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riadik2000 [5.3K]
3 years ago
11

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

Business
1 answer:
Alex73 [517]3 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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Answer:

$10.10

Explanation:

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Consumer surplus = willingness to pay of a consumer - price of the good

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Producer surplus = price of the product - least price the producer is willing to sell his product

Consumer surplus

Jeff :  $7.25 - $5 = $2.25

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Total consumer surplus = $2.25 + $4 = $6.25

Producer surplus

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2nd manufacturer = $5 - $3.15 = $1.85

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Total social welfare = $3.85 + $6.25 = $10.10

I hope my answer helps you

4 0
3 years ago
A stock has an average expected return of 10.8 percent for the next year. The beta of the stock is 1.22. The T-Bill rate is 5% a
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