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zvonat [6]
3 years ago
6

In May, one of the processing departments at Messerli Corporation had beginning work in process inventory of $18,000 and ending

work in process inventory of $39,000. During the month, $152,000 of costs were added to production and the cost of units transferred out from the department was $131,000. The company uses the FIFO method in its process costing system. In the department’s cost reconciliation report for May, the total cost to be accounted for would be:
Business
1 answer:
Evgen [1.6K]3 years ago
6 0

Answer:

$170,000

Explanation:

The computation of the total cost to be accounted is shown below:

= Beginning work in process units + cost of units transferred out

= $18,000 + $152,000

= $170,000

In order to compute the total cost to be accounted we simply added the beginning work in process units and the cost of units transferred out so that the exact value could come

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In more centralized organizations employees at all levels of the organization are involved in the decision-making process.
MaRussiya [10]

Answer:

B, False

Explanation:

A centralized organization can be defined as a decision-making process in which decisions are made and handled by the top executives of the organization.

This means that only employees in the highest of hierarchy in an organization are involved in the decision-making process rather than every employee in the organization. Decisions made by the top executives are to be followed by the other employees in the organization.

Cheers.

7 0
3 years ago
Suppose that price is below the minimum average total cost (ATC) but above the minimum average variable cost (AVC) and that the
AysviL [449]

Answer:

b. continue to produce a quantity such that marginal revenue equals marginal cost.

8 0
3 years ago
Assume that Waterland and Aquataste make a nonbinding, informal agreement that each will produce 250 gallons of water, charge $1
Katen [24]

Answer:

If Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons because Waterland’s profits would then increase from $375 to $525.

Explanation:

If Waterland and Aquataste both produce 250 gallons each and charge $1.50 per gallon.

There would be 500 gallons in total, and the total revenue would be

$1.50 × 500 = $750

which when shared equally between Waterland and Aquataste would result in each of them getting $375 each.

But if Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons, still charging $1.50 and Waterland’s profits would then be

$1.50 × 350 = $525

Hope this Helps!!!

5 0
3 years ago
An asset used in a three-year project falls in the three-year MACRS class for tax purposes. The MACRS percentage rates starting
Studentka2010 [4]

Answer:

$791,504.40

Explanation:.

Calculation for the after tax salvage value of the asset

Asset Aftertax salvage value = $1,100,000- [$1,100,000-($2,600,000 x .0741)] x .34

Asset Aftertax salvage value = $1,100,000- [$1,100,000-$1,926,600] x .34

Asset Aftertax salvage value = $791,504.40

Therefore the after tax salvage value of the asset will be $791,504.40

5 0
3 years ago
The type of deed in which the grantor defends the title back to its beginning is a
sattari [20]
The type of deed in which the grantor defends the title back to its beginning is a GENERAL WARRANTY DEED. 
Deed is used to transfer title rights. A general warranty deed is used to convey all the grantor deed to the grantee and it also guarantees that if the title is defective, the grantor may be hold liable.
The grantor is the seller while the grantee is the buyer.<span />
5 0
3 years ago
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