Answer:
C. 66,000
Explanation:
Ending Work in Process (WIP) = Beginning Work in Process + Units Started into Production - Units Completed and Transferred
Ending WIP = 6,000 * 100% + 60,000 - 50,000 = 16,000
Equivalent Units of Production (EUP) = Units Completed + Units Ending WIP x % of conversion
EUP = 50,000 + 16,000 * 100 = 66,000
The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices which is in terms of entertainment, food, and shopping. Thus, statement B is correct.
<h3>What do you mean by opportunity cost?</h3>
In microeconomic theory, the opportunity cost of a particular activity alternative is the loss of price or advantage that could be incurred through engaging in that activity, relative to engaging in an alternative activity providing a better return in value or advantage.
The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices in terms of entertainment, food, and shopping. Thus, statement B is correct.
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The statement that the WTO was formed by countries that conduct the majority of international trade is TRUE.
<h3>Who formed the World Trade Organization?</h3><h3 />
The World Trade Organization (WTO) was established by 123 nations around the world in 1994 with the signing of the Marrakesh Agreement.
The World Trade Organization was able to become so influential in regulating trade because these 123 nations were the major players in international trade.
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Answer:
Unitary contribution margin= $2.2
Explanation:
Giving the following information:
Tons of cement produced and sold 240,000
Sales revenue $1,008,000
Variable manufacturing expense $439,000
Variable selling and administrative expense $41,000
<u>First, we need to calculate the total contribution margin:</u>
Total contribution margin= 1,008,000 - 439,000 - 41,000
Total contribution margin= $528,000
<u>Now, the unitary contribution margin:</u>
unitary contribution margin= 528,000/240,000
unitary contribution margin= $2.2
Answer:
Target cost = $30
Explanation:
<em>Target cost is derived by subtracting a desired profit margin from a competitive selling price. It represents the cost at which a company must produce in order to achieve a desired profit</em>
For Ortega Company, the target cost per hard drive can be determined as follows:
Target cost per unit = Competitive selling - Profit per unit
= 42- 12
= $30
