In the production cost report in process costing, the total units that were in production in a manufacturing department are reconciled to those completed and transferred out and those still in progress, and the production costs incurred are allocated between those units using the equivalent units of production concept.
What is weighted average method?
- The weighted average takes into consideration the relative significance or recurrence of a few variables in a information set.
- A weighted average is in some cases more precise than a straightforward average. In a weighted average, each information point esteem is increased by the doled out weight which is at that point summed and separated by the number of information points.
- For this reason, a weighted average can progress the data's accuracy. Stock financial specialists utilize a weighted average to track the fetched premise of offers bought at changing times.
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Answer:
$45,000
Explanation:
market research survey
↓ ↓
Value without the survey ⇒ $62,000 Value with survey = $62,000 - . $10,000 = $52,000
↓ ↓
value without value with info.
information = $52,000 = $52,000 -
$7,000 = $45,000
It is a little hard to show a decision tree because of the writing space and the format.
Answer: If Pineland were to allow trade, it would import fish.
Explanation:
From the question, we are told that in Pineland, one can buy 1 pound of fish for 2 pounds of pineapples while in other countries, one can buy 1 pound of fish for 1.5 pounds of pineapples.
Based on the above scenario, we can denote that buying of fish from other countries is cheaper but since there's no international trade, this isn't possible. Based on the cheapness, if Pineland were to allow trade, it would import fish.
Answer:
I believe it is C. If not, it may be D.
Explanation:
Answer:
(C) Organizational Breakdown structure, Work Breakdown structure, Control Account Plans, and Points of Management control.
Explanation:
Under Earned value management in projects the mutli functional control account plans should have a Work break down structure which helps to provide on time deliveries and also a necessary Organizational break down structure to identify the respective persons who was assigned with particular resposibilities to provide smooth functioning of the business and both these sturctures maintain control account plans and all of these shall be subject to management control through a Points of management control.
