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
Which of the following is NOT true Group of answer choices An American option can be exercised at any time during its life A put
galina1969 [7]

Answer:

When a CBOE call option on APPLE is exercised, APPLE issues more stock.

Explanation:

A call option can be regarded as a "call", and can be explained as contract which exist between the buyer as well as the the seller of that call option, so they can exchange a security at a set price.

In domain of finance, the style or family of particular option can be regarded as the class that the option falls into, and this can be defined using dates that the option could be exercised. Most options usually fall as European or American options. It should be noted that An American option can be exercised at any time during its life. These should be noted;

✓A put option will always be exercised at maturity if the strike price is greater than the underlying asset price.

.A call option will always be exercised at maturity if the underlying asset price is greater than the strike price

Facts about

4 0
3 years ago
Why is your amount owed considered when determining your credit score?
ankoles [38]

Answer:

Owing cash on credit accounts doesn't really mean you're a high-hazard borrower with a low credit Score. Notwithstanding, when a high level of an individual's accessible credit is been utilized, this can show that an individual is overextended, and is bound to make late or missed installments.

The amount owed on different accounts decides 30% of the FICO score. Aside from the general amount owed, the FICO scores think about the amount claimed freely on explicit accounts. On the off chance that you utilize a noteworthy part of the credit you are qualified for, it can negatively affect the FICO scores. Be that as it may, utilizing a less amount from as far as possible allowed can give you a superior score than not utilizing the credit by any stretch of the imagination.  

3 0
3 years ago
Financial statement analysis involves all of the following except:
lora16 [44]

Answer:

The correct answer is does not assure the company that it will be more profitable in the future.

Explanation:

Financial statements is the one of the most important statements for the company which is prepared or made by the management of the company, it represents the financial position and the performance for a particular period.

It involves the income statements, statement of cash flows, balance sheet and statement of owner's equity.

It analysis the profit, transform the data so that can be used in decision making. But does not assure the company that it will be more profitable in the future.

3 0
3 years ago
Larry is part of the Board of Governors that manages U.S. Monetary policy. He has been elected by the President to serve a singl
mylen [45]

Answer:

Federal Reserve

Explanation:

Federal Reserve System is the financial institution and the central bank of the U.S. The institution provides financial aid to the country. It helps in regulating and maintaining the financial and banking service of the country. All the requirements and responsibilities of the Federal Reserve are laid on the Board of Governors. They help in setting the rate of the discount and rate of interest on the loans.

In the given excerpt, Larry is the part of the Board of Governors in the Federal Reserve System.

7 0
4 years ago
Products that the consumer does not know about or knows about but does not initially want are referred to as
marin [14]
<span>Products that the consumer does not know about or knows about but does not initially want are referred to as unsought product. they only buy this product out of danger or it is required. the common unsought products are fire extinguisher and funeral services</span>
8 0
3 years ago
Other questions:
  • How has banking changed in the past 200 years of our nation's history?
    8·1 answer
  • A lag strategy involves Multiple Choice delaying collection of foreign currency receivables if that currency is expected to depr
    8·1 answer
  • Which of the following devices imparts ownership in a corporation?
    5·1 answer
  • If Kevin is currently insured under Leroux for his medical insurance under Plan A, how will the proposed changes affect his heal
    13·1 answer
  • USA Airlines uses the following performance measures. Classify each of the performance measures below into the most likely balan
    12·1 answer
  • Pick a number from 1 to 50 winner gets 30 points. You can comment or answer on this question.
    9·2 answers
  • Which of the following best describes what a manager does?
    15·2 answers
  • Granville Transportation, a designer and manufacturer of self-driving buses and streetcars, is working on developing the next ge
    10·1 answer
  • a buyer uses a perpetual inventory system, and it purchased $4,000 of merchandise on credit terms of 2/10, n/30 on december 5. l
    13·1 answer
  • What do economies of scale, the ownership of essential raw materials, and patents have in common?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!