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
Bas_tet [7]
3 years ago
7

The following unit data were assembled for the assembly process of the Super Co. for the month of June. Direct materials are add

ed at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process.
Units Beginning work in process 5,000 (60% complete)
Units started in September 48,000
Ending work in process 4,000 (30% complete)
The number of equivalent units produced with respect to conversion costs is:______.
Business
1 answer:
Tanzania [10]3 years ago
8 0

Answer:

Total number of equivalent units produced with respect to conversion costs  = 50,200 units

Explanation:

Provided the conversion costs is incurred uniformly over the time.

Therefore,

Opening + Addition - Closing = Net actual Production

5,000 + 48,000 - 4,000 = 49,000

Which are completed 100%

Now this production of 49,000 units includes the opening work in process now completed.

Further closing Work In Process = 4,000 which is 30% complete.

Therefore equivalent units included in closing inventory = 4,000 X 30% = 1,200 units

Total number of equivalent units produced with respect to conversion costs is 49,000 + 1,200 = 50,200 units

You might be interested in
The management of Heider Corporation is considering dropping product J14V. Data from the company's accounting system appear belo
zmey [24]

Answer:

Overall net operating income would decrease by $135,000

Explanation:

Calculation for What would be the effect on the company's overall net operating income if product J14V were dropped

Keep J14V Drop J14VDifference

Sales$980,000 $ 0 $(980,000)

Variable expenses

$394,000 $0 $394,000

Contribution margin

$586,000 $0 $(586,000)

Fixed expenses:

Fixed manufacturingexpenses

$376,000 $131,000 $245,000

($376,000-$245,000=$131,000)

Fixed selling and administrative expenses

$256,000 $50,000 $206,000

($256,000-$206,000=$50,000)

Net operating income(loss)

$(46,000) $(181,000) $(135,000)

Net operating income would decline by $135,000

Therefore the Overall net operating income would decrease by $135,000.

8 0
3 years ago
If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopo
MatroZZZ [7]

If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.

<h3>Who is a monopolist?</h3>

monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.

It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .

Learn more about monopolist on:

brainly.com/question/13113415

#SPJ1

7 0
2 years ago
Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he
Nina [5.8K]

Answer:

To calculate the elasticity of demand, we need to use mid point elasticity theory.

According to mid point theory,

Ed = [(Q2 - Q1) / {(Q1 + Q2) / 2}] / [(P2 - P1) / {(P1 + P2) / 2}]

Where, Ed = Elasticity o demand

Q1 = Initial quantity = 100

Q2 = New Quantity = 300

P1 = Initial price = $2.75

P2 = New price = $2.25

Ed = [(300 - 100) / {(100 + 300) / 2}] / [(2.25 - 2.75) / {(2.75 + 2.25) / 2}]

Ed = - 5.

a. So, the elasticity of demand is - 5 or in absolute term 5.

b. As the value of elasticity is more than 1, that means, the elasticty over the price range in elastic.

c. From theory, we knew that, when the demand is elastic, then a decrease in price causes a increase in total revenue. Because, as the demand elasticity is elastic, so the increase in output is higher than decrease in price.

Total revenue will increase

8 0
3 years ago
The Clark Sports Camp operates three sports programs: basketball, lacrosse and field hockey. The camp provides a unique opportun
igor_vitrenko [27]

Answer:

1. <u>Impact on profits</u>:

Contribution Margin =                     $63,000

Less: Traceable Rent = $10,000

Less: Salary of Director = $10,000

Total avoidable fixed expenses = <u>$20,000</u>

Decrease in Profits =                      <u>$43,000</u>

Hence, the profits will reduce by $43,000 if the basketball program is eliminated.

3. If the allocated fixed costs can be reduced by $50,000. The program should be dropped since there will be an increase in profits by $7,000 (50,000 - 43,000). The avoidable costs and revenues should be taken into account for the purpose of this decision. If the avoidable costs are more than the revenues, the line should be dropped else not.

Hence, since after considering the reduction in allocated fixed costs, the avoidable costs are greater than revenues, the program should be dropped

5 0
3 years ago
An investor owns 5,000 shares of IBM stock, $105 per share. He thinks that there is no large rise and possible drop in price. Th
lutik1710 [3]

Answer:

If IBM stock price rises from $105 to $112, the profit associated with the passive strategy is $ 35,000 and the profit associated with the covered call writing strategy is $ 45,000 .

Explanation:

Shares = 5000

Price of shares = $105

Sell Price = $112

The profit associated with the passive strategy  = $(112 - 105) × 5000

= $ 35,000

Now with covered call also included in the strategy the profit/loss from covered call can be calculated as

Strike Price = $110

Spot Price = $112

Total Shares on which Call options are sold = 50 × 100 = $5000

Total Premium received = 5000 × 4 = $20000

(Spot Price - Strike Price ) × Total Shares

= $(112 - 110) × 5000

= $10,000

Hence Net Profit = Premium received - $10,000 = $20,000 - $10,000

= $ 10000

Hence the profit associated with the covered call writing strategy

= $35,000 + $10,000

= $ 45,000

5 0
3 years ago
Other questions:
  • Kyla is a first-time entrepreneur. She started a small business a few months ago. She encounters small problems on a daily basis
    11·1 answer
  • g In 2009, an agricultural company introduced a new cropping process which reduced the cost of growing some of its crops. If sal
    15·1 answer
  • In a process called __________, a customer visits a store to touch, feel, and even discuss a product's features with a sales ass
    7·1 answer
  • The balance of an account is determined by
    10·1 answer
  • Which of the following is an example of a specific purpose? A. I want my employees to understand and follow the new dress code p
    15·1 answer
  • Which account option is designed to house money for easy access, either by check or by debit card?
    9·2 answers
  • A property owner owned a tract of land that he leased to a baker for 27 years. The baker built a large bakery on the property. T
    13·1 answer
  • Mag bigay programang pampamahalaan sa panahon ng komonweit​
    6·1 answer
  • Under what circumstances might Costco have to start paying its workers less?
    10·2 answers
  • Expansionary monetary policy is usually has real expansionary short-run effects. as prices adjust, the long-run impact of?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!