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yKpoI14uk [10]
3 years ago
6

Which of the following statements is most accurate? Select one: a. In process costing, estimating the degree of completion of un

its is usually more accurate for conversion costs than for direct materials. b. The FIFO method includes the cost of the beginning Work in Process inventory account in calculating cost per equivalent units. c. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory. d. The FIFO method of calculating equivalent units of production merges the work and the costs of the beginning inventory with the work and the costs done during the current period. e. It is not possible for there to be a significant difference between the cost of completed units between the weighted average and the FIFO methods.
Business
1 answer:
Angelina_Jolie [31]3 years ago
3 0

Answer: The correct answer is "c. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory.".

Explanation: Process Costing is a special accounting method to identify and accumulate direct costs and prorate indirect costs of the same manufacturing process.

The statement "The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory." is the most accurate.

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Beverly, a real estate licensee, doesn’t represent either party to a specific real estate transaction. She merely helps the part
inn [45]

Beverly, a real estate licensee is taking up  the role of a transactional broker by not representing either party to a specific real estate transaction.

<h3>Who is a transactional broker?</h3>

A transaction broker is the one that provide third-party real estate services various buyers and sellers in exchange for a comission.

Here,  transactional broker is a neutral person to parties in a real estate transaction.

Hence, Beverly, a real estate licensee is taking up  the role of a transactional broker by not representing either party to a specific real estate transaction.

Learn more about transactional broker here : brainly.com/question/26052661

8 0
2 years ago
Samuel, Inc. has Accounts Receivable of $110,000 and an Allowance for Doubtful Accounts of $17,000. If it writes-off a customer
Allushta [10]

Answer:

the net account receivable is d.  $93,000

Explanation:

The computation of the net account receivable is shown below:

= (Account receivable - written off amount) - (Allowance for doubtful accounts - written off amount)

= ($110,000 - $1,700) - ($17,000 - $1,700)

= $108,300 - $15,300

= $93,000

Hence, the net account receivable is $93,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

7 0
3 years ago
How long would it take for Nico to save an adequate amount for retirement if he deposits​ $40,000 per year into an account begin
dalvyx [7]

Answer: It will take Nico approximately 12 years

Explanation:

Payments = $40000

r = 12%

Future Value = 1000 000

Future Value annuity = Payments((1 + r)^n - 1)/r

1000000 = 40000((1 + 0.12)^n - 1)/0.12

40000((1.12)^n - 1) = 1000000 x 0.12

(1.12)^n -1 = 120000/40000

(1.12)^n = 3 + 1

nlog(1.12) = log(4)

n = log(1.12)/log(4) = 12.232510748

n ≈ 12 years

It will take Nico approximately 12 years

6 0
3 years ago
Read 2 more answers
Hilton company reported net income of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts p
Alina [70]

Answer:

a. $25,000

Explanation:

The computation of net cash provided by operating activities is shown below:-

Particulars                                                   Amount

Net Income                                                $30,000

Add Depreciation                                     $5,000

Less Increase in Accounts Receivables -$7,000

Less Decrease in Accounts Payable        -$3,000

Net cash Provided by Operating Activities $25,000

7 0
3 years ago
Pinnocle Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total
Lostsunrise [7]

Answer:

Product margin= $9,607.5

Explanation:

<u>First, we need to calculate the allocation rates:</u>

Assembly= 1,533,840 / 77,000= $19.92 per machine-hour

Processing orders= 91,065 / 1,950= $46.7 per order

Inspection= 139,788 / 1,980= $70.6 per inspection-hour

<u>Now, we need to allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly= 19.92*660= 13,147.2

Processing orders= 46.7*50= 2,335

Inspection= 70.6*10= 706

Total= $16,188.2

<u>Finally, the product margin for product S78N:</u>

Product margin= 430* (124.3 - 51.25 - 13.06) - 16,188.2

Product margin= $9,607.5

4 0
3 years ago
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