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solniwko [45]
3 years ago
12

Charlie Chairs Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materi

als and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for February 2017 are: Work in process, beginning inventory, 30% converted 200 units Units started during February 800 units Work in process, ending inventory 240 units Costs for Department A for February 2017 are: Work in process, beginning inventory: Direct materials $150,000 Conversion costs $210,000 Direct materials costs added during February $603,000 Conversion costs added during February $429,000 How many units were completed and transferred out of Department A during February
Business
1 answer:
UNO [17]3 years ago
6 0

Answer:

Units transferred out = 760

Explanation:

If we assume that all units are completed in the order of arrival i.e (FIFO), then the units transferred out is the sum of the opening inventory and the units started and completed in the period. The units started and completed in the period is referred to fully-worked.

Fully worked is computed as the units started in the period less the closing inventory .

Fully- worked = 800 - 240 = 560

The units transferred out = opening inventory + Fully-worked

                                          = 200 + 560 = 760

Units transferred out = 760

Note we assumed that the units of the inventory( started last period i.e January) would be worked on first in the month of February  before any other units. So, it is assumed completed by the end of February

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Explanation:

When using the accelerated method of depreciation, depreciation amounts are higher in the earlier years unlike the straight-line method where depreciation is constant throughout the life of the asset.

The difference between the depreciation according to Straight-line and depreciation will be sent to the accumulated depreciation account as a credit to reflect the change and the depreciation for the period.

4 0
3 years ago
Kodak was once the largest supplier of photographic film. In 2004 it was dropped from the Dow Jones Industrial Average after hav
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Answer:

The answer is: Threat of Substitutes

Explanation:

In this case Kodak film was replaced by a different technology (digital cameras) that solved the same economic need, photography. A digital camera captures photographs and stores them in a digital memory. There was no demand for photographic film anymore.  

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3 years ago
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julsineya [31]

Answer:

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Explanation:

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Period

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Future Value of annual savings

= FV

= $64000*(1 + 0.03)^25

= $134,001.79

Future Value of social security

= FV

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= $54,438.23

Annual Investment required at age of 68

= $134,001.79 - $54,438.23

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Inflation Adjusted Rate

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7 0
4 years ago
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Global Trade, or commerce, involves the transfer of the ownership of goods or services, from one person or entity to another, in exchange for money goods or services. Help to Grow the Society.


4 0
3 years ago
​The key to good market intelligence is to _____ data, which means to explore, compare, and contrast data from multiple sources
agasfer [191]

Complete question:

​The key to good market intelligence is to _____ data, which means to explore, compare, and contrast data from multiple sources before it can be validated.

a. triangulate

b. minimize

c. gather

d. collect

e. assemble

Answer:

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Nevertheless, triangulation does not actually have the purpose of cross-validating results, but of collecting different dimensions of the same phenomena.

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