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Sati [7]
3 years ago
6

A process with completed and transferred out 28,000 units during a period and had 14,000 units in the ending work in process tha

t were 50% complete. How much is equivalent units of production for the period for conversion costs
Business
1 answer:
mestny [16]3 years ago
8 0

Answer:

35,000 equivalent units

Explanation:

Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.

To compute as

Equivalent Units = Degree of completion (%) × units

Items          Units            Workings                 E.U

Completed   28,000     28,000× 100%        28,000

Closing WIP     14,000     14,000 × 50%         7,000

Total equivalent units                                   35000

The total equivalents for conversion cost

= 28,000 + 7,000

= 35,000

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In a sales mix condition at any level of units vended the net income will be higher if more higher contribution margin units are sold than lower contribution margin units. The sales mix is the comparative proportion in which a company vends its multiple goods. In addition, the contribution margin ratio is contribution margin separated by sales.
7 0
3 years ago
g Money is best defined as whatever serves society in three functions: medium of exchange, store of value, and unit of account.
worty [1.4K]

Money is best defined as whatever serves society in three functions: medium of exchange, store of value, and unit of account.

Barter is best defined as a situation where two individuals each want some or service that the other can provide.

A double coincidence of wants is a situation where two individuals each want some or service that the other can provide.

<h3>What is money?</h3>

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<h3>What are the functions of money?</h3>
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<h3>What is barter?</h3>

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7 0
2 years ago
Which of these outcomes become more likely for someone with strong personal finance skills? Check all that apply.
expeople1 [14]
There were no choices.

However, to give some points on people with strong finance skills can manage a financial standing. 

They would probably know when to spend or not depending on the cash, savings or earnings that they have. They can have estimations whether they are financially capable of every purchase.  One other thing is they know the difference between a want and a need so they are focused on the needs which are priorities. 
6 0
3 years ago
"Net income for the period was $200,000. The retained earnings account had a beginning balance of $25,000. If the company paid d
solmaris [256]

Answer:

Retained earning balance at the end would be = $205,000

Explanation:

Retained earnings at the end = Retained earning at the beginning + Net income - Dividend paid

The net income would increase the balance of the retained earnings hence it is added to it.

The Dividend paid would be a cash outflow which would reduce the balance of the retained earnings, hence it is deducted from it.

So applying this to the question, we have

Retained earning balance at the end would be:

25,000 + 200,000 - 20,000 = $205,000

Retained earning balance at the end would be = $205,000

3 0
3 years ago
Liz meija is employed as a social worker in a host setting. she is most likely employed in a(n) ______.
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