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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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Imagine you own a food truck that sells gourmet vegan tacos. You rely on many suppliers, all of which also supply their goods to
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Answer:

A

Explanation:

Because there are plenty of suppliers for some goods, the food truck owner is more powerful in this case than the suppliers. Here the power of suppliers is low

For the other goods with only a single supplier. the supplier has more powerful than the taco seller. here the power of supplier is high. If the supplier increases price, the taco seller would most likely have an inelastic demand and would be at the mercy of the supplier

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2 years ago
Managers can be classified in terms of either their level in the organization at which they work and or their area of specializa
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Answer is true.

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5 0
3 years ago
Within the relevant range, variable costs can be expected to: Multiple Choice remain constant in total as the activity level cha
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Vary in total in direct proportion to changes in the activity level. As this cost increase or decrease, the output level.

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On May 3, 2020, Cheyenne Company consigned 90 freezers, costing $480 each, to Remmers Company. The cost of shipping the freezers
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Answer and Explanation:

The computation is shown below;

a.

Inventory Unsold in Hand (90-45) 45

Unit cost Unsold (45 × 480) $21,600.00

Shipping cost on Unit Unsold (850 ÷ 90 × 45) $425.00

Value of Inventory (21600 + 425) $22,025.00

b.  

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Less: Cost  

Unit cost Sold (21600+425) -$22,025.00

Comission of Consignee (35,100 × 6%) -$2,106.00

Advertising cost -$210.00

Installation cost -$330.00

Net Profit $10,429.00

c.  

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Advertising cost -$210.00

Installation cost -$330.00

Net Remittance made by consignee $32,454.00

5 0
3 years ago
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