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
Given the following information, compute accounts receivable turnover. Gross sales $150,000 Accounts receivable, beginning of ye
STatiana [176]

Answer:

6.75

Explanation:

Given that,

Gross sales = $150,000

Accounts receivable, beginning of year = $18,000

Sales = $135,000

Accounts receivable, end of year = $22,000

Average accounts receivables:

= (Beginning AR + Ending AR) ÷ 2

= ($18,000 + $22,000) ÷ 2

= $40,000 ÷ 2

= $20,000

Accounts receivable turnover:

= Sales ÷ Average accounts receivables

= $135,000 ÷ $20,000

= 6.75

Note: Accounts receivable, end of year is missing from the question. It is amounted to $22,000.

5 0
3 years ago
Many experts say that the most distinctive skill a professional marketer might have is the ability to build and manage a​ ______
Cerrena [4.2K]
Many experts say that the most distinctive skill a professional marketer might have is the ability to build and manage a​ <u>brand</u>, <span>which can include a​ name, term,​ sign, symbol, or​ design, or a combination of these.
You know a lot of popular brands, such as Apple, Google, Coca-Cola, Samsung, Toyota, etc. that have managed to create an international recognition because their products are of high quality.</span>
6 0
3 years ago
When compared to static budgets, flexible budgets: a.encourage managers to use less fixed cost items and more variable cost item
ladessa [460]

Answer: d. offer managers a more realistic comparison of budgeted and actual revenue and cost items under their control.

Explanation: A flexible budget is a budget that is flexible, in that it changes with changes in volume or activity.  It reflects the expenditure appropriate to various levels of output and offers managers a more realistic comparison of budgeted and actual revenue and expenditure under their control  that is applicable for that particular level of activity attained or achieved. As such it is far more useful and sophisticated than the static budget (whose budget amounts do not change) prepared before the fiscal period began when the production/activity level was uncertain.

4 0
3 years ago
Read 2 more answers
What is a Product? (Give me one example)​
VARVARA [1.3K]
Is this for science ?A product is what’s left after a chemical reaction ,reactants transform a product during a chemical reaction
8 0
2 years ago
Read 2 more answers
1.) What are the three personal traits that help you most in the business world?
Kamila [148]

Answer:

Curiosity. Technology develops at different rates and in different ways around the world.  

A Sense of Impatience. Entrepreneurs need impatience in order to recognize inefficiencies  

Sociability. It’s important for any entrepreneur to have a good network of like-minded people to

Explanation:

8 0
3 years ago
Other questions:
  • When Japanese carmakers attacked the existing U.S. automobile market by first offering small fuel-efficient cars, and then lever
    15·2 answers
  • Which of the following dimensions of leadership behavior refers to the extent to which leaders take action to define the relatio
    6·2 answers
  • Exhibit 35-4 Refer to Exhibit 35-4. Under a fixed exchange rate system, at the exchange rate of E 3, the dollar is __________ an
    15·1 answer
  • Problem 9-20 Two investment advisers are comparing performance. One averaged a 16% rate of return and the other a 15% rate of re
    14·1 answer
  • A bond has a current yield of 9% and a yield to maturity of 10%. Is the bond selling above or below par value?
    14·1 answer
  • The disaster recovery team will be made up of many different people in the __________ who have a stake in the outcome of recover
    11·1 answer
  • What is professionalism?
    7·2 answers
  • Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transa
    6·1 answer
  • A firm is considering moving from the United States to Mexico. The firm pays its U.S. workers $30.00 per hour. Currently, U.S. w
    10·1 answer
  • A monopolistically competitive firm is one:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!