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larisa86 [58]
3 years ago
6

At Onyx incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Ot

her details include:
WIP beginning (70% for conversion) 25,200 units
Units started 153,000 units
Units completed and transferred out 117,000 units
WIP ending (50% for conversion) 61,200 units
Beginning WIP direct materials $42,200
Beginning WIP conversion costs $28,200
Costs of materials added $434,100
Costs of conversion added $262,000
What is the total cost of units completed and transferred out?
A $660,030
B. $492,698
C $542,880
D. $709,762
Business
1 answer:
PIT_PIT [208]3 years ago
5 0

Answer:

A $660,030

Explanation:

Total cost of units completed and transferred out = Units Completed and Transferred x Cost per Equivalent Unit

Therefore,

Total cost of units completed and transferred out = 117,000

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Answer:

B

Explanation:

First, a monopoly produce less than the socially efficient quantity because as the figure shows, the quantity produced is determined by the intersection between the marginal cost curve (MC) and the marginal revenue curve (MR) and not by the intersection between the MC and the demand. For instance, there is a deadweight loss (shown by the figure).

Second, equilibrium price is always higher than in a competitive market because is always higher than the MC. The price is determined by the equilibrium quantity (found before) and the demand. Also, there are barries to entry and so monopolist have always price control.

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Delivering health care goods and services requires several inputs, in economic terms. These inputs can be classified as either Q
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Delivering healthcare goods and services requires several inputs in economic terms these inputs can be classified as either <u>labor</u><u> </u>or non-labor.

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g The company is deciding whether to drop product line Apple because it has an operating loss. Assuming fixed costs are unavoida
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Fruit Pie Inc. has three product lines—Strawberry, Cherry, and Apple. The following information is available:

                                         Strawberry     Cherry       Apple

Sales revenue                   $70,000​    $60,000​    $31,000​

Variable costs                    (20,000)     (15,000)     (11,000)

Contribution margin         $50,000​   $45,000​   $20,000

Fixed costs                        (20,000)       (5000)   (25,000)

Operating income (loss)  $30,000​  $40,000​      $(5000)

The company is deciding whether to drop product line Apple because it has an operating loss. Assuming fixed costs are unavoidable, if Berry Pie Inc. drops product line Apple and rents the space formerly used to produce product Apple for $20,000 per year, total operating income will be ________.

Group of answer choices

$25,000

$65,000

$11,000

$20,000

Answer:

Fruit Pie Inc.

Assuming fixed costs are unavoidable, if Berry Pie Inc. drops product line Apple and rents the space formerly used to produce product Apple for $20,000 per year, total operating income will be ________.

= $65,000.

Explanation:

a) Data and Calculations:

                                        Strawberry     Cherry       Apple

Sales revenue                   $70,000​    $60,000​    $31,000​

Variable costs                    (20,000)     (15,000)     (11,000)

Contribution margin         $50,000​   $45,000​   $20,000

Fixed costs                        (20,000)       (5000)   (25,000)

Operating income (loss)  $30,000​  $40,000​      $(5000)

Income Statement after the Elimination of Apple:

                                        Strawberry     Cherry    Total

Sales revenue                   $70,000​    $60,000​  $130,000

Variable costs                    (20,000)     (15,000)    (35,000)

Contribution margin         $50,000​   $45,000​    $95,000

Fixed costs                        (20,000)       (5000)    (25,000)

Fixed costs (Apple's)                                             (25,000)

Rent income                                                           20,000

Operating income (loss)  $30,000​   $40,000​)  $65,000

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Production and sales estimates for March for the Robin Co. are as follows:Estimated inventory (units), March 1 18,000Desired inv
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Answer:

No of units manufactured = No. of units sold + Closing units - Opening units

= 24000 + 21600 - 18000= 27600

Total selling expenses for february:

1. Sales commission = $ 700000 * 5% = $ 35000

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Advertisement = $ 90000

Shipping charges = $ 14000

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Total selling expenses = $ 6000 +$ 14000 $ 90000 + $ 96000 + $ 35000 = $ 241000

Explanation:

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2 years ago
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