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
Anni [7]
3 years ago
10

The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin

g department. The company's ending work in process inventory on August 31 consisted of 21,400 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.60 for materials and $5.10 for labor and overhead, the total cost assigned to the ending work in process inventory was: Multiple Choice $120,696 $186,180 $111,708 $142,524
Business
1 answer:
jekas [21]3 years ago
7 0

Answer:

$142,524

Explanation:

The computation of the total cost assigned to the ending work in process

inventory is shown below:

As we know that

Total cost =  Material + Labor

where,  

Material = 21,400 units × 100% × $3.60 = $77,040

And,

Labor = 21,400 units ×  60% × $5.10 = 65,484

So, the total cost is $142,524

We simply added material and the labor cost according to their completion percentage and its cost per equivalent units

You might be interested in
Research depicts the typical saturn dirt bike shopper as a middle-aged person with an income of $75,000 per annum. this is an ex
Alex777 [14]

This is a demographic profile of the target market. Marketers use this profile to segment the entire market into target markets. They use things like demographics (age, race, income, education) to identify which markets are more likely to buy their products.

This whole process is called market segmentation.

5 0
3 years ago
True or false: unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
tigry1 [53]

The statement is False. Unlike the economic system of a country, the legal system is not influenced by the prevailing political system.

Free market, command, and mixed economies are the three primary types. The chart that follows contrasts command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course.

A common law system has the advantage of allowing you to be certain of the outcome of your case if a similar case has already been heard. The disadvantage is that if you have a unique circumstance, a court might easily create a new law and apply it to your situation.

To learn more on economic system

brainly.com/question/27630988

#SPJ4

7 0
2 years ago
After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small
seraphim [82]
Most likely Her kids I suppose

8 0
3 years ago
Read 2 more answers
You and a friend are designing and selling artisan smartphone covers. The covers are decorated with tiny manufactured rhinestone
IgorC [24]
In a manufacturing business or any type of business, one must start with capital that can upstart the business and then must be sustained through revenue. This is important to maintain the cycle of the business. In the manufaturing business, rhinestones is a term to describe the capital.
5 0
3 years ago
When a firm operates under conditions of monopoly its price is:?
Amiraneli [1.4K]
Havent you played monoply?
4 0
3 years ago
Other questions:
  • Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $5,800. On September 9, the custom
    12·1 answer
  • The senior management at a leading global corporation has decided to promote a considerable number of its employees. Since its e
    12·1 answer
  • The quantity demanded of a good is the amount that buyers are a. willing to purchase. b. willing and able to purchase. c. willin
    8·1 answer
  • The What-Not Shop owns the building in which it is located. This building initially cost $647,000 and is currently appraised at
    5·1 answer
  • Which of the following is true?
    8·1 answer
  • What should a supervisor do when employee behavior does not automatically produce feedback? train the employee to monitor his/he
    6·1 answer
  • Pick a country and do the research on the products that were highly demanded by the people but they were available
    8·1 answer
  • Which of the following is an example of a general partnership?
    6·1 answer
  • Disney’s my magic system, which enables visitors to swipe their magic band wristbands to get on rides, make purchases, and open
    5·1 answer
  • The _______ section of the marketing plan consists of a detailed description of the article being offered.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!