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g100num [7]
4 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]4 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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Which of these statements correctly describe the chart of accounts and the general ledger? (Select allthat apply.)Select one or
schepotkina [342]

Answer:

b. The chart of accounts is a list of accounts that includes numbers and descriptions.

c. The general ledger is a list of accounts that includes numbers, descriptions, and changes in those accounts.

d. The general ledger is known as the core of any accounting system.

Explanation:

The chart of account refers to the various types of accounts i.e revenue, expenditure, asset, liabilities and so on which depicts the number of accounts, the descriptions of account, nature of the account, and the categories in which they are lying.  

Whereas the general ledger is the recording of the transactions held by the business which also includes account number, their descriptions, and the changes held in those accounts. Plus, it is also known as the core of any accounting system

7 0
3 years ago
In contrast to the post-World War II period, before 1940 the government rarely intervened in the economy to influence inflation
Varvara68 [4.7K]

Answer: the government rarely intervened in the economy to influence inflation or unemployment rates.

Explanation:

Up until the Great Depression of 1929 to 1932, the government followed a laissez-faire policy where they rarely intervened in the market to influence inflation or unemployment rate.

After the Great Depression and then the second world war, this changed and the Federal government became very active in the economy through fiscal policy and massive government spending enabled the U.S. to surge ahead of other nations in terms of development.

3 0
3 years ago
What systems are available and specifically the financial benefits iy holds for the user and owner.​
Alexeev081 [22]

Answer:

A financial management information system generates data that recipients find to be relevant to their decision-making and reporting processes.

5 0
2 years ago
A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to mi
kicyunya [14]

Based on the distance between locations, the total distance moved in the week will be<u> 6,700 meters. </u>

<h3>Distance between the departments </h3>

Assuming that Departments X, Y and Z are in areas I, II and III respectively. The following will be true:

  • Department X is located 10 meters from Y but 20 meters from Z.
  • Department Y is located 10 meters from Z.

<h3>Total distance traveled</h3>

This can be found by multiplying the loads carried across departments by the distance between the locations of these departments.

= ( (Loads from X to Y x distance of X and Y) + (Loads from X to Z x Distance of X and Z)) + ( (Loads from Y to X x distance of X and Y) + (Loads from Y to Z x Distance of Y and Z)) + ( (Loads from Z to Y x distance of Z and X) + (Loads from Z to Y x Distance of Y and Z))

= ( (0 x 10) + 80 x 20)) + ( (30 x 10) + (150 x 10) ) + ( (100 x 20) + 130 x 10) )

= 1,600 + 1,800 + 3,300

= 6,700 meters

In conclusion, the total distance would be 6,700 meters.

Find out more on minimizing costs at brainly.com/question/1380316.

4 0
3 years ago
g Dissmore's has reduced prices by 17% on everything to thank their customers for their patronage. If Ben &amp; Jerry's ® Phish
kati45 [8]

Answer:

Ice cream after price reduction costs $ 2.5

Explanation:

Because to know the value of the price to be discounted we must know how much 17% is equivalent, we find out that value with a simple three rule like that;

100% --> $ 2.99

17%   ---> X

then we find the value of X;

17 × 2.99 = 100 × X

\frac{17* 2.99}{100}= X

0.5083 = X (this is the value to be discounted)

so we subtract this from the value before reduction

2.99 - 0.5083 = 2.5

So we have the ice cream after reducing the price by 17%, it will cost $ 2.5

6 0
3 years ago
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