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
STALIN [3.7K]
3 years ago
6

MC Qu. 94 A company uses a process... A company uses a process costing system. Its Assembly Department's beginning inventory con

sisted of 57,200 units, 75% complete with respect to direct labor and overhead. The direct labor beginning inventory costs were $10,700. The department completed and transferred out 109,500 units this period. The ending inventory consists of 47,200 units that are 25% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $42,000 and overhead costs of $50,000 for the period. Assuming the weighted average method, the direct labor cost per equivalent unit (rounded to the nearest cent) is:
Business
1 answer:
Eddi Din [679]3 years ago
3 0

Answer:

$0.43

Explanation:

                                  Equivalent Units

                                                                                         Labor

                                                                       % Completion       Units

Units Completed and Transferred out                100%             109,500

Ending Work in Process                                       25%               <u>11,800   </u>

Total Equivalent units                                                                 <u>121,300  </u>

<u />

Particulars                                         Amount

Beginning work in Process               10,700

Cost Added during May                    <u>42,000</u>

Total cost added during the year   <u>$52,700</u>

<u />

Cost per Equivalent unit = Total cost added during the year / Total Equivalent units

Cost per Equivalent unit = $52,700 / 121,300 units

Cost per Equivalent unit = 0.43446002

Cost per Equivalent unit = $0.43

You might be interested in
The Payroll records of Oregon Mist contained the following information for the month of November: Salaries $ 350,000 FICA Taxes
uysha [10]

Answer: D. debit to Payroll Tax Expense of $26,950.

Explanation:

We should note that the payroll tax expense will consist of the federal unemployment tax, the state unemployment tax and the FICA taxes. This will then be:

= 3500 + 1750 + 21700

= 26950

Therefore, the journal entry to record the monthly Payroll Tax Expense would include debit to Payroll Tax Expense of $26,950.

8 0
3 years ago
a report must be sent promptly to FINRA if a registered employee of a member firm for all of the following EXCEPT: A has violate
Gnom [1K]

Answer:

D

is ticketed for careless driving

Explanation:

FINRA Rule 4530 says one can report

each member of the firm promptly to FINRA, within 30 calendar days,

6 0
3 years ago
Why are labor unions able to negotiate effectively with companies where individual workers can't?
ra1l [238]

Answer:

Labor unions can use the power of collective bargaining and strikes to make management listen. Instead of using the power of one, easily replaced worker, the union uses the power of all workers for leverage.

Explanation:

5 0
2 years ago
Read 2 more answers
A ______ exists when there is a substantial difference between an expected condition and the actual condition.
KiRa [710]
The answer to this question is a problem.

Problem is a situation that everybody encounters that is needed for a solution or a specific result. Problems cannot be ignored or avoided, a person should should know how to solve it and deal with the problem once it hits you. In order to deal with problems, a person should always focus on the outcome and the possible solution to it.
5 0
3 years ago
Taylor must send a bad-news message to a client and indicate to her that he will be unable to meet a delivery deadline. What sho
Illusion [34]

Answer: d) Analyze the bad news to see how it will affect his reader.

Explanation:

The first thing that Taylor should do is to analyze the bad news so that he can predict the likely effect on the client.

Once he predicts this, he can be able to deliver the bad news in such a way that the client would not be too annoyed by it. It would also allow him to offer alternatives that might be applicable and doable to the client.

7 0
2 years ago
Other questions:
  • Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Division Queensland New South
    14·1 answer
  • How much would it cost for Chester Corporation to repurchase all its outstanding shares if new brokerage fees totaled 1% of the
    11·1 answer
  • One of the most explosive areas of growth in recent years has been cellular phone networks
    7·2 answers
  • Citicorp buys a call option on Euro (contract size is Euro 2,000,000) at a premium of $0.02 per Euro. If the exercise price is $
    5·1 answer
  • Which of the following is the term often used to describe a defective vehicle?
    14·1 answer
  • Hannah was fired by Friendly Catering Company (FCC) without a valid reason. The company's employee handbook stated that employee
    5·1 answer
  • The cost of producing a good and getting it to the customers is called the _____ .
    10·1 answer
  • "Raising the interest rate on reserves above the current fed funds rate means that the floor of reserve demand will push the equ
    13·1 answer
  • When participating in fiscal planning, a leader should perform what role?
    12·1 answer
  • How can you minimize your risk while maximizing your potential gains?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!