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Fofino [41]
3 years ago
10

The following information is available: Units in process, Dec. 1 (60 percent converted) 2,000 units Units in process, Dec. 31 (5

0 percent converted) 1,000 units Units started during the month 7,500 units Materials are added at the beginning of the process. How many equivalent units in process for conversion were there in December
Business
1 answer:
Veseljchak [2.6K]3 years ago
5 0

Answer:

Explanation:

<u>UNITS TO ACCOUNT FOR</u>:    

Beginning Work in Process units                                      2,000

Add: Units Started in Process                                      7,500

Total Units to account for:                                              9,500

<u>Equivalent Units</u>:    

                                                                UNITS                   Conversion cost

                                                                            % Completion      Units

Units completed                           8500 100%             8,500

Ending Work in Process                   1000 30%                        300

Total Equivalent units                           9500                      <u>8,800 </u>

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Monica Smith was unemployed because the steel company, where she worked, closed and moved overseas to a foreign country. Other s
Alenkinab [10]

Answer:

structurally unemployed.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

1. Cyclical unemployment rate (CU).

2. Frictional unemployment rate (FU).

3. Structural unemployment rate (SU).

Structural unemployment can be defined as an involuntary unemployment that arises as a result of the incompatibility between a worker's skills set and requisite skills an employer seeks from the workers or due to technological changes.

This ultimately implies that, it describes a situation where an individual isn't able to secure a job as a result of insufficient number of jobs matching their qualifications, thus limiting their opportunities.

In this scenario, Monica Smith was unemployed because the steel company, where she worked, closed and moved overseas to a foreign country. Other steel companies have also closed. Her skills are not transferable to another industry and she is unable to get a job.

Hence, she would be classified as structurally unemployed.

6 0
3 years ago
If the same number of units of good Y must be given up as each successive unit of good X is produced, then the PPF for these two
andrey2020 [161]

Answer:

PPF : Downward Sloping Straight Line

Explanation:

PPF is the locus of product combinations that an economy can produce, given resources & technology.

It is downward sloping : Because of inverse relationship between two goods- if one has to be increased other has to be decreased , because of same resources & technology.

Marginal Opportunity Cost (Slope of PPC): is ratio of a good sacrifised to gain each additional unit of the other good.

∆ Good sacrifised / ∆ Good gained

If this ratio is same i.e constant amount of a good is sacrifised to gain an additional amount of the other one , the slope of PPC is constant & it is a straight line

Eg : Good1    Good2     MOC [∆Good2/∆Good1]

      0               20             _        

      10             10           -10/10 = -1                  (10-20)/(10-0)

       20              0           -10/10 = -1                   (0-10)(/20-10)

So , same (1) good 2 is sacrifised to attain a good 1 each time.

However Generally: MOC is increasing , because of assumption that resources are unequally efficient in various goods production - shifting good from efficient to inefficient increases sacrifise each time. This makes PPC usually concave.

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3 years ago
Matt is saving to buy a new motorcycle. if he deposits ​$75 at the end of each month in an account that pays an annual interest
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3 years ago
Brenda owns a store in a small town. The store sells a small range of everyday and impulse products, such as chocolates, magazin
Monica [59]

Answer:

Convenience store

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a Convenience store is a retail store that provides a range of everyday products and impulse products. they are usually located in fuelling stations or along busy roads . these stores are usually opened for long hours

3 0
3 years ago
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The manufacturing cost of Calico Industries for three months of the year are provided below:
Delvig [45]

Answer:

b. $0.40 per unit and $8,000

Explanation:

High low method separates the fixed cost and variable cost using net of Highest activity level and Lowest activity level and net of their relevant costs.

According to High low method

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Variable cost per unit  = ( $120,000 - $74,000 ) / ( 280,000 - 165,000 )

Variable cost per unit  = $46,000 / 115,000

Variable cost per unit  = $0.4

Fixed operating cost = Total cost - Total Variable cost = $120,000 - ( 280,000 x $0.4 ) = $8,000

4 0
3 years ago
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