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Contact [7]
3 years ago
7

Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 3,400 tons in beginning work in process inv

entory (80% complete) on October 1. During October, 55,900 tons were completed. The ending work in process inventory on October 31 was 2,800 tons (50% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?
Business
1 answer:
olga2289 [7]3 years ago
6 0

Answer:

Explanation:

The process adopted by Kraus steel is process cost. A process cost is used to assign cost when there is a mass production of identical goods with continuous and various stages of production

                                           Input      Conversion%       Output

Opening inventory           3,400             80                 2720

October process               55,900         100                55900

                                            59,300                                58620

Closing Inventory                   2800          50                  1400

Total units                               62100                               60020

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Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate
Vaselesa [24]

Answer:

Check the explanation

Explanation:

Increase in value of dollar has made the foreign steel (a major commodity used in production) cheaper for American producers.

This will reduce the cost of production of American Producers and would increase their profit-margin.

This will induce US firms to produce more and therefore there will be increase in short-run aggregate supply.

So, the given scenario will involve short-run aggregate supply curve and would shift the curve to the right.

Kindly check the attached image below to see the required graph -

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3 years ago
Spokes sells high-quality bicycles and accessories. The store is known for a pleasant environment, friendly salespeople, and an
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Answer:

Total Product

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Total Product is the term which is defined as the overall quantity of the output that the organization or the firm produces or manufacture, mostly specified in the relation to the variable input.

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3 years ago
Carl won 23,672 dollars that will be paid to him in full 6 years from now. Unfortunately, he needs cash right now to pay his cre
dusya [7]

Answer:

$17,664

Explanation:

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= $17,664

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3 years ago
ou own a portfolio that is 30 percent invested in Stock X, 20 percent in Stock Y, and 50 percent in Stock Z. The expected return
mixer [17]

Answer:

The expected return on the portfolio is:

= 13.2%

Explanation:

a) Data and Calculations:

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Stock X        30%            11%                3.3%

Stock Y        20%            17%               3.4%

Stock Z        50%            13%               6.5%

Total          100%                                13.2%

b) The expected return on the portfolio is the addition of the weighted returns from each investment.  The weighted returns are obtained by multiplying the percentage holding of each stock with its expected returns.

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3 years ago
QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2014: Cost of goods sold was
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Answer:

The correct answer is option (d) $1.3 billion.

Explanation:

Given Data:

inventory value under FIFO costing = $2.1 billion

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LIFO inventory is calculated using the formula;

LIFO inventory value at year-end 2014 = FIFO inventory - LIFO reserve

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                                                               = $1.3 billion

5 0
3 years ago
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