Answer:
How many units are in process at May 31?
physical units ending WIP: 740
equivalent units WIP materials: 740
equivalent units WIP conversion: 296
Explanation:
We will add the beginning and started units, then subtract the trasnaferrd out to get the ending WIP inventory.
physical units:
beginning 490
started 1,650
transferred-out<u> (1,400) </u>
ending 740
Now we will multiply by the percentage of completion to get the equivlent units of WIP on each category:
<u>equivalent units for ending WIP:</u>
materials 740 x 100% = 740
conversion 740 x 40% = 296
I would say the third sentence. Proper planning and supervision is of utmost importance while catering to the client. I say this because the word diligence means, careful and persistent work or effort. This shows that the work is carefully planned. That's my opinion and not a fact so don't trust this unless my reasoning convinces you.
Answer:
<em>When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.</em>
Explanation:
When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.
Absorption costing system is that where units of products and inventories are valued using full cost. Full cost implies that each product would be charged for an amount of the<em> fixed production overhead </em>in addition to the variable cost.
The fixed overhead is charged using a predetermined overhead absorption rate.
Answer:
People avoid carbohydrates, because they have a high calory density.
Cost per unit
(300,000÷15,000)+20=40
Current profit
50×15,000−40×15,000=150,000
Profit change
60×15,000−40×15,000=300,000
units will knoll need to sell for profit to remain the same as before the price change is
(150,000+300,000)÷40=11,250
