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2 years ago

Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:

Business

1 answer:

Alex73 [517]2 years ago

3 0

Answer:

Equivalent units of Production = 46500 & 37800

Explanation:

At the start of October, Clonex Labs inc, started with 385000 units into production and at the end of the month it had completed 409000 units this means the difference between 409000 and 385000 is the number of units transferred to the next department (i.e 24000), now that we have computed this, we find ending work-in-process as follows:

Clonex Labs, Inc. Materials Conversion

Units transferred to the next department: 24000 24,000

Ending work in process :

Materials : 30000x75% 22500

Conversion : 30000x46% 13800

------------- -------------

Equivalent units of Production = 46500 37800

========= ========

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3 years ago

As measured in 2008, about _________ of U.S. trade and ________ of European trade is intra-industry trade.

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Based on information available, as measured in 2008, about 60 percent of U.S. trade and 60 percent of European business is intra-industry trade.

<h3>What is intra-industry trade?</h3>

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The intra-industry trade is common in international markets where related features are exchanged between countries.

Based on the information released in 2008, the intra-industry trade takes a massive part of the USA and Europe trade, with 60 percent each.

Hence, in this case, it is concluded that intra-industry trade is a common phenomenon in the international market.

Learn more about Intra-industry trade here: brainly.com/question/8495793

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2 years ago

What questions should you ask yourself to help you analyze your audience? 1. How can I relate this information to my listeners’

jek_recluse [69]

Answer:

4. What will help to make my points most effective: facts, statistics, or anecdotes?

5. What is the educational level of my audience?

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2 years ago

Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a

maw [93]

Answer:

Income statement for year 1

Service revenue $180,000

Operating expenses:

Employees salaries $85,000
Utilities $32,500
Insurance expense $19,500 <u>$137,000</u>

Net income $43,000

Income statement for year 2

Service revenue $230,000

Operating expenses:

Employees salaries $95,000
Utilities $30,000
Insurance expense $19,500 <u>$144,500</u>

Net income $85,500

Year 1 accounts receivable balance = $180,000 - $155,000 = $25,000

Year 2 accounts receivable balance = $230,000 - $185,000 + $25,000 = $70,000

Cash flows from operating activities year 1:

Net income $43,000

Adjustments to net income:

Increase in accounts payable $5,000

Increase in accounts receivable ($25,000)

Increase in prepaid insurance ($39,000)

Net cash provided by operating activities ($16,000)

Cash flows from operating activities year 1:

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Increase in accounts receivable ($45,000)

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3 years ago

A car repair shop has two hoists where cars can be lifted for repair work. Currently customers come in at the rate of 4 per hour

Agata [3.3K]

Answer:

The Cars wait an average of 1.67 hours before being served at routine repairs.

The Cars wait an average of 3 hours before being served at major repairs.

Explanation:

At the routine repair hoist, 5 people waiting on average hence the Inventory (I) = 5 cars. The cars are processed at a rate of 3 per hour, hence the Throughput (R) = 3 cars per hour.

Therefore the Flow time (T) = I/R = 5/3 = 1.67 hours.

The Cars wait an average of 1.67 hours before being served at routine repairs.

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Therefore the Flow time (T) = I/R = 3/1 = 3 hours.

The Cars wait an average of 3 hours before being served at major repairs.

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3 years ago