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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

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One posture that places a person at risk for injuries from poor ergonomic practices is slumping, not sitting properly and placement of keyboard, mouse and not maintaining the recommended distance from screen.
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4 years ago
A monopolist that practices perfect price discrimination has the same deadweight loss triangle as the single-price monopolist.
beks73 [17]

Answer:

The correct answer is the option B: False.

Explanation:

To begin with, the price discrimination strategy refers to a technique used by the companies in order to charge different prices to the different consumers regarding the fact of how much would they be able to pay for the product. When it comes to monopolies, a perfect price discrimination strategy would try as best as possible to capture the majority of the zone known as the <em>"consumer surplus"</em>. And that is why that a company with a perfect price discrimination would face a small deadweight loss area due to the fact that with that strategy of price the monopolist will absorve as much as possible of that area becuase the triangle is half consumer surplus and half producer surplus.

7 0
3 years ago
Andrea is an accountant who lives in the state of Texas. Which tax is she not responsible to pay?.
vladimir1956 [14]

In the states of texas, Andrea is not responsible to pay the inheritance tax as there are no applicability of inheritance tax in texas.

What do you mean by tax?

Tax is an obligatory payment made by the citizens or corporations to the government. These taxes are the major sources of revenue for the government.

As Andrea works as an accountant and lives in Texas, she is exempt from paying the inheritance taxes as this tax is repealed by the state.

Thus, Andrea is not responsible to pay inheritance tax.

Learn more about Tax here:

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7 0
3 years ago
On March 3, ABC purchased a desk for $450 on account. On March 22, ABC purchased another desk for $500 also on account, and then
Anna007 [38]

Answer:

A. $950

Explanation:

Proper documentations of payments, purchases and income in any company is very necessary for growth.

From the question, the following transaction occured:

  1. March 3 => a desk was purchased for $450
  2. March 22 => another desk was purchased for $500
  3. March 24 => $400 was paid on account.

To know the amount that ABC should report for desks, the two transaction for desk should be summed and the result will be the amount that should be recorded.

Therefore,

$450 + $500 = $950.

4 0
3 years ago
Read 2 more answers
Lois and Peggy are the only two accountants at a construction company. They split the accounting work in the company according t
Lapatulllka [165]

Answer:

Job sharing

Explanation:

Job sharing is a sort of adaptable work course of action in which two individuals work to finish the work one individual would do in a self-contained all day job. In job-sharing agreement, two people handle work, and they share salaries. Hours can change: They may cooperate some portion of the week, and they may never observe one another.

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3 years ago
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