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3 years ago

EA3.

Business

1 answer:

icang [17]3 years ago

3 0

Answer:

3,000 units and 1,950 units

Explanation:

For computing the equivalent units of ending work in process for materials and conversion cost, first we have to determine the ending work in process units which is shown below:

Ending work in process units = Beginning inventory + units started - units completed and transferred

= 2,500 units + 18,000 units - 17,500 units

= 3,000 units

Now the equivalent units of ending work in process for materials would be

= 3,000 units × 100%

= 3,000 units

And, for conversion cost it would be

= 3,000 units × 65%

= 1,950 units

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Based on his preferences, Bill is willing to trade 5 movie tickets for 1 ticket to a basketball game. If movie tickets cost $1

Leviafan [203]

Answer:

Bill shouldnt trade movie tickets for basketball tickets, since MRS > Pb/Pm.

Explanation:

Price ratio = Pb/Pm

= $46/$10

= 4.6

MRS = 5/1

= 5

MRS > Pb/Pm

Therefore, Bill shouldnt trade movie tickets for basketball tickets, since MRS > Pb/Pm.

4 0

3 years ago

Grizzly Company had Retained Earnings at December 31, 2018 of $300,000. During 2019, the company had revenucs of $600,000 and ex

scZoUnD [109]

Answer:

b. $358,500

Explanation:

Given;

Retained Earnings at December 31, 2018 = $300,000

In 2019,

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Expenses = $525,000

Declared and paid dividends = $16,500

Retained earnings on the balance sheet as of December 31, 2019

= $300,000 + $600,000 - $525,000 - $16,500

= $358,500

The right option is b. $358,500

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3 years ago

Managers do not need to motivate employees to want to do their jobs efficiently and effectively.

Zielflug [23.3K]

False because I believe it is

7 0

2 years ago

Downward Dog Wines had to market its products with a different name in a foreign market as it was mandatory to translate the nam

andrey2020 [161]

Answer:

Legal requirement

Explanation:

When a firm or an organisation tries to enter an international or foreign market, there are few regulations which are compulsory to follow. Legal requirements are usually enforced by the local government to ensure transparency and the rule of law. It is mandatory to change a company's name into the local language before marketing. It is a legal requirement that is mandatory to follow.

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3 years ago

Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all cos

Juli2301 [7.4K]

Answer:

WIP inventory 68,000 debit

Factory Overhead 8000 debit

Raw Materials Inventory 76,000 credit

WIP inventory 55.000 debit

Factory Overhead 12,400 debit

Factory Payroll payable 77,400 credit

WIP inventory 31,250 debit

Factory overhead 31,250 credit

Finished Goods Inventory 73,750 debit

WIP inventory 73,750 credit

Explanation:

Direct Materials used:

10,000 + 20,000 + 24,000 + 14,000 = 68,000

Direct Labor used:

8,000 + 17,000 + 18,000 + 12,000 = 55,000

Overhead Applied:

6,000 + 12,750 + 13,500 + 9,000 = 31,250

Overhead rate:

6,000 / 8,000 = 0.75

12,750 / 17,000 = 0.75

Finished goods:

24,000 + 49,750 = 73,750

7 0

3 years ago