Answer:
73,000 units
Explanation:
The computation of equivalent units for conversion costs is shown below:-
Equivalent units = Units transferred ÷ Finished goods + (Units in closing Work in progress × Percentage of completion)
= (8,000 + 69,000 - 5,000) + (5,000 × 20%)
= 72,000 + 1,000
= 73,000 units
Therefore for computing the Equivalent units we simply applied the above formula.
Answer:
Gasoline is a normal good
Explanation:
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
Inferior goods are goods whose demand falls when income rises and increases when income falls.
Because the demand for gasoline falls when income falls, gasoline is a normal good.
I hope my answer helps you
The factor that increase the risk of being underinsured includes:
- non-reviewing of sum insured
- inflation etc
<h3>What is an underinsurance?</h3>
An underinsurance refers to a circumstance of insurance coverage whiuch leaves the policyholder responsible for a large percentage of a total loss.
An underinsurance happens when the sum insured is less than the market value of the property.
In conclusion, the insured is left to borne to loss if any occur.
Read more about underinsurance
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Answer:
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Explanation:
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Answer:
$8,000
Explanation:
With regards to the above information, the expected cost of rent in August is $8,000. This is because the $8,000 is fixed in total.
We know that fixed costs are those costs that do not vary with the level of output. Invariably, it means they remained the same as activity level or output changes.
Although, production increases to 6,000 units in August from 4,000 candy pounds of candy that are expected to be produced in March, yet, the fixed cost of $8,000 would remain the same whether or not production increases or decreases.