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Savatey [412]
3 years ago
9

The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process inventory (25% complete) on July 1.

During July, 2,200 tons were completed. The ending work in process inventory on July 31 was 500 tons (40% complete). What are the total equivalent units for direct materials for July if materials are added at the beginning of the process? units.

Business
1 answer:
butalik [34]3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Assume that we have the following data:
tankabanditka [31]

Answer:

Answer explained below

Explanation:

(1)

IS Model:

Y = C + I + G + X - M

Y = 100 + 0.5Y + 100 - 20r [G = X = M = 0]

(1 - 0.5)Y = 200 - 20r

0.5Y = 200 - 20r

Y = 400 - 40r ......(1) [IS Equation]

LM Model:

Money demand (Speculative + Transactions demand) = Money supply

100 - 10r + 0.1Y = 80

0.1Y = 10r - 20

Y = 100r - 200 .....(2) [LM Equation]

(2) When IS & LM intersect, from part (1):

400 - 40r = 100r - 200

140r = 600

r = 4.29

Y = 100r - 200 = (100 x 4.29) - 200 = 429 - 200 = 229

(3)

There will be four regions as explained below:

In region I, there is excess supply in both goods and money market, which puts downward pressure on both interest rate and output.

In region II, there is excess demand in goods market, but excess supply in money market, which puts upward pressure on output & downward pressure on interest rate.

In region III, there is excess demand in both goods and money market, which puts upward pressure on both interest rate and output.

In region IV, there is excess supply in goods market, but excess demand in money market, which puts downward pressure on output & upward pressure on interest rate.

7 0
3 years ago
Division X makes a part with the following characteristics:
rodikova [14]

Answer:

If Division X refuses to accept the $19 price internally and Division Y continues to buy from the outside supplier, the company as a whole will be:_________.

c. worse off by $28,600 each period.

Explanation:

The $28,600 loss the company incurs is from the lost contribution that Division Y's purchase of Division X's parts could have brought to the company if it buys parts inhouse.  This is calculated as follows:

Division X's variable cost per unit = $17

Division X's selling price to outside customers = $23

Division Y's offered buying price = $19

The contribution = $2 ($19 - $17)

7 0
3 years ago
Tune Store reports inventory using the lower of cost and net realizable value (NRV). Information related to its year-end invento
Genrish500 [490]

Answer:

inventory impairment/cost of good sold (p/l)   $500

Explanation:

IAS 2 requires that inventory be initially recognized at cost including cost of purchase and other necessary cost incurred in getting the inventory to the location where it becomes available for sale.

Subsequently, the item of inventory is carried at the lower of cost or net realizable value (NRV).

              Quantity    Unit Cost     Unit NRV      Lower of cost/NRV  Amount

Model A    100               $100              $ 120       $100                       $10,000

Model B      50                $50               $ 40        $40                         $2,000

Model C      20                $200             $210        $200                      $4,000

Adjustment required = 50 ($50 - $40)

=$500

This posted as

Debit inventory impairment/cost of good sold (p/l)   $500

Credit Inventory account                                              $500

5 0
3 years ago
When creating text ads to advertise a client's small chain of italian restaurants, what should you include in the ad text to mak
Brut [27]
When creating advertisement for an Italian restaurant, you should include information about Italian food in the  description. This will serve to arouse the interest of the reader and compel them to patronize the restaurant.  
4 0
3 years ago
Read 2 more answers
The economic inefficiency of a monopolist can be measured by the A. area above marginal cost but beneath demand from the monopol
Reil [10]

Answer:

The correct answer is option D.

Explanation:

A monopoly firm is neither productively nor allocative efficient. The reason behind this is that it does not utilize the resources efficiently and produces below the socially optimal level of output.  

Unlike perfect competition, which produces at the point where price equals marginal cost, a monopolist produces at the point where the price is greater than marginal cost.  

This inefficiency is visible through the decrease in consumer surplus and deadweight loss. The difference between socially optimal level of output and monopoly output also represents inefficiency. The value of the goods and services that could have been made if monopolist chose to produce at a socially optimal level also shows inefficiency.  

7 0
3 years ago
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