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3 years ago

Ibarra Corporation uses the FIFO method in its process costing system.

Business

1 answer:

Advocard [28]3 years ago

7 0

Answer:

$5.70

Explanation:

The calculation of conversion costs for the month is given below:-

Units started to completed during the period = Units completed during the month - Units started during the month

= $104,000 - $16,400

= $87,600

So, to complete the started work in progress :-

The Conversion = $16,400 × (100% - 20%)

= $13,120

Units started to completed during the period $87,600

And, the ending work in progress

For Conversion = $13,400 × 30%

= $4,020

Therefore, the Equivalent production of units is

= $87,600 + $13,120 + $4,020

= $104,740

So, The cost of per per equivalent unit is

= Cost added during the period ÷ Equivalent units of production

= $597,123 ÷ $104,740

= $5.70

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Sheffield Corp. had credit sales of $1696000. The beginning accounts receivable balance was $175000 and the ending accounts rece

Aleks04 [339]

Answer:

$1,574,000

Explanation:

Cash collections from customers during the period using direct method is computed as;

= Credit sales + Beginning accounts receivables - Ending accounts receivables

= $1,696,000 + ($175,000 - $297,000)

= $1,692,000 - $122,000

= $1,574,000

7 0

3 years ago

According to the Principle of Utility within the ethical theory of Utilitarianism, happiness is an extermely important factor in

Daniel [21]

True.

The Principle of Utility says actions are <u>right </u>when they promote happiness or pleasure, and wrong when they cause unhappiness or pain. So in order to figure out if something is right or wrong you will first have to know if it promotes happiness.

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3 years ago

What is the best Honda dirt bike?

Illusion [34]

Answer:

KTM 350 full-size 450s, the 350 remains the bike for the common man. The KTM 350, along with its blood brother the Husqvarna FC350, appeals to the rank-and-file rider who doesn’t want to deal with 60 horsepower. The 350s have steadily improved over their lifespan and are currently better than ever.

Explanation:

7 0

3 years ago

Jack is buying the Padillas' home. He makes his offer and in his terms states, he wants all the window treatments, refrigerator,

gogolik [260]

Answer:

c) Counteroffer

Explanation:

A counteroffer determines this when an offer is being created for the purpose of the earlier offer by another person during the negotiation for creating the ending contract. To make the counteroffer is to reject the previous offer and is created under the terms of the counteroffer or there will be no contract.

Here according to the given scenario, Jack makes the offer in the condition that he needs only microwave, refrigerator, and window treatment and this will be a sale part. Now, Padilla who is selling the home is accepting the terms of Jack with the condition that the refrigerator will remain in the home. So, this case is called the counter offer.

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3 years ago

Ahngram Corp. has 1,000 carton of oranges that cost $20 per carton in direct costs and $19.00 per carton in indirect costs and s

andrew11 [14]

Answer:

The incremental income from processing the oranges into orange juice would be =$51000.

Explanation:

Incremental income from further process= (Selling price per unit- Additional cost per unit)*No. of units sold

= ($66 per unit-$15 per unit)*1000 units

= $51000

6 0

3 years ago