Answer and Explanation:
The computation of the equivalent units of production for both material and the conversion cost is shown below:
Particulars Materials Conversion costs
Unit transferred out 9,700 9,700
Add:
Ending work in process 8,300 3,818
(8300 × 100%) (8,300 × 46%)
Total equivalent unit 18,000 13,518
Answer:
D. maintenance
Explanation:
The stages of career development according to Donald Super are divided into 5; the first is the growth stage, the second is exploration stage, the third is establishment and the fourth is the maintenance stage and the fifth is the disengagement stage
In the maintenance stage, the age range is from 45 - 59 years. Such employees are holding on in their chosen profession, the are also updating their skills in that profession (the employee's class to learn how to program the next generation of programmable logic controllers)
Employees in the area of technology in the maintenance stage especially feel like abreast happenings, innovation and development so this pushes them to further develop themselves.
<u>Calculation of cost of goods sold under a periodic system:</u>
It is given that the beginning inventory is $100,000, cost of goods purchased is $500,000, and ending inventory is $130,000. The cost of goods sold can be calculated as follows:
Cost of Goods Sold = Beginning inventory + Cost of goods purchased- Ending inventory
= 100,000 + 500,000 – 130,000
= $470,000
Hence, the cost of goods sold is<u> $470,000</u>
Answer: If the government sets a price floor of $5 per bushel, Say 1000 bushels of corn are produced, of which 300 bushels are purchased by consumers, and 700 bushels by the government. The program costs the government $3500. Farmers receive $5000 in total revenue.
Explanation: A price floor is a legitimate minimum value that the government sets on a product in the market, usually to protect the suppliers/farmers. Using the ballpark values as in the answer, to estimate and explain the concept of a price floor:
Say total quantity produced is 1000 bushels of corn from which the Market demands 300 bushels. Given that the government has set a price floor at $5 per bushel; then the Government has to buy the surplus bushels of corn in the market from the farmers.
Surplus bushels = Quantity produced – Quantity purchased
1000 bushels – 300 bushels = 700 surplus bushels of corn to be purchased at $5 each by the government
Therefore: It would cost the government (700 bushels x $5 =) $3,500 to mop up the surplus in the market and pay the farmers. The 300 bushels purchased by consumers would yield (300 x $5 =) $1,500 in earnings for the farmers. Total earning by the farmers = $3500 (from the government) and $1500 from consumers) = $5000.
I hope this helps to understand the concept of price floors.
Answer:
It is choosing goals and deciding how to achieve them (D)
Explanation:
As part of the planning process, managerial accountant guides management during goals and objectives formulation for the organization .
Management accounting provides past, futuristic and external information that can help management make informed planning and decision as regard setting various organizational goals and objectives including financial, operational ,strategic,market goal etc a
