Costs that remain constant in total dollar amount as the level of activity changes are called Group of answer choices

Flint Corporation purchased from its stockholders 5,200 shares of its own previously issued stock for $254,800. It later resold

Marizza181 [45]

Answer:

The journal entries are as follows:

(i) Cash A/c(1,825 × $52) Dr. $94,900

To Treasury stock(1,825 × $49) $89,425

To paid in capital from Treasury stock(1,825 × $3) $5,475

(To record the purchase at $52)

(ii) Cash A/c(1,825 × $47) Dr. $85,775

paid in capital from Treasury stock(1,825 × $2) A/c Dr. $3,650

To Treasury stock(1,825 × $49) $89,425

(To record the purchase at $47)

(iii) Cash A/c(1,550 × $41) Dr. $63,550

paid in capital from Treasury stock A/c Dr. $1,825

Retained earnings A/c (1,550 × $8) Dr. $10,575

To Treasury stock(1,550 × $49) $75,950

(To record the purchase at $41)

3 0

3 years ago

The MixingMixing Department of Fresh FoodsFresh Foods had 50 comma 00050,000 units to account for in OctoberOctober. Of the 50 c

xenn [34]

Answer:

Fresh Foods

Equivalent Units for October:

a) Direct Materials: Units % of completion Equivalent Units

Completed & transferred out 25,000 100% 25,000

Ending work in process 25,000 100% 25,000

Total equivalent unit for direct materials = 50,000

b) Conversion costs: Units % of completion Equivalent Units

Completed & transferred out 25,000 100% 25,000

Ending work in process 25,000 35% 8,750

Total equivalent unit for conversion costs = 33,750

Explanation:

Equivalent unit of production is an expression of the amount of work done on units of output to show the degree of completion in an accounting period with regard to work in process. When the degree of completion (usually a percentage) is applied to the physical units in process, then the resulting figure is the equivalent units completed.

The calculation of equivalent units helps in the allocation of costs to units in the process of production. Usually, additional conversion costs will be incurred in subsequent periods on the partially completed units to add to the already incurred costs in the current period unlike with fully completed units.

Equivalent units are always 100% complete as to direct materials but less for other manufacturing processes.

7 0

3 years ago

What shows the quantities of products demanded at each price by all consumers in a market?

e-lub [12.9K]

A market demand schedule

5 0

3 years ago

Read 2 more answers

Outsourcing is becoming more and more common, but it is a controversial idea in the United States. Why do you think this is such

aliya0001 [1]

Answer:

Outsourcing is a contested idea because the original company loses control of the job they are trying to complete. Outsourcing is a bad idea because it also causes jobs to be lost. (you might want to change the wording a bit.)

Explanation:

8 0

3 years ago

A speaker says, "because the japanese make the best stereo sound systems in the world, you should consider buying a japanese-mad

Advocard [28]

<span>The speaker is using the fallacy of building on an unproven assumption. The speaker has made the assumption that the Japanese make the best stereo sound systems in the world. This is merely his/her opinion, and is not a proven fact. Thus, when the speaker bases another argument on that assumption, he has used a fallacy in reasoning.</span>

7 0

3 years ago