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Vaselesa [24]
3 years ago
5

Sandy borrows Mike’s car for weekend. The car gets a flat tire, so Sandy purchases a new one. Mike now owns the new tire. This m

ethod of acquiring ownership is called _____.
A. Purchase
B.production
C. Confusion
D. Accession
Business
1 answer:
daser333 [38]3 years ago
7 0

Answer:

D. Accession

Explanation:

Mike gained the property through acession because Sandy's tire was attached to his car so he gained the tire.

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At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. O
soldi70 [24.7K]

Answer and Explanation:

For materials

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300

= 132,000 units

Cost of materials = Beginning WIP + Cost of materials added

= 22,300 + 370,000

= $392,300

Cost of material per units = 392,300 ÷ 132,000

= $2.97197

For conversions

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300 × 30%

= 117,790 units

Cost of Conversion = Beginning WIP + Cost of conversion added

= 19,700 + 280,000

= $299,700

Cost of conversion per units = 299,700 ÷ 117,790

= $2.54436

Total cost of units completed and transferred out

= 111,700 × (2.97197 + 2.54436)

= $616,174

4 0
2 years ago
Colby Company has a process costing system in which the weighted-average method is used. The company adds all materials at the b
ivanzaharov [21]

Answer:

$7,650

Explanation:

Ending work in progress = Beginning Work in progress + Units started - Units completed and transferred

= $22,000 + $90,000 - $97,000

= $15,000

Equivalent units = Units completed and transferred + Ending work in progress

= $97,000 + $15,000

= $112,000

Total cost = Material cost (Beginning) + Material cost during the month

= $11,000 + $46,100

= $57,100

Cost per equivalent unit = $57,100 ÷ $112,000

= $0.51

Materials cost of the work in process inventory at March 31 = Ending work in progress × Cost per equivalent unit

= $15,000 × $0.51

= $7,650

4 0
3 years ago
A child receives a dime for weeding dandelions from the yard. sometimes he gets paid after pulling as few as three, sometimes he
ddd [48]

Variable-ratio reinforcement, in which the rate of reward varies over time.

8 0
3 years ago
The company has provided the following estimated costs: Advertising expense $ 800 Direct labor 3,000 Direct materials 1,500 Indi
natita [175]

Answer:

$3,400

Explanation:

The total amount of estimated manufacturing overhead is calculated as;

= Salary of production supervisor + Indirect materials + Rent on factory equipment

Given that;

Salary of production supervisor = $2,000

Indirect materials = $400

Rent on factory equipment = $1,000

Therefore, Estimated manufacturing overhead ;

= $2,000 + $400 + $1,000

= $3,400

6 0
2 years ago
The following is a list of terms related to performance evaluation. 1. Balanced scorecard 5. Customer perspective 2. Variance 6.
strojnjashka [21]

Answer:

a. 2, b 8, c. 1, d. 3, e. 4, f. 5, g. 7, h. 6,

Explanation:

(a) <u>The difference between total actual costs and total standard costs is variance</u>. It can happen because of both external and internal factors. Labor variance, materials variance and overhead variances are example of variances.

(b) <u>Normal standards is described as the efficient level of performance which is attainable under expected operating conditions.</u>

(c)<u> Balance scorecard is defined as the approach that incorporates financial and non financial measures in an integrated system that links performance measurement and a company’s strategic goals.</u>

(d) <u>Learning and growth perspective is defined as the viewpoint employed in the balanced scorecard to evaluate how well a company develops and retains its employees.</u>

(e) <u>Non financial measures is described as an evaluation tool that is not based on dollars.</u>

(f) <u>Customer perspective can be defined as the viewpoint employed in the balanced scorecard to evaluate the company from the perspective of those people who buy its products or services.</u>

(g)<u> An optimum level of performance under perfect operating conditions is termed as ideal standards.</u>

(h)  <u>A viewpoint employed in the balanced scorecard to evaluate the efficiency and effectiveness of the company’s value chain is called Internal process perspective.</u>

3 0
3 years ago
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