Answer:
The correct option here is C) units in the beginning work in progress period which were completed , units which were started and completed, and units in ending work in progress.
Explanation:
FIFO ( First in first out ) method is used to take out the cost per unit when doing process costing, in this method it is assumed that the inventory which were not finished during the beginning of period would be first completed and then new shall be started.
To take out the equivalent cost per unit under the FIFO method we will add the units which were completed in the beginning plus units which were started and completed during the period and plus the units which are left in ending work in progress.
Answer:
$67860
Explanation:
sell price of each toaster= $24.45
variable cost per unit= $16.65
total fixed cost= $25,700
number of unit sold x= 8700
the formula for contribution margin is
= sales price- variable cost
= (s-v)x
putting values we get
=
= $67860
Hence the contribution margin the above case will be $67860
Answer:
Option C.
Explanation:
Borrowed reserves = Monetary base - Nonborrowed monetary base
Borrowed reserves are the money that the Federal Reserves System member borrows from the Federal Reserve Bank to maintain the required reserve.
Amount of total currency which is in circulation in the public in the present time or the amount of currency which is held in the commercial bank deposits in the central bank's reserves is termed as Monetary Base.
The fund that is held by a financial institution in cash is termed as Nonborrowed Monetary Base.
If a manager designs the organizational hierarchy based on the characteristics of the organizational environment, he is acting in accordance with <u>contingency </u>theory.
<h3>What is organizational hierarchy?</h3>
Organizational hierarchy can be defined as the hierarchy that display the rank or position of an employees from the top level management to lower level management.
On the other hand Contingency theory is a theory that stated that an organizational hierarchy can arranged based on the features of an organizational environment.
Therefore the manager is acting in accordance with <u>contingency </u>theory.
Learn more about Organizational hierarchy here:brainly.com/question/28169873
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