Answer:
11,600 units
Explanation:
Equivalent units for conversion costs :
Equivalent units = 10,000 x 100 % + 4,000 x 40 % = 11,600
The equivalent units for February for conversion costs were: 11,600 units
Answer:
Research and development expense is $679,000.
Explanation:
Creation of a new type of personal computer monitor is an internally generated intangible asset.
The Costs directly incurred in developing an internally generated intangible asset are all expensed until the intangible asset is technically physiable for operation.
Research and Development costs are thus expensed.
<u>Calculation of Research and Development Cost</u>
Salaries $240,000
Depreciation on R&D facilities and equipment $135,000
Utilities and other direct costs incurred for the R&D facilities $ 68,000
Patent filing and related legal costs $24,000
Payment to another company for development work $130,000
Costs of adapting the new monitor $82,000
Total $679,000
Conclusion :
Research and development expense is $679,000.
Answer:
The legislature's action is an example of: Revoking common law by new statutory law
Explanation:
First of all, we need to understand what is the difference between a common-law and statutory law.
<u>Common-law: </u>This is based on decisions made previously at court, they have judicial precedent, so when there are similar cases the judges base their decision on these precedents.
<u>Statutory law:</u> This is a formal type of law, given it passed the house of parliament or Congress. The statutory laws are written and they regulate the behavior of citizens. There are many examples of statutory laws: tax laws, traffic regulations, etc.
According to the definitions above, the statutory law is stronger than a common law because the statutory law can modify the common law, just as in the provided example:<em> The legislature, following the court ruling, passes a statute saying hair color is not covered by anti-discrimination laws.</em>
Despite the common law is based on prior decisions taken at court (precedents), these are not approved by the parliament or congress, unlike the statutory law.
Answer:
Option D.
Explanation:
A rule for maximizing utility is that if an individual wants to maximize total utility, for every dollar that is spent, he/she should spend it on the commodity that yields the greatest marginal utility per dollar of expenditure.
In the scenario presented above, we can see that the marginal utilities per dollar for both commodities that Jane consumes are equal, therefore she can neither increase or decrease spending on any particular commodity in order to increase or decrease its marginal utility, this is because she gets an equal amount of marginal utility from both commodities.
Therefore, with the same amount of money, Jane cannot increase utility.