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Rama09 [41]
2 years ago
10

Barnes and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 10,000 units of ending wor

k in process at 80% completion and 14500 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period?
Business
1 answer:
lutik1710 [3]2 years ago
5 0

Answer:

The equivalent units for conversion costs for the current period is 12,500 units

Explanation:

We know that,

Ending work in progress inventory = Units started - units completed

10,000 units = 14,500 units - units completed

So, units completed = 14,500 units - 10,000 units = 4,500 units

It is given in the question that 80% ending work in progress inventory units is completed,  

So completed units = 10,000 × 80% = 8,000 units

So,the equivalent units of production equals to

= Units completed + completed units in ending inventory

= 4,500 units + 8,000 units

= 12,500 units

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ABC Company incurs a cost of 50 cents to produce a dozen eggs, while XYZ Company incurs a cost of 70 cents to produce a dozen eg
Lerok [7]

Answer:

Option (C) is correct.

Explanation:

Given that,

ABC company: cost of producing a dozen of eggs = 50 cents

XYZ company: cost of producing a dozen of eggs = 70 cents  

When the price of a dozen eggs increases from 55 cents to 75 cents,

Producers surplus for ABC company:

= Revenue - Cost

= 75 - 50

= 25 cents

Producers surplus for XYZ company:

= Revenue - Cost

= 75 cents - 70 cents

= 5 cents.

It is the only price level at which both the companies have greater revenues than costs. It means that they both have profits.

It will increase the producer surplus of both the companies.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

7 0
2 years ago
The ability to include demand, capacity, material requirements, and constraints in defining alternatives is referred to as _____
scoundrel [369]
Simultaneous resource consideration.
7 0
2 years ago
Six months ago, you purchased 3,000 shares of ABC stock for $47.06 a share. You have received dividend payments equal to $.80 a
Sergeeva-Olga [200]

Answer:

Total dollar return = 2400 + 8040 = $10440

Option d is the correct answer

Explanation:

To calculate the total dollar return on the investment, we will calculate the value of dividend received from the shares and the capital gain made on this investment. The capital gain is the appreciation in value less the initial cost paid for the investment.

First we calculate the value of dividend received on the investment.

Dividend received = 3000 * 0.8 = $2400

Now we calculate the value of capital gain.

Capital gain = (Sale price - Initial cost) * Number of shares

Capital gain = (49.74 - 47.06) * 3000

Capital gain = $8040

Total dollar return = 2400 + 8040 = $10440

3 0
2 years ago
Using a perpetual inventory system, the entry to record the return of merchandise purchased on account includes a.
matrenka [14]

Using a perpetual inventory system, the entry to record the return of merchandise purchased on account includes 4)Merchandise Inventory.

Product vending is the practice of intentionally promoting, showing, and promoting the goods in your keep. A huge part of this is visual merchandising—the process of making plans, designing, and showing merchandise to focus on their capabilities and advantages.

Merchandising is the exercise and procedure of displaying and selling merchandise to clients. Whether or not digital or in-save, stores use vending to persuade clients' motives and reach their sales goals.

Vending approach selling merchandise to retail customers. Merchandisers, also known as retailers, buy merchandise from wholesalers. Manufacturers, upload a markup or gross earnings quantity and sell the products to customers at a better rate than what they paid.

Disclaimer: The question is incomplete. Please read below to find the missing content.

Question: Under the perpetual inventory system, all purchases of merchandise are debited to the account

1)Cost of Merchandise Available for Sale

2)Cost of Merchandise Sold

3)Purchases

4)Merchandise Inventory

Learn more about merchandise here brainly.com/question/27046371

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3 0
1 year ago
Travel expenses incurred by the sales department of a manufacturing company would be classified as: a. indirect labor b. manufac
mario62 [17]

Answer:

c. a period cost

Explanation:

Option C, period cos is the correct answer because the period cost is not related to the production and manufacturing of the commodity. Rather it is the cost incurred outside the factory such as marketing expenses, travelling expenses, etc. Therefore, the option "period cost" is the correct answer.  

7 0
3 years ago
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