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Masteriza [31]
3 years ago
6

The Filling Department of Eve Cosmetics Company had 3,900 ounces in beginning work in process inventory (90% complete). During t

he period, 64,600 ounces were completed. The ending work in process inventory was 3,200 ounces (80% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process
Business
2 answers:
madam [21]3 years ago
8 0

Answer:

67,800 ounces

Explanation:

The amount of units produced by the manufacturer in a period is called equivalent units of production. It is calculated for the unit under process. We use the percentage of completion to calculate this. It includes the completed units and partially completed units.

In respect of Material

Units completed = 64,600 ounces

Partially completed = 3,200 (80% completed)

Equivalent Units  = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Because the material is added at the beginning so all the units are considered as Equivalent units

Equivalent Units  = 64,600 + 3,200= 67,800 ounces

WARRIOR [948]3 years ago
6 0

Answer:

The total equivalent units for direct materials if materials are added at the beginning of the process =

63,900

Explanation:

Since the direct materials are added at the beginning of the process, it simply means they are 100% complete

• Units started and completed=

(64,600-3,900) * 100%

= 60,700 * 100%

= 60,700

• Ending work in progress =

3,200 * 100%

= 3,200

Total equivalent units for direct materials if the materials are added at the beginning of the process=

60,700 + 3200

= 63,900

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If the government owes $10.0 trillion and then borrows $700 billion more this year, this leads toa. a debt of $700 billion and a
77julia77 [94]

Answer:

E:  a debt of $10.7 trillion and a deficit of zero.

Explanation:

Deficits are usually financed by debt. Here the government has incurred an extra debt of $700 billion. The previous debt of $10 trillion may have been due to any reason and not necessarily deficit. However, the passage does not state if the extra debt is due to deficit or not. So it is safe to select option E.

Hence, the government has incurred a total debt of $10.7 trillion and a deficit of zero.

7 0
3 years ago
On January 1, 2018, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cos
Licemer1 [7]

Answer:

Pension Expense = EBE = $593440 for income statement

Explanation:

The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.

                                                                 DBO                plan asset       EBE

opening balance                                   (600000)            832000             -

interest                                                   ( 60000)              66560            6560

current year's service cost                    (600000)                               (600000)

                                                            (  1260000 )            898560      <u> 593440</u>

 balance sheet liability = 361440

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6 0
3 years ago
A U.S. firm has sold an Italian firm €1,000,000 worth of product. In one year the U.S. firm gets paid. To hedge, the U.S. firm b
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The equivalent units in beginning work in process inventory plus the equivalent units in ending work in process inventory equals
vivado [14]

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,

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8 0
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