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
Wewaii [24]
3 years ago
12

Stock Company has 2,000 units in beginning work in process inventory, 20% complete as to conversion costs, 23,000 units transfer

red out to finished goods, and 3,000 units in ending work in process 33 1/3% complete as to conversion costs. The beginning and ending inventory is fully complete as to materials costs.
Equivalent units for materials and conversion units are:

A. 26,000, 26,000.

B. 26,000, 24,000.

C. 22,000, 24,000.

D. 24,000, 26,000.
Business
1 answer:
ss7ja [257]3 years ago
3 0

Answer:

B. 26,000, 24,000.

Explanation:

Stock Company

Equivalent units

Particulars                 Units       % of Completion           Equivalent Units

                                                   Mat. Conversion          Mat.  Conversion

Transferred Out      23000         100         100           23000      23000

<u>Ending WIP              3000            100       331/3%       3000        999.9= 1000</u>

<u>Total Equivalent units                                                  26000        24000</u>

<u />

The Equivalent units can be calculated either by adding the units transferred out and ending WIP or by adding beginning WIP and units started.

Equivalent units for materials 26000

and Equivalent units for conversion are: 24000

You might be interested in
This is a growth strategy with a goal to take customers away from competitors.
vitfil [10]

Answer:

market penetration

Explanation:

As market is already created but the share of the company needs to be higher.

8 0
3 years ago
Industrialized former colonial states that dominate the world economic system are?
Verizon [17]
Industrialized former colonial states that dominate the world economic system: Core Countries
5 0
1 year ago
Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becom
yan [13]

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, computation of the given data are as follows:

Allowance method shows that, if account is written off, then Accounts receivable account gets credited and Allowance accounts gets debited.

Here, both accounts are or balance sheet items.

So, it will not affect any expenses account.

8 0
3 years ago
Moral hazard is a barrier to financing global growth because:_______
icang [17]

Answer:

<u>c. there is the possibility that the funds are used for riskier behavior than the lender agreed to.</u>

Explanation:

True. The term "Moral Hazard" as used in an investment context, often refers to a scenario where one party with a <em>lesser risk burden</em> in a business agreement, <u>deliberately </u>takes investment risk that would be detrimental to others in the agreement who have a higher risk burden.

It is an unethical business practice; a moral hazard, and so acts as a barrier to investors who may want to finance global growth.

8 0
3 years ago
Which of the following is a potential danger of offering common stock to investors?
murzikaleks [220]

Answer :It doesn't allow the entrepreneur to raise enough money. -A.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Which one of the following is NOT one of the arguments against social responsibility as used by economist Milton Friedman?
    13·1 answer
  • All of the following are steps in the marketing research process exceptA) collecting dataB) interpreting research findingsC) des
    11·1 answer
  • Which of the actions must be taken if a municipality wishes to raise its debt limit?
    12·1 answer
  • Acme Movers is a company that ships goods and cargo to all locations in the United States. The employees understand that the com
    15·1 answer
  • Which type of credit is most likely to be unsecured?
    9·2 answers
  • The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were origina
    11·1 answer
  • Suppose you reside in the Caribbean and purchase exclusive territory rights for a McDonald's franchise. You can construct as man
    5·1 answer
  • By using resources in an efficient and effective manner to reach organizational goals, managers may reach their ultimate respons
    10·1 answer
  • Question text
    10·2 answers
  • According to the video, what are some qualities Air Traffic Controllers need? Check all that apply.
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!