P2

Jimmy corporation uses the weighted-average method in its process costing system. the ending work in process inventory consists

dimaraw [331]

Weighted-average method

Materials Labor and Overhead

Ending work in process:

Materials: 20,000 units × 100% 20,000

Conversion: 20,000 units × 70% 14,000

Equivalent units of production in ending work in process 20,000 14,000

Materials Labor and Overhead Total

Ending work in process inventory:

Equivalent units of production (a) 20,000 14,000

Cost per equivalent unit (b) $3.20 $2.00

Cost of ending work in process inventory (a) × (b) $64,000 $28,000

$92,000

6 0

3 years ago

Ryan is a 25% partner in the rocc partnership. at the beginning of the tax year, ryan's basis in the partnership interest was $9

maw [93]

Your answer is going to be, $115,000

6 0

3 years ago

Net working capital decreases when: A. a dividend is paid to current shareholders. B. a new 3-year loan is obtained with the pro

dsp73

Answer:

A. Dividend is paid to current shareholders.

Explanation:

This is simply said to be the aggregate amount of all current asset and also all current liability of an investment. It is used in measuring the short term liability of a business by subtracting the current liability from the current asset.

In some cases, it can be tagged a company’s current assets, such as cash, accounts receivable, inventories of goods etc. Many companies sum their's by calculating cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. This is why it is seen to decrease when dividend is paid to current shareholders.

5 0

3 years ago

A group formed by people seeking friendship or pursuing common interests that has no official leader or specific organizational

Mice21 [21]

Answer:

C. informal group

Explanation:

An informal group is the one created naturally by employees for their own sake, <em>their formation is voluntary with no official leader and relationships are personal, based on the member's interests.</em> Considering this information the correct answer is C. informal group.

I hope you find this information useful and interesting! Good luck!

5 0

3 years ago

Susie decided to start selling lemonade on her street. The other kids in the neighborhood noticed that Susie was making a lot of

xxTIMURxx [149]

Answer:

Decreases and the equilibrium quantity increases

Explanation:

If more children join Susie in the lemonade business, the supply of lemonade would increase. This is indicated by a rightward shift of the supply curve. Because supply has increased relative to demand , price would fall and equilibrium quantity would increase.

I hope my answer helps you

7 0

3 years ago