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Andrew [12]
4 years ago
11

Winkle Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing processing center consi

sted of 5,000 unites, 90% complete with respect to conversion costs. Ending work in process inventory consisted of 2,000 units, 60% complete with respect to conversion costs. If 10,000 units were transferred to the next processing center during the period, how many would the equivalent units for conversion costs be?
a. 10,000 units
b. 12,200 units
c. 12,000 units
d. 6,700 units
Business
1 answer:
Mice21 [21]4 years ago
6 0

Answer:

d. 6,700 units

Explanation:

The computation of the equivalent units for conversion cost by using the FIFO method is shown below:

= Beginning inventory units × remaining percentage + units started and completed + ending inventory units × completion percentage

= 5,000 × 10% + (10,000 - 5,000) + 2,000 × 60%

= 500 + 5,000 + 1,200

= 6,700 units

We simply applied the above formula

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A society can produce two goods: donuts and beer. The society's production possibility frontier is negatively sloped and "bowed
monitta

Answer:

c. increases

Explanation:

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The production possibility frontier is graph that shows the two combinations of goods that an economy can produce given its resocurces.

As the production of donuts increases, the amount of beers that would be forgone in order to increase production of donuts rises.

I hope my answer helps you

5 0
4 years ago
Suppose the hot sauce firm cannot reduce the externality without reducing costs. What is a possible next step the government cou
Makovka662 [10]

Create a limit on the maximum no. of bottles the firm can make,

The required details about externality is mentioned in below paragraph.

<h3>How Do Externalities Work?</h3>

An externality is a cost or benefit a producer generates but does not personally bear or receive. An externality can result from the creation or consumption of a good or service and can be both positive and negative.

Externalities happen when creating or consuming a good has an effect on parties who are not involved in the transaction directly. Externalities can be either good or bad. They can result from either production or consumption as well. For instance, simply entering a city center will increase the pollution and traffic for individuals who live there.

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8 0
1 year ago
TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $1,500,000 and there are 135,000
Masteriza [31]

Answer:

(a) $61.11

(b) $54.44

Explanation:

1)

Value of Stock = Benchmark price-sales ratio × Stock's sales

                          =  5.5 × 1,500,000

                         = $8,250,000

Thus,

Price of stock = Value of Stock ÷ shares outstanding

                       = 8,250,000 ÷ 135,000

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Thus, I would pay $61.11 for the stock.

2)

Value of Stock = Benchmark price-sales ratio × Stock's sales

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Thus,

Price of stock = Value of Stock ÷ shares outstanding

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                       = $54.44

Thus, I would pay $54.44 for the stock.

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We are taught that cleanliness is a vital part of daily life, that antibacterial soaps, cleaning products that completely elimin
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Accruals recorded in the Salaries and Wages Expense and Salaries and Wages Payable columns of the balance sheet and income state
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Answer:

Incurred but unpaid

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