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amid [387]
3 years ago
13

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a

particular department consisted of 20,000 units, 100% complete with respect to materials cost and 20% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $26,000. A total of 57,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $2.00 for materials and $3.70 for conversion costs. The total cost of the units completed and transferred out of the department was: Multiple Choice $282,720 $381,920 $324,900 $341,920
Business
1 answer:
drek231 [11]3 years ago
7 0

Answer:

The total cost of the units completed and transferred out of the department was: $324,900

Explanation:

First Calculate Total Cost per Equivalent Unit

Materials     $2.00

Conversion $3.70

Total            $5.70

Then, Calculate the Cost of Units Completed and Transferred

<em>Units Completed and Transferred × Total Cost per Equivalent Unit</em>

57,000 × $5.70

$324,900

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3 years ago
Language is the most complex challenge global marketers face.<br><br> True<br> False
KATRIN_1 [288]

Answer:

False.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Some examples of international economic organizations involved in global economy and trade are;

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- United Nations (UN).

- International Monetary Fund (IMF).

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Language is not the most complex challenge global marketers face because they can be translated easily through the use of a software application, an interpreter or simply through the use of other forms of communication.

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3 years ago
Why is questioning such an important leadership skill
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5 0
3 years ago
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6 0
3 years ago
Parr Hardware Store had net credit sales of $6.5mil and cost of goods sold of $5mil for the year. The Accounts Receivable balanc
kifflom [539]

Answer:

Accounts Receivables Turnover Ratio = \frac{6,500,000}{650,000} = 10 times.

Explanation:

Accounts Receivables Turnover ratio = \frac{Net \:Credit \: Sales}{Average \: Receivables}

Here Net Credit Sales = $6.5 million

Accounts Receivables Opening Balance = $600,000

Accounts Receivables Closing Balance = $700,000

Average Accounts Receivable Balance = \frac{600,000 \:+ 700,000}{2} = 650,000

Accounts Receivables Turnover Ratio = \frac{6,500,000}{650,000} = 10 times.

This shows that accounts receivables are on an average 1/10th of credit sales.

Final Answer

Accounts Receivables Turnover Ratio = \frac{6,500,000}{650,000} = 10 times.

3 0
3 years ago
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