Answer:
The equivalent units of of materials in September = 62,400 units
Explanation:
<em>Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work</em>
Equivalent Units = Degree of work completed (%) × inventory units
Items units workings Equivalent units
Completed unit 58,500 58,500× 100% = 58,500
Closing WIP 6,500 6,500 × 3/5 = <u>3,900</u>
Total equivalent units of materials <u>62,400.</u>
The equivalent units of of materials in September = 62,400 units
Answer:
Do you have any answer choices?
Explanation:
Answer:
C :Job 1000, $1,860; Job 1001, $3,100
Explanation:
The computation of the total cost is shown below:
For Job 1000:
= Direct materials + Direct labor hours × wage rate per hour × Direct labor hours × overhead rate per hour
= $1,200 + 30 × $15 + 30 × $7
= $1,200 + $450 + $210
= $1,860
For Job 1001:
= Direct materials + Direct labor hours × wage rate per hour × Direct labor hours × overhead rate per hour
= $2,000 + 50 × $15 + 50 × $7
= $2,000 + $750 + $350
= $3,100
Answer:
The answer is Y = C + I + G + NX
Explanation:
National income can be represented as: Y = C + I + G + NX
where Y is the national income
C is the consumers' consumption or households' expenses on goods and services
I is the firms' investment. Investment done by businesses on procuring non-current assets used in production
G is the government expenditure.
NX is the net export. Net export is the difference between the total value of export and total value of import in a year.
The answer to the statement above is what to produce? and how to produce?. basically having the statement that Alpaca Yarn employs factory workers to hand spin wool yarn and fabric in a workshop on the company farm lacks the question as to what product would the make with the yarn and fabric and the volume that they'll be making.
