1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
baherus [9]
2 years ago
14

The Mixing Department of Complete Foods had 62,000 units to account for in October. Of the 62,000 units, 38,000 units were compl

eted and transferred to the nest department, and 24,000 units were 20% complete. All of the materials are added at the beginning of the process. Conversion costs arc added evenly throughout the mixing process and the company uses the weighted-average method.
Compute the total equivalent units of production for direct materials and conversion costs for October.
Business
1 answer:
Harman [31]2 years ago
5 0

Answer:

The total equivalent units of production are as follows:

For direct materials = 62,000 units

For conversion costs = 42,000 units

Explanation:

These can be computed by preparing statements of equivalent units as follows:

<u>Statement of Equivalent Units (EU) (Weighted average)</u>

<u>For October</u>

<u>For Materials</u>

Particulars       Units (a)       Complete (%) (b)     EU (c = a * b)

Transferred        38,000                 100%                    38,000

Ending WIP      <u>  24,000 </u>                100%                  <u>  24,000 </u>

Total                  <u> 62,000 </u>                                           <u> 62,000 </u>

<u>Statement of Equivalent Units (EU) (Weighted average)</u>

<u>For October</u>

<u>For Conversion Costs</u>

Particulars       Units (a)       Complete (%) (b)     EU (c = a * b)

Transferred        38,000                100%                      38,000

Ending WIP      <u>  24,000 </u>                20%                       <u>  4,800 </u>

Total                  <u> 62,000 </u>                                             <u> 42,000 </u>

<u>Conclusion</u>

The total equivalent units of production are as follows:

For direct materials = 62,000 units

For conversion costs = 42,000 units

You might be interested in
Suppose that at the beginning of 2019 Jamaal's basis in his S corporation stock is $0, he has a $0 debt basis associated with a
ivann1987 [24]

Answer:

$0 stock basis; $10,000 debt basis

$1,000 (original stock basis) + $4,000 ordinary income − $7,000 distribution = $0 stock basis and a $2,000 distribution in excess of stock basis generating $2,000 of capital gain. Debt basis is not reduced by distributions.

Explanation:

8 0
3 years ago
Assume that you live in California and are on vacation, traveling by car from California to Texas. You are injured in a motel ro
nevsk [136]

Answer:

a. No.  A state court will do a better job in this case because it exercises unlimited jurisdiction.  Moreover, you can only bring your case to a federal court if the amount of your claim is up to $75,000 or the issue is exclusive to the federal court.  This is not the case here.

b. Yes and No.  We need some additional information about the accident location to help answer this question definitively.

c. No. You should not consider accepting the offered settlement.  The jury award is meant to pay for your medical bills and also to help you recover financially as though the accident did not happen in the first place.  Accepting any lesser amount after the judgment is rendered is in bad taste.  The other party should have negotiated to settle out of court before the final judgment was rendered.  But it did not.  So, go with the jury award.

Explanation:

a) Data and Calculations:

Missed work for 15 weeks

Total medical bills incurred = $50,000

Total lost wages incurred = $15,000

Jury award = $100,000 ($50,000 for medical, $15,000 for lost wages and $35,000 for punitive damages)

Settlement offer = $50,000

7 0
3 years ago
Felicia paid $2,879 for a new wall oven with her credit card. Felicia’s credit card has an APR of 13. 89%, compounded monthly. I
xeze [42]

The answer is A

Explanation:

Answer is A trust me

7 0
2 years ago
Describe the types of economic resources​
vivado [14]

Answer:

There are generally three important types of economic resources: Natural Resources, Human Resources and Capital Resources, that contribute to the economy of the nation.

Explanation:

Economy of any nation is dependant on the resources that the nation exhibits. There are generally three important types of economic resources namely; Natural Resources, Human Resources and Capital Resources.

  • Natural Resources: These are naturally created resources that are available in any nation and also contributes to the economy of that particular nation. These resources cannot be created by man and are mostly available because of the geographic factors. Examples of these resources are Agriculture, Water resources, etc.
  • Human Resources: These are manpower that are available to contribute in the growth and development of economy of the nation. Human resources are considered an important asset of any nation. Without the availability of sufficient human resources, the other resources are useless.
  • Capital resources: These are the financial resources available with any nation that contributes in the development and growth of that particular economy.  When wealth and money are used to create more wealth and money, these resources comes under the capital resources of the nation.
5 0
3 years ago
Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with t
Makovka662 [10]

Answer:

3.44%

Explanation:

For this question we use the RATE formula that is shown on the attachment

Data provided in the question

Present value = $15,000,000

Future value or Face value = $0

PMT = $1,050,000

NPER =  20 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the rate pf the return is 3.44%

3 0
2 years ago
Other questions:
  • Use the following 10% interest factors. Present Value of Ordinary Annuity Future Value of Ordinary Annuity 7 periods 4.86842 9.4
    5·1 answer
  • 10. Regarding veal, lamb, or pork, the term noisette would properly refer to
    5·1 answer
  • In our lecture about Strategic fit, we learned that a company's competitive strategy defines the set of customer needs that it s
    5·1 answer
  • The _____ refers to the consumer's perception of the product as a bundle of values of utilitarian and symbolic values that satis
    8·1 answer
  • Shamrock Shades operates in mall kiosks throughout the southwestern U.S. Shamrock purchases sunglasses from bulk discounters and
    13·1 answer
  • Arturo is a partner in a firm that specializes in producing vitamins and health food products. While the business is considered
    6·1 answer
  • The presence of​ ________ in financial markets leads to adverse selection and moral hazard problems that interfere with the effi
    12·1 answer
  • A group is a number of people who
    13·1 answer
  • What is the difference between old and new institutional economics​
    10·1 answer
  • Treating people within an organization fairly and taking actions that do not discriminate against people in protected classes on
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!