Answer:
67,840 units
Explanation:
The computation of the equivalent units for material by using the FIFO method is shown below:
<u>Particulars Unit Percentage completion Equivalent units</u>
Opening
inventory 4,000 units 50% 2,000 units
Completed
& transferred
(67,000
- 5,800) 61,200 units 100% 61,200 units
Closing
inventory 5,800 units 80% 4,640 units
Total 67,840 units
Answer:
there is no deadweight loss.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.
Answer:
b. decrease by $1,000
Explanation:
There is an option below the question ask for details
For computing the profit or loss, first we have to determine the variable cost per unit which is shown below:
= Total variable cost ÷ Number of cases sold
= $144,000 ÷ 9,000 cases
= $16 per cases
The total variable cost would be
= $126,000 + $18,000
= $144,000
And, profit per case is $15
So, the loss per case would be
= $15 per case - $16 per case
= -$1 per case
So, the total loss would be
= 1,000 cases × $1
= $1,000 decrease
Answer:
Overhead budget:
Variable overhead= 274,400
Fixed overhead= 180,000
Total overhead= $454,400
Explanation:
Giving the following information:
Production= 4,900 units
Each unit requires 5 hours of direct labor at a rate of $16 per hour.
Variable factory overhead is budgeted to be 70% of direct labor cost
Fixed factory overhead is $180,000 per month.
First, we need to determine the direct labor cost:
Direct labor cost= (4,900*5)*16= $392,000
Now, we can calculate the overhead budget:
Overhead budget:
Variable overhead= (0.7*392,000)= 274,400
Fixed overhead= 180,000
Total overhead= $454,400
If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.
<h3>Assets</h3>
Using this formula
Assets=Equipment+Cash+Supplies+Accounts receivable
Where:
Equipment=$246000
Cash=$216000
Supplies=$33000
Accounts receivable=$92500
Let plug in the formula
Assets=$246,000 + $216,000 + $33,000 + $92,500
Assets =$587500
Therefore If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.
Learn more about assets here:brainly.com/question/11209470
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