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
xz_007 [3.2K]
4 years ago
9

A production department's output for the most recent month consisted of 19,000 units completed and transferred to the next stage

of production and 19,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. There were 2,800 units in beginning Work in Process inventory, and they were 70% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Business
1 answer:
gavmur [86]4 years ago
4 0

Answer:

28,500 units

Explanation:

Total completed units = 19,000

Which comprises opening incomplete units 2,800 completed during the month. Therefore completed units = 19,000

Equivalent completed units at month end = 19,000 which are 50% complete for both materials and overheads.

Therefore it is equivalent to 19,000 X 50% = 9,500 units

Total equivalent units of production for the month = 19,000 + 9,500 = 28,500 units

Net Equivalent Units at month end = 28,500

You might be interested in
Trend refers to a. the short-run shift or movement in the time series observable for some specific period of time. b. the outcom
riadik2000 [5.3K]

Answer:c. the long-run shift or movement in the time series observable over several periods of time.

Explanation:

trend

Trend is an observable change that occurs slowly in an output or it can be the observed change in a particular series of points which approaches a particular direction at a certain period and can be seen by a line or curve on the graphs.

For example we can observe a trend in Forex trading graphs to see how a particular currency is doing so that we may determine our next move in trending or in buying stocks or selling stocks.

8 0
3 years ago
On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum
-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

4 0
3 years ago
Which of the following is a difference between common stock and bonds? A) Bondholders have a voice in management; common stockho
alexandr1967 [171]

Answer:

B) Bondholders have a senior claim on assets and income relative to stockholders.

Explanation:

Bond holder: They are one who owns bonds issued by the company, where companies are not liable to pay a dividend if they fail to generate enough profit. Although preferred stock provides added financial leverage in much the same way as bonds, it differs from bonds in that the issuer can pass a dividend payment without suffering the consequences that result when an interest payment is missed on a bond.

Share holder: They are the ones who own stock in a company. The buyer has an option to choose between common stock and preferred stock. The company take priority in paying a dividend to the common stockholder, however, the preferred stockholder has a voting right in the company.  

7 0
3 years ago
Magical Productions is a large production company that controls a major portion of the television industry's market share along
Daniel [21]

Answer: Oligopolistic

Explanation:  

 The oligopolistic industry is one of the type of market structure where the small industries or the companies are compete with each other and earning the various types of economical profits.

The main purpose of this type of industry is that it help[s in reducing the competition in the market and also control the market share function.  

According to the given scenario, the magical production is one of the type of large production organization and this company perform various types of functioning in the Oligopolistic industry.  

 Therefore, Oligopolistic is the correct answer.

3 0
3 years ago
. A rise in the price of corn will cause a (Click to select) in the Supply Curve for corn. b. A decrease in the price of seed (a
Nadusha1986 [10]

Answer:

move along upwards

shift out

shift in

Explanation:

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :

  1. A change in the price of input
  2. A change in the number of suppliers
  3. Government regulations

When the price of corn increases, the quantity supplied of corn increases. this is in line with the law of supply.

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

This would lead to a movement up along the supply curve

If the price of seed which is an input to corn decreases, it becomes cheaper to produce corn. As a result, the supply of corn would increase. this would lead to an outward shift of the supply curve.

If the number of grocery stores decreases, there would be a reduction in supply. As a result, the supply curve would shift inwards

8 0
3 years ago
Other questions:
  • Skysong Corporation recorded a right-of-use asset for $249,000 as a result of a finance lease on December 31, 2019. Skysong’s in
    10·1 answer
  • Binkers, LLC and Toves Inc. have merged, doubling the number of production facilities. To help decide which facilities to keep o
    13·1 answer
  • If you bought a share of common stock, you would probably expect to receive dividends plus an eventual capital gain. Would the d
    7·1 answer
  • The trial balance of Kelso Company had accounts with the following normal balances: Cash, $8,000; Accounts Receivable, $6,000; E
    14·1 answer
  • Which of the following is the term for a special tax placed on foreign goods sold in
    12·1 answer
  • Elaine supervises 30 sanitation engineers. She fills out a form that rates such factors as loyalty, cooperation, attendance, and
    6·1 answer
  • mith Manufacturing Company allows employees to purchase materials, such as metal and limber, for personal use at a price equal t
    13·1 answer
  • In terms of the global marketplace there are three primary types of companies: __________, multinational firms, and transnationa
    6·1 answer
  • ABC Corporation Dora and Keith are managers at ABC Corporation. Keith is having problems in his department with a lack of innova
    10·1 answer
  • Picture yourself as a member of the administration team of a 253-bed healthcare facility. The community where the facility is lo
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!