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zysi [14]
3 years ago
15

Ozdemir Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the

most recent month are listed below:
Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion 400 $ 2,200 $ 800 55% 10% 5,400 4,900 $ 78,800 $132,800 900 85% 70%
What are the equivalent units for conversion costs for the month in the first processing department?
Business
1 answer:
Paul [167]3 years ago
4 0

Answer:

$5,490

Explanation:

Computation for the equivalent units for conversion costs

To complete beginning work in process inventory 360

[400*(1-10%)]

Units started and completed 4,500 (4,900-400)

Ending work in process inventory 630 (900*70%)

Equivalent units for Conversion costs $5,490 units

Therefore the equivalent units for conversion costs is $5,490

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"According to the law of demand, with everything else being equal, the quantity demanded for a good or service will ____________
m_a_m_a [10]

Answer: Decrease

Explanation:

According to the Law of  Demand, The quantity demanded for purchase of a commodity inversely varies with the price.

That is to say that "ceteris paribus" ( with everything being equal),When the prices of a particular good go higher, people will buy less of such commodity but will buy more, if the prices of the goods reduces.

We can say demand is elastic if quantity demanded for a commodity decreases with increase in price which will make people choose another  lower substitute good eg, detergent, ice cream

Also if  quantity demanded does not change much with increase in price , then it is referred to as Inelastic Demand  for example necessity commodity such as gasoline.

5 0
3 years ago
A form of communication management that seeks to influence the feelings, opinions, or beliefs held by customers, prospective cus
exis [7]

Answer: Public relations

Explanation:

Public relations is the practice of managing information release and its spread deliberately between an individual, organization and the public.

Public relations is controlled internally and it is form of communication management which seeks to influence the opinions, feelings, or beliefs that are held by customers, suppliers, stockholders, and employees, about a firm and its products.

4 0
3 years ago
John works for a consumer products company. His job is to use information to identify and define marketing opportunities, evalua
katovenus [111]

Answer:

The correct answer is marketing research.

Explanation:

Marketing research is the process that includes the actions of identification, collection, analysis and dissemination of information with the purpose of improving marketing decision making. Its implementation occurs basically for two reasons: (1) to solve problems, for example, determine the potential of a market; and / or (2) to identify problems, for example, to know why a product does not have the expected consumption. In essence, it seeks to meet the customer thus complying with the first premise of marketing.

4 0
3 years ago
janie curtis borrowed $22,000 from a bank at an interest rate of 9% compounded monthly. this loan is to be repaid in 36 equal mo
Margaret [11]

Answer:

Explanation:

Given:

  • PV = $22,000
  • r = 9% /12 = 0.09/12 compounded monthly
  • n = 36

we need to find the payment per month:

= \frac{rPV}{1 - (1+r)^{-n} }

= \frac{0.0075*22000}{1 - (1+0.0075)^{-36} }  

= $ 699,59

Hence, after 20th payment, she already paid:

$699,59 * 20 = $13,991.8

After we find out the Future value:

FV = PV (1+i)^{n}

=$22,000((1+0.0075) ^{36}

= $28,790.20  

At the end, the total amount she must pay at that time is:

FV - The amount she has already paid

= $28,790.20   - $13,991.8

=$14,794.4

Hope it will find you well.

8 0
3 years ago
One way to build and maintain staff skills is to develop incident-handling ____ and have the team members discuss how they would
yawa3891 [41]

Answer:

The correct answer is a) scenarios

Explanation:

"One way to build and maintain staff skills is to develop incident-handling scenarios and have the team members discuss how they would handle them"

The best way to start an improving of an incident is to develop "incident-handling scenarios", where the employs can handle and talk about a possible situation that may affect the internal work environment. When it is applied,  it will traduce to growing, management, and indirectly profits.

7 0
3 years ago
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