Answer:
For material 17,200
For conversion 13,350
Explanation:
The computation of equivalent units of production for (a) materials and (b) conversion costs are shown below:-
Particulars Whole units Materials Conversion costs
Units transferred out 9,500 9,500 9,500
Ending Work in process 7,700 7,700 3,850
(7,700 × 50%)
Total equivalent units 17,200 17,200 13,350
<span>It is likely that when you seek to define the problem you will see that other problems might occur. </span>
Judy will have earned less money even if Skip still decides to sell the car. This is due to depreciation - the value of the car decreases as time progresses. Skip forgetting to sell the car caused the car's value to decrease further, making it less profitable as time goes by.
Answer:
350
Explanation:
Calculation for How many components are made in the production cycle
Components A 100 units
Components B 50 units
Components C 200 units
Total 350 components
Therefore How many components are made in the production cycle is 350 components
Answer:
The seller owe the buyer amounts to $384.25 at the closing
Explanation:
The amount to which the seller owe to the buyer at the closing is computed as:
= Number of days × Amount of taxes per day
= 165 × $2.3288
= $384.25
Working Note:
Number of days = January 1 - June 15
= 165 days
Amount of taxes per day = Annual taxes / Number of days in the year
= $850 / 365
= $2.3288 per day
(Jan. 1 - June 14 = 165 days. $850 / 365 = $2.3288 per day tax liability.165 days x $2.3288 = $384.25)