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
Margarita [4]
3 years ago
15

If a department that applies process costing starts the reporting period with 40,000 physical units that were 80% complete with

respect to direct materials and 50% complete with respect to direct labor, it must add 8,000 equivalent units of direct materials and 20,000 equivalent units of direct labor to complete them.
a. true
b. false
Business
1 answer:
andriy [413]3 years ago
8 0

Answer:

True

Explanation:

<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows: </em>

Equivalent units = Degree of work done(%) × units of inventory

Equivalent units

<em>Direct material:</em>

Balance of work = 100-80 = 20%

Equivalent of work to be added = 20% × 40,000 = 8,000

<em>Labour</em>

Balance of work = 100-50= 50%

Equivalent of work to be added =50% × 40,000 = 20,000 units

                                    <em>Equivalent of work to be added(units)</em>

Material                               8000                                  

Labour                               20,000

You might be interested in
Explain whether you agree or disagree with the leadership style that was determined for you. Why?
jeka57 [31]

Answer:

I agree because it taught me how to be a tood person, and wpone that is smart academically and in life

Explanation:

6 0
3 years ago
Inferring Transactions from Financial Statements
denpristay [2]

Gap's cost of goods sold is $10,258 million and Cash paid to supplier is $10,447 million.

Let understand that Cost of good sold refers to amount of expenses incurred to produce the goods produced by a firm.

  • The formulae for deriving the Cost of Goods Sold is {Beginning Inventories + Purchases – Ending Inventories}.

  • Information given are <em>Purchased inventories $10,392, Ending inventories $2,131 and Beginning inventories $1,997</em>

<em />

Cost of goods sold = $1,997 + $10,392 - $2,131

Cost of goods sold = $10,258

  • In conclusion, the amount of Gap's cost of goods sold is $10,258

Let understand that Cash paid to accounts payable refers to net amount paid to supplier of goods.

  • The formulae for deriving the Cash paid to accounts payable is  Beginning balance for 2015 + Purchases - Ending balance for 2015

Cash paid to accounts payable = $1,181 + $10,392 - $1,126

Cash paid to accounts payable = $10,447

  • In conclusion, the amount of Gap's Cash paid to supplier is $10,447

Learn from similar solution here

<em>brainly.com/question/16805564</em>

6 0
2 years ago
Suppose Farmer Lane grows and sells cotton in a perfectly competitive industry. The market price of cotton is ​$1.64 per​ kilogr
Talja [164]
This is a cool question
3 0
3 years ago
The United States may have a tariff on cotton products from China in order to. a. prevent Chinese manufacturers from losing prof
ivolga24 [154]
The United States may have a tariff on cotton products from China in order to protect the business of the American cotton growers and manufacturers. The correct answer is B. 
3 0
4 years ago
Read 2 more answers
Critical aspects of a successful investigation include thorough planning and preparation, efficient information management, a fo
Vlad1618 [11]

Answer:

an advanced role definition and delineation of responsibilities

Explanation:

According to my research on the investigation procedures, I can say that based on the information provided within the question the last thing missing would be an advanced role definition and delineation of responsibilities. This basically means assigning certain tasks and responsibilities to all those involved in order for the investigation to go smoothly and so that nobody causes interference in the other's task.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
Other questions:
  • a machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. WHa
    8·1 answer
  • What is the difference between patronage and the merit principle?
    5·1 answer
  • Rachel Bailey was quickly hired out of Santa Clara University during the dot-com boom to a company of 100 employees that ran an
    14·1 answer
  • Form a correct sentence by unscrambling the following sentence en el espanol hay vocales cinco
    11·1 answer
  • What is capital vocation​
    10·1 answer
  • There is a principal balance of $84,902.13 on a mortgage. The interest rate is 7.75% per annum. The taxes and insurance total $1
    11·1 answer
  • Define lifestyle goals
    6·1 answer
  • Suppose sellers of liquor are required to send $5.00 to the government for every bottle of liquor they sell. Further, suppose th
    15·1 answer
  • Shiffon Electric Group wants to enter the European market via a wholly owned subsidiary where there are already well-established
    10·1 answer
  • A firm's attempts to shorten the length of time a process takes, may lead to disappointing outcomes because of ______.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!