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
vfiekz [6]
3 years ago
9

At the beginning of the month, the Forming Department of Martin Manufacturing had 11,000 units in inventory, 40% complete as to

materials, and 10% complete as to conversion. During the month the department started 61,000 units and transferred 63,500 units to the next manufacturing department. At the end of the month, the department had 8,500 units in inventory, 85% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department. Multiple Choice
Business
1 answer:
emmainna [20.7K]3 years ago
3 0

Answer:

  • Materials ⇒ 70,725 units
  • Conversion ⇒ 68,600 units

Explanation:

Using the weighted average method, the equivalent units are the Units transferred out plus the equivalent closing inventory.

Materials:

= Units transferred out + Closing equivalent units

= 63,500 + (85% * 8,500)

= 70,725 units

Conversion:

= 63,500 + (60% * 8,500)

= 68,600 units

You might be interested in
A ______ establishes a company's financial and strategic objectives, and provides a set of guidelines for achieving the desired
inysia [295]

Answer:

strategic plan

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Typically, to formulate strategies that are well aligned with the mission of an organization or business firm, some of the activities that needs to be performed includes the following;

1. Knowing your core competencies: this involves identifying your strengths such as knowledge, technology, underlying skill, experience, ability or process that enables you to perform exceptionally and provide a unique set of products or services that meets the needs of your customers.

2. Assessment of the organization's internal strengths and weaknesses: it gives an organization certain advantages, edge and disadvantages in meeting the needs of various customers by analyzing their strengths, weaknesses, opportunities and threats (SWOT).

3. Examination of the organization's external environment: this involves examining and identifying all the factors outside of an organization that affects its performance such as customers, government policies, competitors etc.

4. Analyze your competitors: organization should ensure they are always a step ahead of the their competitors in the industry.

In conclusion, a business strategy or strategic plan sets the overall direction for an organization or business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

8 0
2 years ago
Yoshino, Inc., a merchandising company, has the following budgeted figures:
erik [133]

Answer:

B

Explanation:

It is said that the required ending inventory for the month is $15000 and 20% of the next month's sales.

We are considering the month of march here, therefore the ending merchandise inventory is $15000- and 20% of April's sales.

Given:

April's sales = $91,000

Hence, 20% of April's sales = 0.2*91000 = $18200

Hence, ending merchandise inventory for March = 15000 + 18200 = $33,200

5 0
3 years ago
You are trying to explain to your friends the importance of using real GDP to measure economic health over time, but some of the
Yuri [45]

Answer: $15,909.09

Explanation:

Nominal GDP is the value of goods and services that is calculated on the basis of current year prices whereas Real GDP is the value of goods and services that is determined on the basis of Base year prices. If we are using the identical price for both the years for calculating GDP then we can see the increment in the current year GDP from the last year. This means that the quantity of goods produced in the current year is larger than the last year. That's why it is important to use Real GDP rather than Nominal GDP.

Given that,

Nominal GDP (millions of dollars) = $14000

Price level (GDP deflator) = 88

\text{GDP dflator}=\frac{Nominal\ GDP}{Real\ GDP}\times100

\text{88}=\frac{14,000}{Real\ GDP}\times100

Real GDP = 159.09 × 100

                = $15,909.09

Hence, Real GDP = $15,909.09.

Therefore, Real GDP is greater than Nominal GDP hence we can say that the amount of good produced is worth more than $14,000.

3 0
3 years ago
Higado Confectionery Corporation has a number of store locations throughout North America. In income statements segmented by sto
lubasha [3.4K]

Answer:

c. the cost of corporate advertising aired during the Super Bowl.

Explanation:

Financial statements show the financial position of a business for a given period, and the income statement compares revenue and expenses to get profitability of a business at a particular time.

Higado Confectionery Corporation has a number of store locations throughout North America. Since there is segmented income statement per store items like store manager salaries, store building depreciation expense and cost of goods sold at each store will appear in individual statements.

However when there is a corporate advertisement at the Superbowl all of the stores jointly benefit, so there will be a representation of this cost on all their income statements.

5 0
3 years ago
Scenario: You are an American Red Cross Disaster Program Specialist in charge of teams trained to help in sheltering displaced p
lawyer [7]

Answer: NIMS management characteristic Accountability is there in this situation.

Explanation:

The National Incident Management system controls major incidents and coordinates with the person to overcome such incidents based on some management characteristics. Accountability is one such characteristic where the check-in and check out are included.

Therefore, in the above situation, the Principle of Accountability is the management characteristic. According to the principle of Accountability, the manager is responsible to coordinate with the resources. It includes, checks in and check- out, personal responsibility, unity of command, etc.

7 0
3 years ago
Other questions:
  • Assignment Interview five family members or friends. Ask them how many energy drinks they would buy in a seven-day week at these
    12·2 answers
  • What is the top priority of dang udin soto, the street vendor?
    8·2 answers
  • The cost of wages paid to employees directly involved in the manufacturing process in converting materials into finished product
    10·1 answer
  • Dave's boss told him that he doesn't have to attend the company picnic (which everybody dislikes) if dave meets his sales quota
    14·1 answer
  • Identificar y describir 3 características de los períodos contables
    11·1 answer
  • A bank has Tier I capital of $90 million and Tier II capital of $70 million. The bank has total assets of $2,522 million and ris
    5·1 answer
  • Damien, an HR manager at Guidelines Inc., is preparing for a 5 percent increase in the production labor force next year. To do t
    7·1 answer
  • You are torn between two saving accounts where to put your $1,500 in scholarship money for a year until you need it for next yea
    5·1 answer
  • URGENT- FINANCIAL MATH.One of the variable expenses that Roxy knows she’ll need to include in her budget is utilities. She decid
    10·1 answer
  • if you are interested in a career in the hospitality industry, it is important that you enjoy the following:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!