Equivalent units of production=10,500 units

Therefore the equivalent units of production for conversion cost will be $10,500 units

4 0

3 years ago

A desire result which may be attained in less than one year

Elodia [21]

Long-term goal
Hope this helps

5 0

3 years ago

Case company allocates $5 overhead to each unit produced. the company uses a plantwide overhead rate with machine hours as the a

posledela

Let Department 2 Machine hours Be x, and using the equation below.

Find ATQ :

5= (440000 + 245000) / (74000 + x)

=> 370000 + 5x = 685000

=>x = 63000

Therefore, there are 63,000 machine hours that the company expects in Department 2.

6 0

3 years ago

If the Federal Reserve wants to lower the interest rate to 4 percent, it must _____ the money supply to _____.

d1i1m1o1n [39]

If the Federal Reserve wants to lower the interest rate to 4 percent, it must increase the money supply to lower interest rates.

<h3>Why the federal reserve wants to prevent a recession?</h3>

If the federal reserve wants to prevent a recession which means an economic condition when GDP falls or economy faces a low or negative economic growth.

Thus, first of all aggregate demand should increased to boost up the economy and money supply should increase to lower the interest rate then business will take more loans at lower rate and invest more in production to meet up the aggregate demand and increasing employment opportunities.

Learn more about federal reserve, refer to the link:

brainly.com/question/17097530

#SPJ1

4 0

2 years ago

hich of the statements is TRUE? Patents give inventors exclusive rights to sell a product for an unlimited period of time. Copyr

Andrew [12]

Answer:

Patents allow inventors to exclusively sell a product for a specific period of time. Copyrights are legal protections that protect a product from being copied by others for a specific period of time

Explanation:

Patents are a right granted to an inventor to exclusively sell a product for a specific period of time usually for 20 years. During this period, others are prevented from making, using, or selling the invention.

Types of patents include :

utility patents
design patents
plant patent

Copyright gives the inventor of a product and anyone they give the permission to the right to reproduce the product.

3 0

3 years ago