An engineer who believes in "save now and play later" wanted to retire in 25 years with $1 million. At 10% per year interest, to
1 answer:
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Answer:
decreased by 4.5%
Explanation:
A family consumes: 10 pizzas, 7 pairs of jeans, and 20 gallons of milk.
In 2016, pizzas cost $10 each, jeans cost $40 per pair, and milk cost $3 per gallon.
The family's total cost of living in 2016 is:
In 2017, pizzas cost $8 each, jeans cost $40 per pair, and milk cost $3 per gallon.
The family's total cost of living in 2017 is:
The change, in percentage, of a typical family's cost of living is:
The cost of living decreased by 4.5%
Answer:
Total cost added including beginning inventory
Raw material = $136,000
Overheads = $180,960
Total = $316,960
Explanation:
As provided the opening Work in process units = 5,000 units
Units started during the period = 37,500 questions
Closing work in process = 8,000 units
That means units produced = opening + additions - closing
= 5,000 + 37,500 - 8,000 = 34,500 units
Provided cost of beginning inventory = $16,000 for raw material and $12,000 for overheads
Also it is 100% complete for raw material and 50% complete for overheads
That means raw material per unit = $16,000/5,000 = $3.20
And the overheads 100% = $12,000 2 = $24,000
Overhead per unit = $24,000/5,000 = $4.80
Therefore, cost added during the period
Shall be
Raw material = 100% = 5,000 + 37,500 = 42,500 $3.20 = $136,000
Overheads = for 34,500 units 100% and remaining 8,000 = 40%
= 34,500 $4.80 + 8,000
$4.80
40%
= $165,600 + $15,360
= $180,960
Total = $316,960