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DaniilM [7]
3 years ago
5

Beginning WIP is 45% complete and ending WIP is 10% complete as to conversion costs. Materials are added at the beginning of the

process. If a company uses FIFO costing, the total equivalent units for materials in the period will equal:______.
a. equivalent units to complete beginning inventory and equivalent units in ending inventory.

b. equivalent units to complete beginning inventory units started into the process this period.

c. none of these units started into the process this period plus units in beginning inventory
Business
1 answer:
lara [203]3 years ago
5 0

Answer:

c. none of these

units started into the process this period plus units in beginning inventory

Explanation:

In FIFO , the physical units are divided between the beginning units, units started in process and the ending units. But as all the materials is added at the beginning of the process so the FIFO physical units would be divided between the units started into the process this period plus units in beginning inventory and hence the equivalent units for materials will be calculated.

So the best choice is option c.

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We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:
kolezko [41]
The reason behind the falling of price and quantity of ketchup sold is that the cost of mustard seeds decreases as mustard is a substitute of ketchup and for the input mustard seeds are produced. So, if the price of mustard seed decreases, the price of ketchup also decreases.
4 0
3 years ago
Darin Company uses a perpetual inventory system. On October 1, Darin Company sold inventory in the amount of $6,500 to Dee Compa
pav-90 [236]

Answer:

Debit : Cash  $5,870

Credit : Accounts Receivable   $5,870

Explanation:

The journal entry to be prepared by Darin Company on October 8 to record the receipt of payment from Dee consist of a Debit in Cash and Credit Accounts Receivable at the amount outstanding after deducting cash discount and returns.

Amount Outstanding

Total Accounts Receivable      $6,500

Less Cash discount at 2 %         ($130)

Less Returns                              ($500)

Outstanding amount                $5,870

8 0
3 years ago
You must prepare a return on investment analysis for the regional manager of Fast & Great Burgers. This growing chain is try
Ivahew [28]

Answer:

14% and 22%

Explanation:

The formula to compute the return on investment is shown below:

Return on investment = Net income ÷ Investment

The preparation of the return on investment analysis is shown below:

                                         Fast & Great Burgers

                                  Return on investment analysis

                            Numerator    ÷   Denominator  = Return on investment

Location A            $70,000       ÷   $500,000        = 14%

Location B            $44,000       ÷   $200,000        = 22%

3 0
3 years ago
Green Gardens sells gardening and landscaping goods and equipment. The marketing department places an unmanned machine in the st
swat32

Questions:

Green Gardens sells gardening and landscaping goods and equipment. The marketing department places an unmanned machine in the store with touchscreen technology to provide product information. Consumers can use this machine to learn about the company’s products and services. The company’s marketing form is best referred to as ________ marketing.

A) kiosk

B) mobile

C) telephone

D) interactive

E) personalized

Answer:

The correct answer is A) Kiosk

Explanation:

A kiosk refers to a small, temporary, stand-alone booth used in high-traffic areas for marketing purposes.

They may be found in the walkways of shopping malls. They may or may not be manned by individuals who sell a product or service—anything from toys and hair-care products to insurance or credit cards.

Some, in fact, are electronic, providing consumers with a self-service-style experience.

Types of Kiosks

  • Employment Kiosks
  • Health Care Kiosks
  • Photo Kiosks
  • Food Service Kiosks

In an effort to make more efficient the process of taking food orders, some restaurants install self-service kiosks. Customers can follow interactive prompts to select their meal and customize their order. The kiosks usually accept credit or debit cards, eliminating the need for a human cashier.

Another example of a widely used Kiosk is an ATM Machine.

Cheers!

7 0
4 years ago
Read 2 more answers
The dot plot shows the number of emails Aaron sent his cousin each week. Number of Emails Each Week A dot plot going from 0 to 5
Andre45 [30]

Answer:

2

Explanation:

Based on the information given the gap in the data is 2 reason been that if 0 has 3 dots, 1 has 1 dot, 3 has 4 dots, 4 has 7 dots and 5 has 6 dots while 2 has 0 dots which means that 0,1,3,4 and 5 all have dots excepts 2 which has 0 dots which simply indicate that the lack of dots that 2 has led to the gap or interval in the data which inturn means that the gap in the data can be found on 2 due to 0 dots or lack of dots.

Therefore the gap in the data is 2.

4 0
3 years ago
Read 2 more answers
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