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masha68 [24]
4 years ago
7

Layla Company began making mascara in November 2018 using a single-step process. Layla incurred $42,000 for materials and $48,64

0 for conversion during the month. There were 21,000 cases of mascara started in November and 3,000 cases unfinished (40 percent complete) at the end of the period. All materials were added at the beginning of the production process. What is the unit cost for materials for Layla using the FIFO method?
Business
1 answer:
Mashutka [201]4 years ago
5 0

Answer:

The unit cost for materials for Layla using the FIFO method is $2.

Explanation:

                                                            Physical unit % EUP-material

Units started and completed              18000      100%     18000

Ending work in process                       3000       100%      3000

Total                                                       21000       21000

Unit cost = 42000/21000

               = $2 per unit

Therefore, The unit cost for materials for Layla using the FIFO method is $2.

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The correct answer is letter "D": short-term financing.

Explanation:

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3 years ago
Crane Company has a unit selling price of $500, variable costs per unit of $260, and fixed costs of $184,800. Compute the break-
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Break-even point in units= 770

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Giving the following information:

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Fixed costs= $184,800

<u>To calculate the break-even point in units using the mathematical equation, we need to use the following formula:</u>

<u></u>

Net income= unit contribution margin*x - fixed costs

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<u>Now, under the unit contribution margin method:</u>

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5 0
3 years ago
The admissions director at big city university proposed using the iq scores of current students as a marketing tool. the univers
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The complete question is as follows:

The admission directory of Big City University has a novel idea. He proposed using the IQ scores of current students as a marketing tool. The university agrees to provide him with enough money to administer IQ tests to 50 students. So the director gives the IQ test to an SRS of 50 of the university’s 5000 freshman. The mean IQ score for the sample is xbar=112. The IQ test he administered is known to have a σ of 15. What is the 95% Confidence Interval about the mean? What can the director say about the mean score of the population of all 5000 freshman?

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The director can say that he is 95% confident that the mean IQ score of the 5000 freshmen lies between 107.84 and 116.16.

We follow these steps to arrive at the answer:

Since the population standard deviation of the IQ test is known, we can use the Z scores to find the confidence interval.

The formula for the confidence interval about the mean is:

Confidence interval = \overline{X}\pm Z*\frac{\sigma}{\sqrt{n}}

In the equation above, X bar is known as the point estimate and the second term is known as Margin of Error.

The Critical Value of Z at the 95% confidence level is 1.96.

Substituting the values in the question in the equation above we have,

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3 years ago
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Answer:

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