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
Zanzabum
3 years ago
5

The Fitting Department’s cost per equivalent unit for conversion cost for March was $6.01. How much conversion cost was assigned

to the units transferred out of the Fitting Department during March?
Business
1 answer:
olga_2 [115]3 years ago
4 0

Answer:

units transferred to the next department = units in beginning wip + units started into production - units in ending wip    

= 8400 + 52800 - 3700

= 57,500 units

Units completed and transferred out :                                              Conversion

Units transferrd to the next deptt                                                        57,500

cost per unit                                                                                           $9.56

Cost of units completed and transferred out                                 $549,700

You might be interested in
Vac N' Sew will give customers $100 for a used vacuum cleaner, regardless of condition, when they purchase a new vacuum or sewin
kondor19780726 [428]

Answer:

Trade-in allowance

Explanation:

A trade-in allowance is a type of discount in which the price of a good is reduced by the value of a another good that the buyer gives to the seller.

In this question, we have a trade-in-allowance because buyers give a product (a used vacuum cleaner) valued at $100 in exchange for a discount by the same amount of the total price of the new vacuum that they want to buy.

8 0
3 years ago
What is the price at which equilibrium is achieved?
nasty-shy [4]
The price at which equilibrium is reached is known as the equilibrium price. In economics, the equilibrium price is reached when the quantity of a certain product will match the demand of a certain product with regard to price per product. In order to solve for this, you have to compute for quantity demand and quantity supply. After that, you have to graph the line of these two equations and find where these two lines would intersect to find the equilibrium price. 
8 0
3 years ago
Read 2 more answers
Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented as follows.
dem82 [27]

Answer:

June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business.

Account Debited: Cash

Account Credited: Common Stock capital

2 Purchases equipment on account for $1,200.  

Account Debited: Equipment

Account Credited: Accounts Payable

3 Pays $800 cash to landlord for June rent.

Account Debited: Rent expense

Account Credited: Cash account

12 Bills P. Leonard $300 after completing welding work done on account.

Account Debited: Accounts receivable

Account Credited: Service revenue

5 0
2 years ago
You have an investment account that started with ​$3 comma 000 10 years ago and which now has grown to ​$6 comma 000. a. What an
zloy xaker [14]

Answer:

The correct answer for option (a) is 7.17% and for option (b) is $48,546.69.

Explanation:

According to the scenario, the given data are as follows:

(a) Present value = $3,000

Future value = $6,000

Time period = 10 years

So, we can calculate the annual rate of return by using following formula:

Rate of return = (( FV ÷ PV)^1/t  -1)

= (( $6,000 ÷ $3,000)^1/10 -1)

= (2)^0.1 - 1

= 1.07177346254 - 1

= .07177 or 7.17%

(b) Present value = $12,000

Rate of interest (r) = 15%

Time period = 10 year

So, we can calculate the Future value by using following formula:

FV = PV × ( 1+r)^t

= $12,000 × ( 1 + 15%)^10

= $12,000 × 4.04555773571

= $48,546.69

8 0
3 years ago
Financial statements are optional accounting reports issued periodically by a firm which present information on the past perform
goldfiish [28.3K]

Answer:

False

Explanation:

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.

These documents play a pivotal role in a financial institution, thus, not optional.

Cheers

7 0
3 years ago
Read 2 more answers
Other questions:
  • ________ is a type of theatre in which sketches and vignettes alternate with musical numbers, but no single story carries throug
    8·1 answer
  • What are the practical consequences of a lack of strategic linkage between the business and the operations function? give exampl
    13·1 answer
  • Is it against the law to require a student to pay their own money to go on a trip that will affect grade?
    11·1 answer
  • Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,300 in investment expenses. T
    7·1 answer
  • A decrease in the long-run average total cost as output increases is due to rev: 06_26_2018 Multiple Choice the law of diminishi
    14·1 answer
  • Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe
    10·1 answer
  • The type of legal system and the level of corruption in a country have been found to be: significant determinants of the rate of
    14·1 answer
  • Choose the option that best matches the description given.
    7·2 answers
  • The concept of market efficiency underpins almost all financial theory and decision models. When financial markets are efficient
    13·1 answer
  • Monetarists believe that changes in the supply of money Question 24 options: do not affect aggregate demand. affect aggregate de
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!