Answer:
Option (B) is correct.
Explanation:
Equivalent units of production(EUP) - Materials:
= Transferred out + Ending balance
= 10,451 units × 100% + 3,483 units × 100%
= 10,451 + 3,483
= 13,934
Equivalent units of production(EUP) - conversion:
= Transferred out + Ending balance
= 10,451 units × 100% + 3,483 units × 36%
= 10,451 + 1,253.88
= 11,704.88
Material cost = ![\frac{Cost\ of\ direct\ material}{EUP\ material}\times units\ transferred\ out](https://tex.z-dn.net/?f=%5Cfrac%7BCost%5C%20of%5C%20direct%5C%20material%7D%7BEUP%5C%20material%7D%5Ctimes%20units%5C%20transferred%5C%20out)
Material cost = ![\frac{97,538}{13,934}\times 10,451](https://tex.z-dn.net/?f=%5Cfrac%7B97%2C538%7D%7B13%2C934%7D%5Ctimes%2010%2C451)
= 73,157
Conversion cost = ![\frac{Direct labor+overhead}{EUP\ conversion}\times units\ transferred\ out](https://tex.z-dn.net/?f=%5Cfrac%7BDirect%20labor%2Boverhead%7D%7BEUP%5C%20conversion%7D%5Ctimes%20units%5C%20transferred%5C%20out)
Conversion cost = ![\frac{51,257+8,903}{11,705}\times 10,451](https://tex.z-dn.net/?f=%5Cfrac%7B51%2C257%2B8%2C903%7D%7B11%2C705%7D%5Ctimes%2010%2C451)
Conversion cost = ![\frac{60,160}{11,705}\times 10,451](https://tex.z-dn.net/?f=%5Cfrac%7B60%2C160%7D%7B11%2C705%7D%5Ctimes%2010%2C451)
= 53,715
Therefore,
Total cost of units completed during the period(10,451 units):
= Material cost + Conversion cost
= 73,157 + 53,715
= 126,872
The Hawthorne studies found that employees in the experimental group WERE MORE PRODUCTIVE THAN OTHER EMPLOYEES AND IT DOES NOT DEPEND UPON THE LEVEL OF LIGHTING.
The Hawthorne studies was conducted by Elton Mayo and his colleagues to determine the level of illumination and its relationship with the productivity.
Answer:
(1) establish the fund on January 1,
- Dr Petty cash fund 200
- Cr Cash 200
(2) reimburse it on January 8
- Dr Postage expenses 39
- Dr Transportation expenses 12
- Dr Delivery expenses 14
- Dr Miscellaneous expenses 28
- Cr Cash 93
(3) both reimburse the fund and increase it to $350 on January 8, assuming no entry in part 2.
- Dr Petty cash fund 150
- Dr Postage expenses 39
- Dr Transportation expenses 12
- Dr Delivery expenses 14
- Dr Miscellaneous expenses 28
- Cr Cash 243
The only difference between part 2 and 3 is that the Petty cash fund is increased by $150, and cash decreases by $243 instead of $93.
Answer:
Designs by Candice
Her costs include:
Costs of materials, labor, overheads.
Then in charging her customers she would include the profit target of $7,623 (representing 11% of her capital investment).
Explanation:
As a graphic design studio, Design by Candice would buy stationery and design materials, including 3D printers and other software. Candice would also incur labor costs on those doing the design proper. There are also manufacturing overheads, including rent, utilities, etc. and not to forget other indirect costs like selling and marketing and administrative expenses.
Examples of some of the most prominent hard currencies are listed below: The U.S. dollar (USD) The euro (EUR) ... The Australian dollar (AUD)