Answer:
$37.80
Explanation:
Particulars Amount Calculations
Direct materials $7.00
Handling $2.80 ($3,500/5,000*4 parts)
Assembling $9.60 ($12,000/5,000*4 parts)
Packaging <u>$18.40 </u> ($5,750/1,250*4 parts)
Total manufacturing cost per chair <u>$37.80</u>
True, usually the earlier you invest the more money you will get later down the road.
Answer:
The correct answer is: a positive correlation.
Explanation:
Correlation can say something about the relationship between variables. It is used to understand:
1. If the relationship is positive or negative
2. The strength of the relationship.
Correlation is a powerful tool that provides vital pieces of information.
In the case of family income and family spending, it is easy to see that both rise or fall together in the same direction. This is called a positive correlation.
In the case of price and demand, the change occurs in the opposite direction, so that the increase in one is accompanied by a decrease in the other. This is known as a negative correlation.
Answer:
$30,000
Explanation:
The computation is shown below:
As we know that
Current ratio = Current assets ÷ Current liabilities
Current assets = 3.4 × Current liabilities
Now the
Acid-test ratio = Quick assets ÷ Current liabilities
2.8 = Currents assets - inventory ÷ Current liabilities
2.8 = 3.4 × Current liabilities - $18,000 ÷ Current liabilities
2.8 × Current liabilities = 3.4 × Current liabilities - $18,000
After solving this, the current liabilities is $30,000
Answer:
1,100 units; 1,050 units
Explanation:
Calculation to determine the equivalent units for direct materials and conversion costs, respectively, for March
DIRECT MATERIALS CONVERSION COSTS L
Completed and transferred out
1,000 units 1,000 units
(300 units+800 units - 100 units)
Add Work in process, ending
100 units 50 units
(50% Complete*100 units=50 units)
Total equivalent units
1,100 units 1,050 units
Therefore the equivalent units for direct materials and conversion costs, respectively, for March will be 1,100 units; 1,050 units