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Iteru [2.4K]
3 years ago
8

Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of pr

oduct. Ending inventory consisted of 400 units that were 50% complete. The total dollar cost associated with production of inventory was $90,000. The cost per equivalent whole unit would be which of the following
Business
1 answer:
Bumek [7]3 years ago
7 0

Answer:

Cost per equivalent unit: $60

Explanation:

Cost per equivalent unit = (Cost of Beginning Work in Progress Inventory + Total production cost during the period) / Equivalent Units of Production (EUP)

Total Production Cost = $90,000

Equivalent Units of production (EUP) = 1,300 + 400 x 50% = 1,500 units

Cost per equivalent unit: $90,000 / 1,500 units = $60

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What items are found in the MICR line on a check?
storchak [24]

The correct answer is the routing number, checking account number and check number.

There are three items found on the MICR line of a check. These items are the bank routing number (also called the ABA number), the checking account number and the check number. This is also the order that these numbers are found on a personal check.

4 0
3 years ago
The CEO of the company you are interning for states that her number one goal for the year is to maximize the company’s profit.
Zanzabum

Answer:

Explanation:

Profit maximization objective can easily be manipulated and it is highly subjective. Management may decide to avoid some costs in the short-term such as Investment in Assets, Investment in R &D and other discretionary cost in order to have an impressive profit performance. In the long-run, the avoidance of this cost now may reduce the earnings capacity of the company assets.

Using profit as measure of performance for manager may encourages dysfunctional behavior.

In the true sense, profit generation may not translate into increase in the value of the company . For example, management may decide to reduce depreciation charge, decide to over state revenue or over valued inventory

On other hand, maximizing shareholder value is a long-term and sustainable objective that involved investing in viable projects with positive net present value to enhance the value of the company.

When this is used as a performance measure , it very difficult to manipulate in the short-term.

6 0
4 years ago
Marigold Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A su
Veronika [31]

Answer:

The preparation of an incremental analysis is given below

Explanation:

The preparation of an incremental analysis is shown below:

Particulars                           Make Buy               Net Income - Increase/(Decrease)

Variable Manufacturing Cost

(10,300 × $5)                        $51,500             -                  $51,500

Fixed Manufacturing Cost

(10,300 × $3)                        $30,900    $30,900           -                    

Purchase Price (10,300 × 6)         -      $61,800             $(61,800)

Total Annual Cost               $82,400    $92,700       $(10,300)

By above calculation, we can interpret that the marigold should make the part as it would became cheaper but it also saves the cost of $10,300

4 0
4 years ago
Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) t
DanielleElmas [232]

The correct answer to this open question is the following.

Give examples of operational conflicts that could occur in a cross-cultural context because of different attitudes towards:1) time, 2) individualism.

Well, let's start with time. In the United States, time is of the utmost importance. There we have the old saying: "Time is money."

In the workplace, everything is based on the smart and efficient use of time. No time must be wasted in the workplace.

Individual effort is important in the American culture, but the team effort, the concept of being a good team player is very important under the following premise: teams can accomplish more than individuals.

What most Americans desire is individual recognition through team effort.

That is why team sports are so good in the United States because they exemplify the way teams function and what they can accomplish. For instance, college and pro football, basketball, and baseball.

The region that has a different approach, is Latin America. This does not mean that is better than the other, just that there are major differences between the two.

The management of time is very different in Latin American countries. It is not as important as the US. People in Latin America approach the concept of time in a more relaxed way. In Latin America, there is a more relaxed approach to time. Nothing is urgent, Things take time. Things are made at a different pace compared to the US.

And regarding individualism, Latin American people tend to prefer to be more individualistic to do things trying to get some recognition, The team concept is not as developed as in the US.

5 0
3 years ago
What inventory management procedure helps a firm to control inventory costs?.
lyudmila [28]

Just-in-time (JIT) inventory management is the procedure which helps a firm to control inventory costs.

<h3>What is Inventory?</h3>

These are the goods and services which a company hold for the purpose of resale or production.

Just-in-time (JIT) inventory management helps companies to control inventory costs because raw materials are supplied according to production schedule thereby reducing risks such as dead stock etc.

Read more about Inventory here brainly.com/question/24868116

6 0
3 years ago
Read 2 more answers
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