Answer:
Explanation:
given,
Mean,μ= 35mm
Standard Deviation,σ = 0.5mm
Sample size, n = 36
Sample Standard deviation =
= 
= 0.0833
The interested diameter is between 34.95 to 35.18 mm
Calculating the Z score of the for the diameter mentioned.
now, Form Z-table
Subtracting the value
= 0.9846 - 0.2741
= 0.71
Hence, the required probability is that the diameter of bearing is in between 34.95 and 35.18 mm is equal to 0.71.
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Answer:
FIFO
FIFO means First in First Out. This method values cost of sales at the earliest prices
Cost of Goods Sold = (3,880 units × $8) + (5,430 units × $10)
= $85,340
LIFO
LIFO means Last in Fist Out. This method values cost of sales at the latest prices.
Cost of Goods Sold = (8,660 units × $10) + (650 units × $8)
= $91,800
Weighted Average Cost
The unit cost is re-calculated with every new purchase of units made. The cost of sale will be valued on the newly calculated average unit cost.
Unit Cost = Total Cost ÷ Total Units
= (3,880 units × $8) + (8,660 units × $10) / 12,540 units
= $9.381
Cost of Goods Sold = Units Sold × Unit Cost
= 9,310 units × $9.381
= $ 87,337.11
Answer:
$360,000
Explanation:
The computation of the recognition of depletion expense is shown below:-
The balance of $2,400,000 will be capitalized as an intangible asset at the time of acquisition of Oil rights. The reduction in value of this right would be expensed per year at a rate of $12 per barrel and the intangible value of the commodity would be decreased to the same degree.
The depletion or reduction in asset value = Extracted Barrels × Rate per Barrel
= 30,000 × $12
= $360,000
Answer:
14,100 Units
Explanation:
<u>Calculation of Units completed in June:</u>
Units completed in June = WIP Beginning inventory + Units transferred in – WIP Ending inventory
Units completed in June = 3,900 units + 13,300 units - 3,100 units
Units completed in June = 14,100 Units
