1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erastovalidia [21]
3 years ago
11

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th

e process. For the month of July, there were no units in the beginning work in process inventory; 60,000 units were started into production in July; and there were 15,000 units that were 40% complete in the ending work in process inventory at the end of July. What were the equivalent units of production for conversion costs for the month of July
Business
1 answer:
Evgen [1.6K]3 years ago
7 0

Answer:

51,000

Explanation:

Beginning WIP 0

Started into Production (60,000+15,000)

Total Units 75,000

Transferred Out (60,000 – 15,000)

= 45,000 = 45,000 equivalent conversion units

Ending WIP 15,000

= 15,000 * .4 = 6,000

45,000+6000 =51,000

Total Units 75,000 = 51,000 conversion total equivalent units

Therefore the equivalent units of production for conversion costs for the month of July is 51,000

You might be interested in
___________ attempts to increase task efficiency by breaking down jobs into simple steps and assigning people to each of those s
SpyIntel [72]

Answer:

A) Job simplification.

Explanation:

Job simplification makes it easy to complete the whole task by dividing it into small steps. Basically this can improve productivity and efficiency.

For instance: A whole task was done by a single employee and it took him a day to complete it, through Job simplification task would be divided into steps and those sub tasks would be assigned to different employee's with a deadline to complete it in 6 hours, much less than the formal employee took.

8 0
3 years ago
Read 2 more answers
Suppose that a lumberyard has a supply of 10-ft boards, which are cut into 3-ft, 4-ft, and 5-ft boards according to customer dem
Alja [10]

Answer :

Some answers are attached below

Explanation:

a) Based on the information provided, below are the all possible sensible patterns the lumberyard may use to cut the 10-ft boards -

Pattern Number 3-ft boards 4-ft boards 5-ft boards Waste (<3-ft)

1                      3                   0                     0                       1                                                                        

2                                2                 1                          0                      0

3                             1                    0                           1                       2            

4                                 0                     1                          1                        1

5                           0                      2                           0                       2                  

6                      0                     0                            2                     0      

b) ILP Formulation

Objective Function

Minimize Number of 10 ft-boards to be cut

Z = x1+x2+x3+x4+x5+x6 where xi is the number of boards for pattern i

subject to constraints -

3x1+2x2+x3>=90 ----> 3-ft boards

x2+x4+2x5>=60 ----->4-ft boards

x3+x4+2x6>=60 ----->5-ft boards

Xi>=0 ---->Non-negativity constraint

Below is the excel solver formulation and solution -

The optimal number of Pattern 1,5,6 =0, Pattern 2,3 and 4 = 30

The minimum number of 10 ft-boards to be cut = 90

7 0
3 years ago
Read 2 more answers
The costs of direct materials, direct labor, and overhead for partially completed products are known as:
slavikrds [6]

The costs of direct materials, direct labor, and overhead for partially completed products are known as total manufacturing costs.

Direct material costs are the costs of raw materials and parts used to manufacture products. The materials must be clearly identifiable in the resulting product (otherwise they are considered community costs). Direct material costs are one of the few variable costs associated with the production process.

Therefore, it is used to derive the throughput from the production process. The throughput is the revenue minus all fully variable costs. Examples of direct materials include wood used to build houses, automobile steel, radio circuit boards, and fabrics used to assemble garments.

learn more about manufacturing costs here: brainly.com/question/8873972

#SPJ1

8 0
2 years ago
After taking the information from a new client for the opening of a new account, an RR submits this information to his BOM. The
Darya [45]

Options:

[A] The new client is a personal friend of the RR who will be in charge of overseeing the new account.

[B] The new client agrees to provide a real address of a home or business, even though he insists that all correspondence be sent to the P.O. Box.

[C] The new client submits a written statement stating that for convenience purposes, he only uses a P.O. Box for all correspondence.

[D] The new client tells the RR and the BOM that he has not yet established a place of residence in the area and that the P.O. Box is the only fixed address he can give.

Answer:

B

Explanation:

Unless the new client provides a real address (either home or office), the account cannot be opened. FINRA regulations do not consider a P.O. Box as an acceptable residential address. The RR can send all the correspondence to the P.O. Box if the client requests it, but the client must still provide a real home or business address.

4 0
3 years ago
What was not a result of the economic policies of the irish government in the late 1990s?
Evgen [1.6K]
In the early 1990's, Ireland was a poor country. There was a high case of poverty, unemployment, and inflation. Free education was offered in the mid 1990s which produced entrepreneurs. The economic policies of the Irish Government in the late 1990s resulted in the rapid growth of the economy.
3 0
3 years ago
Other questions:
  • On January 1, 2020, Pina Corporation sold a building that cost $263,240 and that had accumulated depreciation of $101,140 on the
    10·1 answer
  • Why are bonds known as fixed income investments?
    13·1 answer
  • Rostad Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhe
    8·1 answer
  • A newspaper story discussing high profits and low unemployment indicates a strong economy
    15·1 answer
  • As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the sameIf the margi
    13·1 answer
  • Psychologists have observed that: Multiple Choice once investors have made a loss, they become much more willing to take risks.
    11·1 answer
  • Marlo is a compulsive shopper. He shops for apparel online. He wants to get rid of the habit. He seeks help from his friend Thom
    7·1 answer
  • Select the correct answer.
    13·1 answer
  • a company paid $43,800 to acquire 7% bonds with a $46,000 maturity value. the company intends to hold the bonds to maturity. the
    10·1 answer
  • A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is:________
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!