Answer:
Option C is Correct ($56,400)
Cost of the company's ending work-in-process inventory=$56,400.
Explanation:
Option C is Correct ($56,400)
Given:
Ending Work in process=2000 units
Conversion= $22
Material= $15
Completed units=15,000 units
Required:
Cost of the company's ending work-in-process inventory=?
Solution:
Material Cost= $15
Conversion Cost= $22 *60%
Conversion Cost= $13.2
Total Cost=Material Cost+Conversion Cost
Total Cost=$15+$13.2
Total Cost= $28.2
Cost of the company's ending work-in-process inventory=Ending Work in process*Total Cost
Cost of the company's ending work-in-process inventory=2000*28,2
Cost of the company's ending work-in-process inventory=$56,400.
Answer: The price of peanuts realitve to that of raisins must be 2.
Explanation: Mathematically, relative prices are defined as:
Relative price of Good A with respect to Good B = Price of A / Price of B
So: Relative price of peanuts respect to raisins = Price of peanuts / Price of raisins
...
<u>Relative price of peanuts respect to raisins = 4 / 2 = 2.</u>
<u></u>
Answer: Option C
Explanation: Organizing is the administrative role that typically follows after planning, from the point of view of businesses. Organizing includes assigning tasks and assigning authority to accomplish goals and objectives with sufficient accountability and allocating resources throughout the organization.
Organizing includes creating deliberate task structures by defining and listing the tasks necessary to achieve a company's objectives. In simple words, Organizing is creating successful relationships of power between specified employers, people, and workplaces so that the community can work effectively together. Or the separation of work into branches and divisions.
Thus, from the above we can conclude that the correct option is C .
Answer:
<em>$0.48 per client-visit; $22,856 per month</em>
Explanation:
Where,
y2 is the total cost at highest level of activity; y1 is the total cost at lowest level of activity; x2 are the number of units/labor hours etc. at highest level of activity; and x1 are the number of units/labor hours etc. at lowest level of activity
<em>Variable Cost per Unit </em>
= (28,904 -28,227) / (12,600-11,199)
= $0.48
<em>
Total Fixed Cost </em>
= y2 ? bx2
= 28,904 - $0.48 * 12600
= $22,856.00
Answer:
Sept 6. DR Inventory (80 * 20) 1,600
CR Accounts Payable $1,600
Sept 9. DR Inventory 80
CR Cash 80
Sept 10. DR Accounts Payable 63
CR Inventory 63
Sept 12. DR Accounts Receivable (26 * 31) 806
CR Sales Revenue 806
DR Cost of Goods Sold (21 * 26) 546
CR Inventory 546
Sept 14. DR Sales Returns and Allowances 31
CR Accounts Receivable 31
DR Inventory 21
CR Cost of Goods Sold 21
Sept. 20 DR Accounts Receivable (30 * 32) 960
CR Sales Revenue 960
DR Cost of Goods Sold (30 * 21) 630
CR Inventory 630
