1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lidiya [134]
3 years ago
8

For the Mixing Department, unit materials cost is $8 and unit conversion cost is $12. If materials are added at the beginning of

the process and there are 6,000 units in the ending work-in process which are 75% complete as to conversion costs, what are the costs that should be assigned to the ending work-in process inventory? a) 102,000. b) $120,000. c) $108,000. d) $90,000.
Business
1 answer:
laila [671]3 years ago
8 0

Answer: Option (a) is correct.

Explanation:

Materials Costs = Units × Unit Material Cost

                          = 6,000 × $8

                          = $48,000

Conversion costs = Units × Percentage Complete × Unit Conversion Cost

                             = 6,000 × 75% × $12

                             = $54,000

Ending Work-In Process Inventory:

= Materials Costs  + Conversion Costs

= $48,000 + $54,000

=  $102,000

You might be interested in
The Vitamin Shoppe sells natural vitamins and supplements. Product prices are adjusted frequently to meet the needs of individua
Anna11 [10]

Answer:

Dynamic Pricing

Explanation:

Dynamic pricing is the price set to reflect the changes in environment factors and factors that are included in the company's corporate policies. In the above scenario, the company has set a different price in different scenario. The normal customer who visits the store fewer times are not given any discounts however the permanent customer is given discount. This is because of the changes in customer loyalty factor. The company is charging different in different scenarios which means it is pursuing Dynamic Pricing strategy.

6 0
3 years ago
Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 job
kow [346]

Answer:

Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 jobs. The NFP conventional contract pays out $85 for every job created in excess of the exercise price. a. What is the value of the option if job growth is 193,500.

The value of the option if job growth is 193,500 is $0.

Explanation:        

Since the job growth of 193,500 is less than the exercise price of 210,500 jobs, the value of the option on the contract in the given question is Zero.

Therefore, the value of the option if job growth is 193,500 is $0.

7 0
3 years ago
Read 2 more answers
Maria Mendez is division controller and James Dalton is division manager of the Hestor Shoe Company. Mendez has line responsibil
myrzilka [38]

A) Mendez's ethical responsibilities are,

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

B)The responsibilities of mendez if dalton gives her a direct order to book the sales are explained below.

Explanation:

1)

Integrity

Cometence

Credibility

IMA is highly regarded organization for accountants and finance professionals. The following four standard to which the organization holds CMA's accountable are

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

2)

Mendez should refuse to follow dalton's orders and if dalton persists, the incident should be reported to the corporate controller of hester shoe company. Support for the linc managers should be wholehearted, but it should not require unethical conduct.

8 0
3 years ago
Q: What determines the balance of production and consumption?
ANTONII [103]
Resources is referred to as the available asset that can be used for further purposes may it be for business or consumption. This is what determines the balance between the production and consumption for without these, production would not be possible and if nothing is produced, nothing would also be consumed. Resources come in different forms and each has its own availability. Answer for this would be C.
6 0
3 years ago
What would cause an increase in the equilibrium price of a good?
crimeas [40]

Answer:

Demand and supply

Explanation:

Demand and supply are the two factors which effect the equilibrium of price. If demand increases and the supplies remains constant the price will increase. On the other hand when demand decrease and the supplies remains constant the price will fall. So these two factors effect the Equilibrium price of a good.

5 0
3 years ago
Other questions:
  • Which analytical tool determines the relative attractiveness of various strategies based on the extent to which key external and
    9·1 answer
  • Juan says that good spelling, punctuation, and grammar skills are considered core responsibilities for the administrative assist
    7·2 answers
  • Administrators of crawford county's memorial hospital are interested in identifying the various costs and expenses that are incu
    13·1 answer
  • The demand schedule for a good: Group of answer choices indicates the quantity that people will buy at the prevailing price. ind
    10·1 answer
  • Rahls issues stock to investors for $20,000, and has $5,000 of net income in its first year of operations. During Year 2, Rahls
    6·1 answer
  • A company’s total monthly sales (in millions of dollars) t months from now are given by:
    7·1 answer
  • true or false: Quality function deployment (QFD) allows people to see how aspects of their products and services relate to custo
    11·1 answer
  • Which type of organizational purchase situation is characterized by high purchase importance and complexity, a large and evolvin
    8·1 answer
  • Oriole Company made the following journal entry in late 2021 for rent on property it leases to Danford Corporation. Cash 153000
    11·1 answer
  • Although monopolies are not allowed in the United States, the government does understand that in certain situations it doesn't
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!