With continuous interest,
where
F=future value
P=principal = 1000
r=rate=5%
t=time=3 years
Answer: The accumulated amount after three years is
$1161.83
Answer:
$35,400
Explanation:
The total cost is the sum of the direct and indirect costs. The direct cost is made up of the direct material and direct labour costs. The indirect cost or overheads is a cost to be apportioned based on the estimated total for the year and the units produced during the period
Total direct cost for January = 600 ($20 + $30)
= $30,000
Total indirect cost for January = 600/6000 * $54,000
= $5,400
The total cost of the units made in January was
= $30,000 + $5,400
= $35,400
Answer:
Value of ending inventory on May 15 after sale = $272
Explanation:
The periodic nventory methods calculating inventory through a physical count at the end of the period.
Under FIFO method, the inventory that is purchased first is the one that is sold first. Thus, a sale of 30 units on May 15 will be made from:
Cost of sales:
17 units at $ 11 = 187
11 units at $ 16 = 176
Remaining units = 30 - (17+11) = 2
The 2 units will be taken from units purchased on May 12.
The ending inventory, thus, will be 18 - 2 = 16units at $17 per unit
Value of ending inventory on May 15 after sale = 16 * 17 = $272
Answer:
rational expectations theory
Explanation:
Rational expectations theory is the tendency of people to behave in a rational manner when presented with economic decisions. It is a widely used theory in economics.
It's states that decisions are made primarily on the basis of information available to them, human rationality and past experience.
So when market participants immediately change their actions in response to anticipated price-level changes such that no changes in real output occur, they are acting according to the rational expectations theory
Answer:
The total number of equivalent units for materials during the period is $55,000
Explanation:
The computation of the total number of equivalent units for materials during the period is shown below:
= Completed and transferred out units + ending work in progress units
= 50,000 units + 5,000 units
= 55,000 units
We simply added the Completed and transferred out units and the ending work in progress units to compute the equivalent units for materials
