1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Luden [163]
3 years ago
11

The equivalent units in beginning work in process inventory plus the equivalent units in ending work in process inventory equals

the units transferred out plus the equivalent units for the work done during the period. True or false?
Business
1 answer:
vivado [14]3 years ago
8 0

Answer:

False

Explanation:

The formula for equivalent units units as follows:

Opening Work in Process + Equivalent units on which the work is done - Closing Work in process = Units Transferred

Therefore, ideally,

Opening work in process - Closing work in process = Units transferred - Equivalent units on which work is done.

As adding all the cost incurred during the period to opening inventory of work in process, we get the total cost for the period, thereafter, deducting the cost allocated to closing work in process we get the value of goods produced and transferred.

<u>Therefore, above statement is false.</u>

You might be interested in
January 1, 2021, Smith Co. purchased common stock of North Company for $500,000. North Company has common stock outstanding of $
wel

Answer:

Fair Value adjustment $5,000 Dr.

Unrealized holding gain-net income $5,000 Cr.

Explanation:

Common stock purchase price = $500,000

North company outstanding stock = $10,000,000

5% stock of outstanding stock purchased :

(5/100) * $10,000,000

0.05 * 10,000,000

= $500,000

Fair value of investment = $505,000

Adjustment in fair value = $505,000 - $500,000 = $5000 ( Debit)

Unrealized holding gain-net income = $505,000 - $500,000 ( Credit)

6 0
3 years ago
Your company wants to develop intelligent techniques to create a "smart" oven that can perfectly cook basic foodstuffs, such as
Semmy [17]

Answer:

D) fuzzy logic

Explanation:

Based on the information provided within the question it can be said that the category of intelligent technique that is being described is called fuzzy logic. This refers to a system which deals with true or false statements as well as in between statements in order to follow specific instructions. Which would be the case in this scenario as the oven analyzes the food in order to detect the rarity of the food and decide which pre-defined instruction to follow next, even if the rarity is between two categories such as medium rare and rare.

8 0
4 years ago
Joe owned a small repair shop. Each day, he would check the mail to see if any of his customers mailed in a payment for the work
Elza [17]

The answer is<u> "variable interval.</u>


In operant conditioning, a variable-interval schedule is a schedule of reinforcement where a reaction is remunerated after a capricious measure of time has passed. This timetable creates a moderate, unfaltering rate of reaction.  

To see how a variable-interval schedule functions, we should begin by investigating the term itself. Schedule alludes to the rate of support conveyance, or how much of the time the fortification is given. Variable demonstrates that this planning isn't reliable and may fluctuate starting with one preliminary then onto the next. At last, interim implies that conveyance is controlled by time. In this way, a variable-interval schedule implies that support is conveyed at different and erratic intervals of time.

5 0
3 years ago
Sheridan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. In completing the engag
Brrunno [24]

Answer:

The $5,680 expense should the firm deduct from revenues in the month when it recognizes the revenue.

Explanation:

According to the matching accounting principles, the expenses and revenues should be recorded in that period in which they are incurred and earned.

In the question, the Sheridan pays $2,590 in April, and $3,090 in may but it incurred in April

So, the total amount would be $2,590 + $3,090 = $5,680 should be recorded on April month only.

8 0
3 years ago
Hunter offers financial counseling and management on a fee-only basis. She has found that different customers are willing to pay
Kay [80]

There are different ways to handle issues relating to customers. This shows that her pricing decisions should depend primarily on how different customers perceive the value of her services.

<h3>How do customers see value? </h3>
  • Customer are known to often perceived value as a marketing word that implies to the way a consumer sees a product.

Customer see value as a fact that each customer look into their purchases to know if they meet their wants or needs and later compare that study to the price they are paying.

By known how different customers perceive the value of her services, Hunter can handle some key issue in his business.

Learn more about Customers services from

brainly.com/question/1286522

6 0
3 years ago
Other questions:
  • PLEASE HELP!!!
    11·2 answers
  • A marketing company wants to estimate the proportion of consumers in a certain region of the country who would react favorably t
    13·1 answer
  • When samantha went into the furniture store to buy a new sleeper sofa, she thought the prices quoted by the salesperson were too
    6·1 answer
  • Which type of brand message is exemplified by negative posts on a company's facebook page?
    15·1 answer
  • What is the definition of a retirement saving plan offered by a corporation to its employee
    6·1 answer
  • In order for a loss on the disposal of a discontinued operation to be classified on the income statement as a discontinued opera
    8·1 answer
  • Capital budgeting involves​ ________. A. analyzing various alternatives of financing available to a company B. evaluating variou
    11·1 answer
  • Opportunity cost __. A) is always the value of the next best forgone opportunity B) can only be measured as a paid cost C) does
    9·1 answer
  • 50 POINTS!! :) The graph shows the marginal cost of producing soccer cleats for Sabrina’s Soccer.
    13·2 answers
  • allen is recording payroll that was processed outside. which quickbooks function would be most useful?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!