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4 years ago

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Which is not something found in a budget? A. the amount of money you saved last week B. the amount of money you earned babysitti

ng. C. the amount of of money you spent on a gift D. the amount of money you spent on a new bat

1 answer:

jek_recluse [69]4 years ago

4 0

Your answer will be either A or B hope this helps.

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In the month of June, a department had 10,000 units in beginning work in process that were 70% complete. During June, 40,000 uni

butalik [34]

Answer:

Cost per material= $9

Cost per conversion = $8.51 unit

Explanation:

We would assume the company uses weighted average method of valuation.

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Cost per Equivalent unit= Total cost / Equivalent unit

Completed units = transferred in + opening inventory -closing inventory

= 40,000 + 10,000 - 5,000 =45,000 units

Equivalent unit of material = (100%× 45,000) + (100%× 5000)= 50,000

Cost per material = $450,000/50,000= $9

Equivalent unit of Conversion cost =(100%× 45,000) + (40%× 5000)= 47,000

Cost per conversion cost = $400,000/ 47,000 units

= $8.51 unit

Cost per material= $9

Cost per conversion = $8.51 unit

6 0

3 years ago

Eastview Company uses a perpetual LIFO inventory system, and has the following purchases and sales:

Rom4ik [11]

Answer:

The value of cost of goods sold is $2,730 as shown below

Explanation:

The sale of 120 units made on January 17 is valued at $1,080 (120*$9) taking from stock purchased last on January 1

The sale of 160 units on January 29 is valued at $1,650 (150 units*$11) taking the items purchased last on January 20

The cost of goods sold =$1,080+$1,650

Cost of goods sold=$2,730

The value of closing inventory=30*$9+10*$11

=$270+$110

=$380

Hence value of costs of good sold is $2,730 while closing inventory is valued at $380

7 0

3 years ago

A company had net income of $50,000 under variable costing. Beginning and ending inventories were 400 units and 500 units, respe

AleksAgata [21]

Answer:

$52,000

Explanation:

Net income under variable costing considers only variable cost, while net income under absorption costing considers both variable and fixed cost. Therefore, we have:

Total beginning fixed overhead = 400 × $10 = $4,000

Total ending fixed overhead = 500 × $12 =$6,000

Fixed overhead for the period = $6,000 - $4,000 = $2,000

Net income under absorption costing = $50,000 + $2,000 = $52,000

7 0

3 years ago

A profit-maximizing firm in a competitive market that is producing on a production curve where the marginal product of labor is

Dafna1 [17]

Answer: A. a downward-sloping labor demand curve.

Explanation:

The labor demand curve is plotted with the quantity of labor demanded vs the real wages paid to labor. In a firm that is producing in a market with a diminishing marginal product of labor, the demand curve will be downward sloping to reflect that the more labor that a company has, the less it pays them.

This is because the extra labor is bringing in less additional revenue and so will need to be paid accordingly to reflect that as more labor is hired, the output decreases.

8 0

3 years ago

What is the term for the "process of determining the specific tasks to be performed, the methods used in performing these tasks,

navik [9.2K]

Answer:

Job design

Explanation:

Job design is one of the basic functions of human resources management. It is so important because a good job design can help to convince highly skilled or talented workers to join a company. Not only do individuals look for jobs, companies need the best possible candidates. A good job design also increases productivity and overall profits.

3 0

3 years ago