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8090 [49]
3 years ago
13

PB4.

Business
1 answer:
harkovskaia [24]3 years ago
4 0

Answer:

The process cost summary is given below.

A-Total Material Cost                  = $22,500

B-Total Conversion costs           = $95,625 (45,625+50,000)

C-Units transferred out              = 40,000

D-Ending Inventory                    = 10,000

E-Equivalent units of material  =  45,000

F-Equivalent units of conversion costs  = 42,500

G-Equivalent cost per unit of material = $0.5 (A/E)

H-Equivalent cost per unit of conversion costs = $ 2.25 (B/F)

I-Equivalent cost per unit = $2.75 (G+H)

J-Cost of inventory transferred = $ 110,000 (I*C)

K-Cost Of Ending Inventory = $ 8,125 (H*(F-C) + (5000*0.5))

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Both goods are originally labor intensive, so we can conclude that the country has a lot of labor resources, while their capital resources should be rather limited. Since the world price of good X increases compared to the price of good Y, then the country will export larger amounts of good X since its price is relatively higher.

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2 years ago
On December 31, Strike Company sold one of its batting cages for $20,000. The equipment had an initial cost of $310,000 and had
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Answer:

d.loss of $30,000

Explanation:

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loss of $ 30,000.00

8 0
3 years ago
Which of the following is true about investors who buy preferred stock?
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If payments were made at the rate of $1183 per second, how many years would it take to pay off the debt, assuming that no intere
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Answer: 402 years

Explanation:

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Time taken to pay off = 15,000,000,000,000/1,183

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