Answer:
$95,400
Explanation:
Step 1 : Find the equivalent units of production in Ending Work in Progress
Materials = 18,000 x 100 % = 18,000 units
Conversion costs = 18,000 x 60 % = 10,800 units
Step 2 : Calculate the Cost of units in Ending Work in Progress
Cost of units in Ending Work in Progress = 18,000 x $2.75 + 10,800 x $4.25
= $95,400
Conclusion :
The ending work in process inventory was $95,400.
The answer is C. Increased demand
Answer:
Option "C" is the correct answer to the following question.
Explanation:
Cost of goods sold includes all types of expenses related to a product.
Any type of expenses during the year can be adjusted in the cost of goods sold for that product. underdeveloped or overdeveloped overhead can also be adjusted in the cost of goods sold for the particular year.
so the correct answer to the given statement is the Cost of Goods sold.
Answer:
-0.20
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
Substitute goods are goods that can be used in place of another good.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Complementary goods are goods that are consumed together
Cross Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 16 million - 14 million = 2 million
Average = (16 million + 14 million) / 2 = 15 million
2 / 15 = 0.133
midpoint change in price = change in price / average of both price
change in price = 1 - 2 = - 1
average of price =(2 + 1) / 2 = 1.5
-1/1.5 = -0.67
0.1333 / -0.67
Answer:
C) Any of the above (or below)
- B) The potential that another government could unilaterally dissolve the entity and assume their assets and liabilities
- D) The power to enact and levy a tax.
- E) The power to directly issue debt, for which its interest is exempt from federal taxation
Explanation:
Government Accounting Standards Board (GASB) is a private non-governmental organization that develops accounting standards that state and local governments must follow. The GASB works along with the Federal Accounting Standards Advisory Board (FASB), which is the organization that develops accounting standards for the federal government.
Both the GASB and the FASB help to ensure that financial information regarding the use of public funds is standard across different government entities.
