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vodka [1.7K]
3 years ago
9

The material cost per equivalent unit using the weighted average costing method is calculated as a.total material costs to accou

nt for divided by equivalent units for materials. b.total material costs to account for divided by number of partially completed units for materials
Business
1 answer:
denis-greek [22]3 years ago
7 0

Answer:

total material costs to account for/equivalent units for materials

Explanation:

The formula to calculate the material cost per equivalent unit is given below:

= Total material cost ÷ material equivalent units

It means that if we divide the total material cost by the material equivalent unit so we can ge the material cost per equivalent unit

Hence, the above should be the answer

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If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in
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The owner has $2,000 more in assets. therefor the equity increased by 2,000
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3 years ago
Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2021 are as follows:
Lynna [10]

Answer:

Ending inventory : $868

Explanation:

FIFO (First-In-First-Out) is a method of inventory valuation where the inventory that is received first is sold first. In other words, the earliest inventory is used first. This is common for perishable inventory such as fruits and vegetables which if not used fast, will be wasted.

01/01/21 : Beginning Inventory : 200 units x $5 = $1000

01/15/21 : Purchases : 100 units x $5.3 = $530

01/28/21 : Purchases : 100 units x $5.5 = $550

Total units = 200 + 100 + 100 = 400 units

Units sold = Total inventory available for sale - ending inventory

= 400 - 160 = 240 units.

COGS:

Beginning Inventory : 200 units x $5 = $1000

Purchases : 40 units x $5.3 = $212

Cost of goods sold : $1000 + $212 = $1212

Ending inventory:

Purchases : (100 - 40) units x $5.3 = $318

Purchases : 100 units x $5.5 = $550

Ending inventory : $318 + $550 = $868

6 0
3 years ago
Agent Sam told a buyer that the fence line also marked the property line. Agent Sam knew that the property line did not extend t
FinnZ [79.3K]

Answer:

I dont know dude

Explanation:

My bad

6 0
2 years ago
Scarcity in economics means that: A) we often do not have sufficient resources to achieve our objectives. B) the wants of people
DanielleElmas [232]

Answer:

A) we often do not have sufficient resources to achieve our objectives

Explanation:

Scarcity is an economic problem that comes with scarce resources and unlimited wants. In this situation people have to decide on how to allocate resources better so as to satisfy their need, which involves opportunity cost.

Scarcity occurs when resources needs to satisfy ends are limited in supply. It is a foundational problem in economics.

5 0
3 years ago
Read 2 more answers
Custer County is considering raising revenues by imposing a $25 fee on couples who obtain a marriage license within the county.
Andreas93 [3]

Answer:

The payment serves as a fee for the service rendered by government. It is slightly different from a transaction-based tax due to the fact that a private party and the jurisdiction are involved in a transaction instead of the normal operation in a market transaction that occurs between two or more private parties. This also gives the payer a certain opportunity which is the right to get married under law.

Explanation:

The payment serves as a fee for the service rendered by the government. It is slightly different from a transaction-based tax due to the fact that a private party and the jurisdiction are involved in a transaction instead of the normal operation in a market transaction that occurs between two or more private parties. This also gives the payer a certain opportunity which is the right to get married under the law.

8 0
3 years ago
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