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
kykrilka [37]
3 years ago
5

In the Shaping Department of Furs Industries the unit materials cost is $5.00 and the unitconversions cost is $3.00. The departm

ent transferred out 12,000 units and had 1,500units in ending work in process 20% complete. If all materials are added at thebeginning of the process, the total cost to be assigned to the ending work in process is
Business
1 answer:
swat323 years ago
8 0

Answer:

total value of ending WIP inventory:       8,400

Explanation:

unit material cost: 5.00 dollar

ending work in proces inventory

materials equivalent units:

1,500 x 100% = 1,500

as the mateirals are added entire at the beginning of the process:

material cost: 1,500 x 5 = 7,500

conversion

1,500 x 20% = 300

300 x 3.00 = 900

total value of ending WIP inventory:

materials 7,500

conversion 900

total        8,400

You might be interested in
The current net profit of sigma inc. is $8 million, the market price of the stock is $65, and sales is $50 million. the net prof
IRISSAK [1]

The net profit margin, or simply net margin, measures how much net income or profit is generated as a percentage of revenue.

It is the ratio of net profits to revenues for a company or business segment. Net profit margin is typically expressed as a percentage but can also be represented in decimal form.

<h3>How do we calculate net profit margin?</h3>

Net profit margin is calculated by dividing the net profits by net sales, or by dividing the net income by revenue realized over a given time period.

<h3>What is good net profit ratio?</h3>

For example, in the retail industry, a good net profit ratio might be between 0.5% and 3.5%.

Other industries might consider 0.5 and 3.5 to be extremely low, but this is common for retailers. In general, businesses should aim for profit ratios between 10% and 20% while paying attention to their industry's average.

Learn more about net profit margin here:

<h3>brainly.com/question/22024991</h3>

<h3>#SPJ4</h3>

6 0
2 years ago
Mint Co.'s cash balance in its balance sheet is $1,300,000, of which $300,000 is identified as a compensating balance. Additiona
Natasha2012 [34]

Answer:

Correct option is B Yes and Yes

Yes - Compensating shall be reported, And Restricted shall also be reported.

Explanation:

Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.

Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.

Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.

Therefore correct option is B

Yes - Compensating shall be reported, And Restricted shall also be reported.

7 0
3 years ago
A flood damages a home that is in a community in early stages of participation in NFIP, but are not yet considered a participati
stepladder [879]

Answer:

$10,000

Explanation:

The National Flood Insurance Program (NFIP) allows property owners to buy insurance that protects them from damage caused by floods. But the NFIP is available only in participating communities.

In this case, the owner will receive up to $10,000 because it is covered under the Emergency Plan.

7 0
3 years ago
In the maturity stage, competitors compete on price and product features. They also attempt to differentiate their product to sa
nika2105 [10]

Answer: Coca-cola

Explanation:

Coca-cola as a soft drink has dominated the world since the 20th century but faces competition against drinks from other companies such as Pepsi and RC Cola.

In other to keep up their competitive edge and sell to more customers, the embark on extensive marketing campaigns that are catchy and memorable.

Coca-cola has also been differentiated over the years by introducing various flavors that are meant to appeal to different segments in the market such as  Diet Coke, Coca-Cola Zero Sugar, Coca-Cola Cherry and Coca-Cola Vanilla.

7 0
3 years ago
Too Young, Inc., has a bond outstanding with a coupon rate of 7 percent and semiannual payments. The bond currently sells for $1
Lapatulllka [165]

Answer:

Explanation:

I would need the pic attachment for this question in-order to be able to attempt the question.

5 0
4 years ago
Other questions:
  • Suppose the herfindahl indexes for industries a, b, and c are 7,200, 5,000, and 1,500, respectively. these data imply multiple c
    15·1 answer
  • During the adjusting process two transactions were missed. The first is for unearned rent revenue of which $450 was earned durin
    11·1 answer
  • Isis and Kelsey are forming a partnership. Isis will invest a piece of equipment with a book value of $7,500 and a fair market v
    12·2 answers
  • After several years of volunteering to play the piano and sing at a local nursing home, Callie decided the time was right to tap
    13·1 answer
  • For purposes of computing the WACC, if the book value of equity exceeds the market value of equity, then: the market value of eq
    10·2 answers
  • Nielsen PRIZM uses ________ segmentation to classify every U.S. household as one of 66 unique market segments based on the belie
    10·1 answer
  • What is marginal utility<br>​
    12·1 answer
  • Do internet search enhance our knowledge in animal/fish raising?​
    14·1 answer
  • Stripes Inc. has a noncontributory defined pension plan for its employees. During 2020, the company had service cost of $45,000,
    6·1 answer
  • 3.1.2 Give an example of taxes on products.​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!