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
insens350 [35]
3 years ago
14

Assume that Delaware Ice Cream Company uses the FIFO method to calculate equivalent units. It has unit costs of $10 for material

s and a conversion cost of $30. There are 2,500 units in ending goods in process, 100 percent complete with respect to materials and 40 percent complete with respect to conversion. What is the total cost assignable to its ending work in process inventory
Business
1 answer:
romanna [79]3 years ago
4 0

Answer: $55,000

Explanation:

Material costs are $10 per unit and have been completed in regards to the 2,500 units.

Material cost = 10 * 2,500

= $25,000

Conversion costs are $30 per unit and have only been 40% completed.

= (40% * 2,500) * 30

= 1,000 * 30

= $30,000

Ending Work in Progress Inventory Cost =  Material Cost + Conversion Cost

= 25,000 + 30,000

= $55,000

You might be interested in
ay-Zee Company makes an in-car navigation system. Next year, Jay-Zee plans to sell 23,000 units at a price of $350 each. Product
Fittoniya [83]

Answer:

$21

Explanation:

The computation of the sales commission per unit sold is shown below:

= Selling price per unit × sales commission percentage

= $350 × 6%

= $21

By multiplying the selling price per unit with the sales commission percentage we can get the sales commission per unit and the same is shown above in the calculation part.

All other information is not relevant. Hence, ignored it

3 0
3 years ago
Benchmarking involves:
creativ13 [48]

Answer:

1. comparing how different companies perform various value chain activities and then making cross-company comparisons of the costs and effectiveness of these activities.

Explanation:

Benchmarking -

It is the method of comparing the business performance and the process like the cost , time and quality .

Benchmarking is also known as process benchmarking , or , best practice benchmarking .

It is the comparison among various companies , that how the company performs various value chain activities .

Hence , from the question , the correct statement for the given term is ( 1. ) .

5 0
3 years ago
Carly donated inventory (ordinary income property) to a church. She purchased the inventory last month for $100,000, and on the
MissTica

Answer:

$92,00

Explanation:

Base on the scenario been described in the question which we saw how Carly donated an to the church, when she purchased the gift, it was $100,000 but when she is to present the gift to the church, the fair market value became $92,000 which is her maximum charitable contribution deduction

the charitable deduction for ordinary income property is the lesser of fmv or basis limited to 50% of AGI

8 0
3 years ago
Any help 75 points
Lapatulllka [165]
Answer: law of supply
6 0
3 years ago
Read 2 more answers
When contemplating a product deletion, a firm studies customer migration patterns to determine: the profit contribution of the p
pentagon [3]

Answer: whether customers of the product would switch to other substitute products marketed by the same firm.

Explanation:

Customers regular move from one good to another or from one good to it's substitutes in a process called Customer Migration.

There are various reasons for this such as affordability, change in technology, trends and the like.

When a company contemplates ending a product line and decides to study customer migration patterns, they are checking to see what the customer will switch to when the product is deleted. If they make substitutes to the product to be deleted, they will be checking to see if the customers will switch to these substitutes if the product line is ended.

4 0
3 years ago
Other questions:
  • What factor led to the explosive growth of digital crime over the past few decades?
    15·1 answer
  • Summit Systems has an equity cost of capital of 11.5%, will pay a dividend of $1.50 in one year, and its dividends had been expe
    12·1 answer
  • Which one of these survey methods typically has the lowest nonresponse rate?
    9·1 answer
  • On January 1, year 1, a company grants 5,000 nonqualified stock options to an employee with a strike price of $3 per option and
    7·1 answer
  • As a newly appointed human resource manager, what is MOST necessary to have an understanding of that provides the basis for all
    15·1 answer
  • Give the full meaning of NERSA as well as the name of current chairperson of the organisation
    15·1 answer
  • Suppose that there is a French shipbuilder that imports American made aluminum for parts in its ships. The French shipbuilder ne
    5·1 answer
  • Over 50% of Americans have no long-term savings. Why do you think it's so
    15·1 answer
  • The unadjusted trial balance of PS Music as of July 31, 2016, along with the adjustment data for the two months ended July 31, 2
    11·1 answer
  • A(n) __________ is a set of guidelines for a business to follow when recruiting prospective employees.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!