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andrezito [222]
3 years ago
10

The Gasson Company uses the weighted-average method in its process costing system.

Business
1 answer:
Daniel [21]3 years ago
5 0

Answer:

Option (C) is correct.

Explanation:

Given that,

Ending work in process inventory consists = 10,000 units

100% complete with respect to materials

70% complete with respect to labor and overhead

costs per equivalent unit for material = $4.50

costs per equivalent unit for labor and overhead = $2.00

Balance of Ending WIP:

= Direct Material + Labor and Overhead

= (10,000 × $4.50) + (10,000 × 70% × $2.00)

= $45,000 + $14,000

= $59,000

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Brad will graduate next year. When he begins working, he plans to deposit $6000 at the end of each year into a retirement accoun
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Answer:

$92,8571.7937

Explanation:

The computation of the amount after 40 deposits is shown below:

= (((1 + interest rate)^number of years - 1) ÷ interest rate)× principal

= (((1 + 0.06)^40-1) ÷ 0.06) × $6,000

= $92,8571.7937

We simply applied the above formula and the same is to be considered

We considered all the things given in the question

8 0
4 years ago
A company decides to close down its plastics division. It has on hand 20 tons of styrene monomer, a raw material that has a mark
Elena-2011 [213]

Answer:

$16,000

Explanation:

With regards to the above information, we are only concerned with calculating the value of 20 tons of styrene to the company, hence other information are not relevant.

The total value of the 20 tons of styrene monomer to the company would be ;

= 20 tons of styrene monomer × Market price of styrene monomer per ton

= 20 × $800

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6 0
3 years ago
Lasley Cash, Ltd. operates a chain of exclusive ski hat boutiques in the western United States. The stores purchase several hat
yKpoI14uk [10]

Answer:

CMR: 52% --> each dollar of sales generates 52 cent of contribution

VCR: 48% --> 48 cent per dollar of sales are cost

BEPu:    10,000 units will pay up the cost to purchasethis units and the fixed cost for the business.

BEPs: $ 250,000 in sales pay up both, fixed and varible operating cost.

Explanation:

selling price per hat:  $ 25

variable cost per hat: $  12

Contribution per unit $  13

Contribution Ratio:

13/25 = 0.52

Variable cost Ratio:

12/25 = 0.48

Fixed cost: 130,000

Break even point:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{130,000}{0.52} = Break\: Even\: Point_{dollars}

dollars of sales BEP: 250,000

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

\frac{130,000}{13} = Break\: Even\: Point_{units}

units sold to pay up variable and fixed cost: 10,000

4 0
3 years ago
Cara and jason have a sexual relationship but have agreed that they will not be monogamous. neither wants to have a child right
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The best contraceptive for them to use is condom.
The use of condom will protect them to some extent from all types of sexually transmitted diseases and the method does not have any side effect. The only disadvantage that is attached to it is that, the condom may break if not properly inserted or if it has expired.
8 0
3 years ago
The opportunity cost to a consumer who smokes cigarettes is the:
andreyandreev [35.5K]

Answer: d. Products the consumer could have bought instead of cigarettes.

Opportunity cost refers to the loss benefits from the choices a person would have made if he or she had not made a particular choice.  

Opportunity cost is also known as alternate cost.

In this question, had the consumer would have spent on other products if he had not bought cigarettes. Hence these products represent the opportunity cost of cigarettes.

6 0
4 years ago
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