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svp [43]
3 years ago
5

If Department H had 500 units, 60% completed, in process at the beginning of the period, 6,000 units were completed during the p

eriod, and 600 units were 30% completed at the end of the period, what was the number of equivalent units of production for the period if the first-in, first-out method is used to cost inventories? (Don't forget to calculate "started and completed". That would be 5,500 units because it is the transferred out of 6,000 minus beginning inventory of 500.)
Business
1 answer:
andrezito [222]3 years ago
6 0

Answer:

5,880

Explanation:

The computation of number of equivalent units of production is shown below:-

Completed units = 6,000 × 100%

= 6,000

Ending units = 600 × 30%

= 180

Total = Completed units + Ending units

= 6,000 + 180

= 6,180

Beginning units = 500 × 60%

= 300

So, Number of equivalent units of production = Total - Beginning units

= 6,180 - 300

= 5,880

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Approximately what percentage of the jobs in the united states do small businesses provide?
Alchen [17]
Small business in the US provides 64% of new private-sector jobs,  49.2% of private sector employment and 46% of private-sector output. It can be seen clearly from this that small business is a major contributor to employment and output in the US.
7 0
3 years ago
The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak
Gnoma [55]

Answer:

b) assessment lien.

Explanation:

In this scenario, The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak Street a proportional cost of the new water main. If a property owner refuses to pay their proportional share of the cost, the city may file assessment lien.

Assessment lien can be defined as a hold or a legal claim on a property being owed by another, while benefiting from an improvement or modification made and shall be deducted from the client for the improvements made by a municipal owner.

3 0
3 years ago
Sarasota Company has a factory machine with a book value of $86,300 and a remaining useful life of 7 years. It can be sold for $
RUDIKE [14]

Answer:

See the explanation for answer

Explanation:

Analysis showing whether the old machine should be retained or replaced is as prepared below:

                                                     Retain        Replace            Net Income

                                              Equipment     Equipment      Increase(Decrease)                            

Variable manufacturing costs 43,63,100 32,32,600 11,30,500

New machine costs                     0    3,59,000 -3,59,000

Sell old machine                             0          -33,500          33,500

Total                                       43,63,100   35,58,100   8,05,000

The old factory machine should be replaced as there is increase in net income by 805,000 when old machine is replaced.

4 0
3 years ago
has a standard of 2 direct labor hours per unit. The standard wage rate of each worker is $32.50 per hour. In July, the company
ikadub [295]

Answer:

$130 Favourable

Explanation:

Given the above information,

Standard hours = 2 × 4770 = 9,540

Actual hours = 8,940

Standard rate = $32.50

Then, Direct labor efficiency variance is computed as

= ( Standard hours allowed for production - Actual hours taken) × Standard rate per direct labor hour

= [(2 × 4,770) - 8,940] × $32.50

= [9,540 - 8,940] × $32.50

= 600 × $32.50

= $130 Favourable

6 0
2 years ago
A sole proprietor has ______ personal liability for all business debts and obligations.
andreev551 [17]

A sole proprietor has unlimited personal liability for all business debts and obligations.

<h3>Who is a sole proprietor?</h3>

A sole proprietor is the owner of a sole proprietorship. A sole proprietorship is a type of business that is owned by one person.

A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.

To learn more about  sole proprietorship , please check: brainly.com/question/1428023

#SPJ1

4 0
1 year ago
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