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
Rashid [163]
3 years ago
6

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th

e process. For the month of January, there were no units in the beginning work in process inventory; 80,000 units were started into production in January; and there were 20,000 units that were 40% complete in the ending work in process inventory at the end of January. What were the total equivalent units of production for conversion costs for the month of January
Business
1 answer:
Sav [38]3 years ago
5 0

Answer:

Equivalent units of production= 68,000 units

Explanation:

Giving the following information:

Units started and completed= 80,000 - 20,000= 60,000

Units in ending inventory= 20,000 nits that were 40% complete in the ending work in process inventory at the end of January.

<u>To calculate the equivalent units for conversion costs, we need to use the following formula:</u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 60,000 + (20,000*0.4)

Equivalent units of production= 68,000 units

You might be interested in
Which of the following is important in determining the extent of competition in an industry?
diamong [38]
The answer is c

i hope that helped
5 0
3 years ago
Suppose that in 2010, the producer price index increases by 1.5 percent. as a result, economists most likely will predict that?
DiKsa [7]

Suppose in 2010, the producer price index increases by 1.5 percent. As a result, the economists are most likely to predict that the consumer price index will increase in the future.

The producer price index is used in order to measure inflation from the perspective of costs to industry. Thus, the producer price index measures the cost of a group of goods and services which are purchased by firms.

Whereas the consumer price index refers to an average of the prices received by producers of goods and services at all the stages of the production process. Thus, when the producer price index increases by 1.5 percent, this is the indication that consumer price index will increase in the future.

Hence, higher producer prices means that consumers will pay more when they buy.

To know more about producer price index here:

brainly.com/question/6335529

#SPJ4

3 0
2 years ago
A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 1
jeyben [28]

Answer:

A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as: a retail communication.

Explanation:

Hope this helps!

Mark me as Brainlineast.

3 0
3 years ago
Detailed information about the financial statement elements is maintained in records commonly called?
sergij07 [2.7K]

Detailed information about the financial statement elements is maintained in records commonly called "Accounts'

An account in accounting is a general ledger entry that is used to categorize and record transactions. For example, businesses will have a Cash account where they may record each transaction that raises or reduces the amount of cash they have on hand.

Three different accounts exist.

  1. Real account: It links assets and obligations; it excludes accounts for specific individuals. They continue every year.
  2. Personal accounts link the accounts of people,
  3. Businesses, and organizations. All accounts for income, spending, losses and profits are related by a nominal account.

To learn more about financial statements

brainly.com/question/26243955

#SPJ4

4 0
2 years ago
Isamu owns I Pity the Foot, a retail shoe store. Isamu carefully controls costs by ordering in bulk, limiting labor costs, and r
olasank [31]

Since Isamu carefully controls costs by ordering in bulk, limiting labor costs, and renting the additional space in his building to another business, then he is an example of an efficient manager.

An efficient manager refers to a manager that uses limited resources in order to do a particular job in a professional manner.

It should be noted that an efficient manager identifies his or her priorities and develop structures to accomplish the objectives. In this case, Isamu carefully manages the available resources, therefore, he's an <em>efficient manager</em>.

Read related link on:

brainly.com/question/25383149

4 0
3 years ago
Other questions:
  • Concord Corporation planned to use 1 yard of plastic per unit budgeted at $91 a yard. However, the plastic actually cost $90 per
    10·1 answer
  • On july 7, smithview bank lent $430,000 to andrews retail shop on a 90 day, 6% note. what is the maturity date of the note?
    12·1 answer
  • Nabisco used a free-standing rack in the shape of a bus to promote its Ritz and other cracker products. The goal of the sales pr
    10·1 answer
  • The ratios that are used to determine a company's short-term debt paying ability are
    11·1 answer
  • Alpha Company is preparing its cash budget for the month of May. The company estimated credit sales for May at $200,000. Actual
    12·1 answer
  • aner, Harris &amp; Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm ha
    13·1 answer
  • Why do you think that the decision making is crucial part of your life?give reason.​
    6·1 answer
  • The difference between _______ interest and compound interest is that the amount of compound interest earned gets (bigger or sma
    15·1 answer
  • If a company decreases its selling price by $4 per unit, due to a decrease in its direct material cost of $4 per unit, the break
    11·1 answer
  • When a company decides to manage the supply chain as a complete system and treat it as an important function, it is ________.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!