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Ahat [919]
3 years ago
7

The jones corporation uses a process system. during the current​ period, 2,500 units were started and​ 1,100 units were complete

d and transferred out. ending units were​ 60% complete for materials and​ 45% complete for conversion costs. direct materials costs added were​ $35,405 and conversion costs added were​ $32,870. there was no beginning wip inventory and conversion costs are added evenly throughout the process. at the end of the​ period, the total equivalent units for direct materials are
Business
1 answer:
Anuta_ua [19.1K]3 years ago
7 0

In order to find total equivalent units lets understand the term equivalent units. Equivalent units refer to units which have been processed fully, these units will also include the beginning and ending balance of Work in process inventory. In the given problem there is not beginning balance WIP, thus we shall first calculate total no of units that have been completely processed as below:

Units completely processed= Total Units put in-Ending Inventory

=2500-1100

=1400units

Thus Units completed will be 1400 units for both Materials and conversion cost.

We now find equivalent units completely processed for Materials in the ending invnetory.

Ending Inventory=1100 units, Since 60% of it is completed with respect to materials, the equivalent units= 660 units

Thus total equivent units for direct materials= 1400 units+660units

=2060units.

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Tell whether the statement is TRUE or FALSE. Deregulation always leads to lower prices for the consumer.
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5 0
3 years ago
Which of the following is the Federal Reserve unable to directly do
Alja [10]

Answer:

Increase and decrease the interest rate in the economy by a certain percentage

Explanation:

The Federal Reserve can influence the prevailing interest rates. However, it cannot increase or decrease the interest rate in the economy by a certain percentage. The Federal Reserve influences interests rate by adjusting the fed funds rate.  The feds fund rate is the interest rate that banks charge each other when they borrow from each other.

The Federal Reserve can lend to commercial banks, Adjust reserve requirements, and buy and sell U.S. securities.

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2 years ago
Suppose Joe contracts with Marvin to frame out a shop at Joe's ranch for $10,000. During the framing Marvin discovers the costs
Marina CMI [18]

Answer:

unenforceable;

preexisting duty

Explanation:

Preexisting Duty Doctrine

This is simply regarded as when an individual is already under an obligation to do something. It simply states that the rules and guidelines under contract law that shows that if a party to a contract is under a pre-existing duty to perform, then no second thought (consideration) is taken for the modification of the contract. Modification is then voidable.

3 Types of Legal Duties

1.  Public Legal Duties such ad the duty of a police officer to protect lives and properties.

2.  Contractual Legal Duties such as unperformed, preexisting contractual promises etc.

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8 0
2 years ago
Jackie has been offered positions by two cable companies. the first company pays a salary of $14,000 plus a commission of $100 f
masha68 [24]

The correct answer is 80 cable packages.

The following equation will solve this problem, where x equals the number of cable packages.

14,000 + 100x = 20,000 + 25x

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Next, subtract 14,000 from both sides;

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Finally, divide both sides by 75.

X = 80

Therefore, the answer is 80 cable packages.

3 0
3 years ago
Read 2 more answers
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EastWind [94]

Answer:

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Currently, museums are less likely to accept restricted donations, unless of course the artwork is worth it.

4 0
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