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g100num [7]
3 years ago
5

The following production data were taken from the records of the Finishing Department for July:Inventory in process, June 1, 30%

completed 5,000 unitsTransferred to finished goods during June 39,500 unitsEnding work in process during June 25%, completed 4,500 unitsDetermine the total equivalent units for conversion costs, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed in process at the beginning of production.
Business
1 answer:
zepelin [54]3 years ago
5 0

Answer:

Conversion Cost Equivalent units FIFO           39, 125

Explanation:

Beginning WIP           5,000 30% completed

transferred units       39,500

ending WIP                 4,500  25% completed

<u>The equivalent units will be:</u>

the transferred units

- complete portion for the beginning WIP

+ complete portion of the ending WIP

transferred out                      39,500

work in previous period

5,000 x 30% =                         (1,500)

worked but not complete

4,500 x 25% =                        <u>  1, 125 </u>  

Equivalent units FIFO           39, 125

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pantera1 [17]

Answer:

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Explanation:

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The inefficient scenario is  Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed. this is because Larry can either wash 1 car or mow 1 lawn every hour and if Moe only washes cars and Curly only mows Lawns there will still be Cars and Lawns left to be washed and Mowed since Larry does not work at full capacity like Moe and Curly who could wash 2 cars or mow 2 lawns every hour

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3 years ago
When goods are produced privately, but the cost of their purchase is paid for by the taxpayer or some other third party, a. cons
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Answer:

b. private producers of such goods will have little incentive to control costs and provide them at low prices

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Externality is a form of market inefficiency.

Negative externality is when goods are produced privately, but the cost of their purchase is paid for by the taxpayer or some other third party.

When negative externality occurs, producers have little incentive to reduce cost because they don't bear the total brunt of their activities. This is why activities that generate negative externality are over produced.

Government needs to step in to control this problem. They can either impose tax on producers or regulate their activities.

Pollution is an example of negative externality.

I hope my answer helps you

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Answer:

The answer is below

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