Answer and Explanation:
The computation of the unit cost for material and conversion cost is shown below:
Material Cost per Unit is
= Total Material Cost ÷ Equivalent Units for Materials
,= ($7,700 + $66,801) ÷ (20,300 units)
= $3.67 per unit
And, the conversion cost per unit is
= (labor cost + overhead cost) ÷ equivalent units for conversion
= ($19,700 + $18,289) ÷ 18,900 units
= $2.01 per unit
Answer: Relationship selling
Explanation: In simple words, it refers to the strategy in which the seller focus on the communication and interaction between the buyer and seller rather than the product price and qualities.
It is done with the objective of gaining customer loyalty and making the customer base strong and rigid. It is implemented on existing markets and not on the potential customer base.
Hence from the above we can conclude that the correct answer is relationship selling.
Answer:
The answer is: $367,000
Explanation:
To determine Pronghorn Corporation's actual return on plan assets we can use the following formula:
return on plan assets = (year-end plan assets - beginning of the year plan assets) - (contribution to the pension fund - benefits paid)
return on plan assets = ($2,035,000 - $1,770,000) - ($116,000 - $218,000)
return on plan assets = $265,000 - (-$102,000) = $265,000 + $102,000
return on plan assets = $367,000
Answer:
Molding Department Work In Process Account (debit)
Assembly Department Process Account (credit)
Explanation:
When the molds are then transferred to the Assembly Department the Journal entry entry will be :
<em>Molding Department Work In Process Account (debit)</em>
<em>Assembly Department Process Account (credit)</em>
This recognises accumulation of manufacturing cost in Molding Department and de-recognises the Inventory in Molding Department Work In Process Account.
Answer:
A and B are True
Explanation:
The efficient market hypothesis or theory, is a hypothesis which states that share prices reflect all information and consistently beating the market is impossible. Because market prices should only respond to new information. The efficient market hypothesis states that when new information comes into the market, it is immediately reflected in stock prices
From the question,
a. one cannot expect to earn an abnormally high return by purchasing a security.
And
b. information in newspapers and in the published reports of financial analysts is already reflected in market prices.
Are the correct answers.