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
Walter’s dividend is expected to grow at a constant growth rate of 6.50% per year. What do you expect to happen to Walter’s expe
denpristay [2]

Answer:

A. It will stay the same.

Explanation:

The formula to compute the dividend yield is shown below:

= (Annual dividend ÷ market price) × 100

Since in the question, it is given that the expected dividend is growing at the constant growth rate i.e 6.50%, so the expected dividend yield will remain the same in the future.  

As it shows a direct relationship between the growth rate and the dividend yield plus the market price is growing at a steady rate

3 0
3 years ago
If a firm belives tht some of its debtors may default and it should act on this by making sure tht all possible losses are recor
Maurinko [17]

Answer: Conservatism

Explanation: The conservatism concept can be ncept may be explained as an accounting principle which ensures that an organization tends to be very careful in handling its finances, with the conservatism concept, financial management often lean towards an approach which tends to play down future gains and concentrate more on potential chances of losses in the future. With such approach the organization tends to be very prudent in its financial management. In other words, conservatism shifts toward a tendency to understate its asset or income rather than overstate its asset.

8 0
3 years ago
"how can marketers utilize digital media to improve business?"
galina1969 [7]
<span>Marketers utilize digital media to improve business by (1) appealing to the millenial age of connecting in different social media sites (twitter, facebook, instagram, etc.); (2) active emailing and connecting to more formal platforms such as websites. Thru this, business is more spread to the community.</span>
4 0
4 years ago
In which of the following situations is having a good credit score important?
Gemiola [76]
What are the answer choices?
4 0
4 years ago
A(n) ________ market is a market in which goods or services are bought and sold illegally
SVEN [57.7K]
Are there any choices? I would say black market if that's a choice or if its a write-in question.
8 0
3 years ago
Other questions:
  • Suppose Hubert and Kate form a cartel and behave as a monopolist. The profit-maximizing price is $ per gallon, and the total out
    9·1 answer
  • Firms can use one, no more than two, of five entry modes to enter into international markets. Exporting, Licensing, Strategic Al
    15·1 answer
  • A firm would not be willing to produce in the long run at prices below this level because A. profit would be negative and the fi
    6·1 answer
  • At December 31, 2017, Windsor Corporation had a projected benefit obligation of $819,000, plan assets of $437,000, and prior ser
    11·1 answer
  • Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.3 cus
    7·1 answer
  • The form of international expansion which gives an organization high potential return because the organization does not have to
    6·1 answer
  • Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each dep
    7·1 answer
  • QUESTION 14
    9·1 answer
  • Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She price
    5·1 answer
  • An investment in labor helps a business increase productivity by:
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!