Select the examples that best represent Agriculture, Food, and Natural Resources customers. Check all that apply.

Byrd Company decided to analyze certain costs for June of the current year. Units started into production equaled 14,000 and end

Molodets [167]

Answer: Option (C) is correct.

Explanation:

Units Started into the production = 14,000 Units

Ending work in process = 2,000 units

Transferred Units = Units in the starting - Ending work in process

= 14,000 units - 2,000 Units

= 12,000 Units

Equivalent units = Transferred units + Ending work in process in units × % of Completion

= 12,000 Units + 2,000 Units × 25% complete

= 12,000 + 2,000 × 0.25

= 12,000 units + 500 units

= 12,500 units

Total Conversion cost = $52,500

$Conversion\ cost\ per\ Equivalent\ unit=\frac{Total\ Conversion\ cost}{Equivalent\ Units}$

$Conversion\ cost\ per\ Equivalent\ unit=\frac{52,500}{12,500}$

= $4.2

5 0

3 years ago

A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years

Harlamova29_29 [7]

Answer:

3 1/3 years

Explanation:

Payback period is the time required for the inflows from a project to be equal to the initial outflow for the project. It is a key consideration in capital budgeting. It is usually assumed that the outlay or initial outflow is made in year 0 and the first inflow comes in after a year.

Year Cash outflow Cash inflow Balance

0 ($50,000) - ($50,000)

1 - $15,000 ($35,000)

2 - $15,000 ($20,000)

3 - $15,000 ($5,000)

4 - $15,000 $10,000

5 - $15,000 $25,000

Hence the payback period

= 3 years and 5000/15000 * 12 months

= 3 years 4 months

= 3 1/3 years

3 0

3 years ago

In today's organization, many employers appear to prefer to work for a supervisor with a ________ leadership style.

vova2212 [387]

<span>A supervisor in today's work environment needs to be flexible and adaptable. Employees today expect a lot more opportunities to do things such as work from home. Also in today's more technological world, demands on the supervisor and employer change frequently. Because of all of this, employers and employees prefer a people-centered leadership style.</span>

3 0

3 years ago

_____________ are sunk costs because the company will have to pay the cost no matter production or other variables in operations

Lina20 [59]

Answer:

E. Fixed Costs

Explanation:

Here are the options to this question :

A. Variable Costs

B. Labor Costs

C. Total Costs

D. Raw material Costs

E. Fixed Costs

Sunk costs are costs that have already been incurred and cannot be recovered. They should not be considered when making future economic decisions.

Fixed cost is cost that do not vary with production. e.g. rent

Most companies pay rent per year. if due to unforeseen contingencies, sales and profit of the company declines and the company decides to shut down production, the company has already paid for rent, this amount cannot be recovered even though the company would not be using the space for sometime. So, rent is an example of sunk cost

6 0

3 years ago

When correcting errors in a trial balance, the ruling method should be used a.when a proper entry has been made but posted to th

miv72 [106K]

Answer:

d.when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount

Explanation:

When correcting errors in a trial balance, the ruling method should be used "when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount."

In trial balancing, an error can be fixed or corrected by tracing the trial balance steps. First, make a comparison between the ledger balances and the amount posted to the trial balance then add both debit and credit table if the amount matches, otherwise use the transposition method.

3 0

3 years ago