For one to be able to reconcile the number of physical units using the weighted average method of process costing, one must determine if the units were completed or still in process at the end of the period.
<h3>What is weighted average method?</h3>
The weighted average cost method is known to be a kind of process that tends to divides the cost of goods that is available using the sale by the number of units that is present for sale.
Conclusively, To find a weighted average, one has to multiply all the number by its weight, then add all the results together.
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Answer:
The standard deviation of 75 dollars
Explanation:
Standard deviation, S.D.= 75 dollars; Mean, M= 225 dollars; Mean deviation, D= ?
S.D. = √ D² - M
∴ 75 = √ D² - 225
D² = 75² - 225 = 5625 + 225 = 5950
∴ D = √5950 = 24.4 dollars
From the above, it shows that, the standard deviation of 75 dollars contains the middle 95 percent of hourly sales.
When frank sells a pie to jean instead of sarah, the economic value created in society is lower because of the difference in consumer surplus.
What is consumer surplus?
Consumer surplus occurs when a consumer pays a price that is lesser for a goods than the actual price they are willing to pay for a product.
Difference in consumer surplus occurs because Frank now has more customers and he can now sell at a price lower than the consumer would pay.
Therefore, Frank sells a pie to jean instead of sarah,when the economic value created in society is lower because of the difference in consumer surplus.
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Explanation:
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Answer:
b. decrease no effect
Explanation:
When the treasury stock is repurchased and at a premium. That is the price more than the par value, the excess is debited to the additional paid in capital account as this is the account used to fund the additional amount required to pay the differential.
Retained earnings on the other hand are unaffected by this transaction as long as the company has enough funds in the paid in capital account to complete the transaction.
Total paid in capital will decrease
Retained earnings will have no effect
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