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Veseljchak [2.6K]
3 years ago
6

A company uses the weighted-average method for inventory costing. At the end of the period, 16,000 units were in the ending Work

in Process inventory and are 100% complete for materials and 71% complete for conversion. The equivalent costs per unit are materials, $2.61, and conversion $2.20. Compute the cost that would be assigned to the ending Work in Process inventory for the period.
Business
1 answer:
oee [108]3 years ago
7 0

Answer:

$66,752

Explanation:

The computation of ending Work in Process inventory is shown below:-

For Material = 16,000 × 100%

= 16,000

For conversion = 16,000 × 71%

= 11,360

Cost of ending inventory = (Material × Material cost per unit) + (Conversion × Conversion cost per unit)

= (16,000 × $2.61) + (11,360 × $2.20)

= $41,760 + $24,992

= $66,752

Therefore for computing the cost of ending inventory we simply applied the above formula.

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I will create a combination of functional and project-based organizational structures.  I have selected the combination due to the following rationale.

  1. There are different types and categories of iPhone applications. So, the development of each application is a project. Accordingly, competent professionals will be used and they will move from one project to another project.
  2. Selling of applications as well as taking care of HR operational aspects of the business will require people with expertise in these functional areas also. So, getting good sales as well as HR retention is the top priority for the business.
  3. A combination of these two structures will create a mix of back end and front end without any departmental inclination. So, the company will succeed.

Opting for other structures will either focus on applications or sales. But, it will be ineffective as sales will not happen without applications and applications alone cannot generate good sales without proper marketing.

Besides, there can be role confusion and conflict of interest with other organizational structure such as line only or staff only structures. Even, the selection of project-only or functional-only organizational structures will create problems and employee turnover will also increase.

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What are the five exclusive rights given to copyright owners under the copyright act?
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the right to perform the copyrighted work publicly
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3 years ago
An approach to combining risk identification, risk assessment, and risk appetite into a single strategy. is known as risk protec
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If this is for apex it should be D

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Pick the TRUE statement: A. Investors (stockholders) and potential investors are mainly interested in a company's liquidity rati
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5 0
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A publisher reports that 55% of their readers own a particular make of car. a marketing executive wants to test the claim that t
Dominik [7]

Based on the percentage of readers who own a particular make of the car and the random sample, we can infer that there is sufficient evidence at a 0.02 level to support the executive claim.

<h3>What is the evidence to support the executive's claim?</h3>

The hypothesis is:

Null hypothesis : P = 0.55

Alternate hypothesis : P ≠ 0.55

We then need to find the test statistic:

= (Probability found by marketing executive - Probability from publisher) / √( (Probability from publisher x (1 - Probability from publisher))/ number of people sampled

= (0.46 - 0.55) / √(( 0.55 x ( 1 - 0.55)) / 200

= -2.56

Using this z value as the test statistic, perform a two-tailed test to show:

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= 0.0052 + 0.0052

= 0.0104

The p-value is 0.0104 which is less than the significance level of 0.02. This means that we reject the null hypothesis.

The Marketing executive was correct.

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2 years ago
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