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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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During business cycle expansions when income and wealth are rising, the demand for bonds ________ and the demand curve shifts to
insens350 [35]

During business-cycle expansions when income and wealth are rising, the demand for bonds rises and the demand curve shifts to the right, everything else held constant.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products (such as goods or services).

The existence of a company name does not separate the entity from its owner. In other words, the company owner is responsible and liable for the debt incurred by the company. Creditors can trace owner's personal property Corporate structure does not allow corporate tax rate Owners are personally taxed on all income from the business.

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5 0
10 months ago
Choose all that apply. Select all of the tools you could use to track your expenses.
fgiga [73]

Answer:

budget software

spreadsheet

Mint©  

Mvelopes®

Explanation:

The spreadsheet is also the same as Excel. It used to organize and analyze expenses and identify how your expenses can be reduced

Mint© is an online expensive tracking device, that can be used to track credit score and manage expenses.

Budget software is budgeting and expensive tracking device. It can be used to track credits cards and bank account

Mvelopes® is an online expensive tracking device that is used in taking care of the budget.

6 0
3 years ago
Greenbelt Construction has been a successful small home-building firm for years. The owner pays subcontractors slightly more tha
kipiarov [429]

Answer: Option (E)

Explanation:

Supply chain management is referred to as or known as broad/wide range of activities which are required in order to control, plan, and execute a commodity's flow, i.e. from the primary stage of acquiring raw material and thus production to the final stage of distribution to consumer, in most streamlined, efficient and effective way that is possible.

In other words it encompasses or encloses integrated execution and planning of a procedure which is required in order to optimize flow of the material, financial capital and information in areas which include sourcing, demand planning, production, storage and inventory management, logistics and also the return of defective products.

4 0
3 years ago
a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250
BlackZzzverrR [31]

Answer:

since there is not enough room here I used an excel spreadsheet

Explanation:

Download pdf
6 0
3 years ago
Jack and Diane decided to remodel their kitchen. They removed their old cabinets and replaced them with newer, nicer cabinets. T
Hitman42 [59]

Answer:

The answer is: $2,500

Explanation:

According to the IRS, the cost basis for any asset should be the original cost adjusted by its depreciation.

Since Jack and Diane aren't able to determine the depreciation expenses for the cabinets, they should use their fair market value as cost basis.

4 0
3 years ago
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