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
quester [9]
2 years ago
9

3. How would your answer in part 2 change if the percentage of completion in ending inventory were as follows: materials 30%, co

nversion 40%
Business
1 answer:
dalvyx [7]2 years ago
5 0

Answer and Explanation:

The computation is shown below:

<u>Particulars    direct   %                Equivalent Conversion %          Equivalent</u>

<u>                    material  completion units                              Completion   Units</u>

Beginning

WIP            1,020         100%         1,020      1,020         100%         1,020

Units

started       3,700       100%          3,700       3,700       100%          3,700

(7,200 - 3,500)

Ending

WIP           3,500        30%          1,050       3,500         40%           1,400

<u>Equivalent</u>

<u>units                                             5,770                                            6,120</u>

You might be interested in
How many questions does Brainly let you ask ???
crimeas [40]

Answer:

Depends on the amount of points you have, as long as you have 10 points at all times you can always a question. It is pretty much unlimited until you run out of points, once you run out you can always answer someones questions to get more points to ask more questions!

Explanation:

5 0
3 years ago
During 2020, Desert Company introduced a new product carrying a two-year warranty against defects. The estimated warranty costs
tankabanditka [31]

Answer:

                 Estimated Warranty Liability December 31, 2020

                                                 Debit                                                 Credit

                                                                  Beginning balance          $0

Actual Warranty Expenditure $12,000    Estimated total cost of    $48,000

                                                                  Warranty $800,000*6%

Ending Balance                      $36,000

                                                $48,000                                             $48,000

                Estimated Warranty Liability December 31, 2020

                                                 Debit                                                 Credit

2021  Servicing Expense       $35,000    Beginning balance        $36,000

Ending Balance                      $61,000     Estimated total cost of  $60,000

                                                                  Warranty $1,000,000*6%

                                                $96,000                                             $96,000

So, the company should report an estimated warranty liability of $61,000 at Dec 31, 2021

3 0
2 years ago
During the current month, Ringling Company incurs the following manufacturing costs:
melisa1 [442]

Answer:

Part a

Debit  : Raw material $4,200

Credit : Accounts Payable $4,200

Part b

Debit  : Salaries $18,000

Credit : Salaries Payable $18,000

Part c

Debit  : Factory utilities $2,200

Debit  : Factory Insurance $1,800

Debit  : Depreciation  $3,500

Credit : Overheads $7,500

Explanation:

The journal entries for each type of manufacturing cost have been prepared above.

7 0
2 years ago
You bought a stock three months ago for $51.27 per share. The stock paid no dividends. The current share price is $55.36. What i
MA_775_DIABLO [31]

Answer:

APR= 23.91%

EAR= 8%

Explanation:

A stock was bought at $51.27 three months ago

The current share price is $55.36

Therefore the APR of the investment can be calculated as follows

= 55.36-51.27/51.27

= 4.09/51.27

= 0.0797

= 7.97%

APR= 3×7.97

= 23.91%

EAR= (1+0.079/3)^3-1

= 1+0.0263^3-1

= 1.026^3-1

= 0.08×100

= 8%

5 0
3 years ago
firms that spend the greatest percentage of their revenue on advertising tend to be firms that sell question 30 options: highly-
HACTEHA [7]

The correct answer is highly differentiated consumer goods. Firms that sell extremely differentiated shopper products square measure additional possibility to pay an outsized share of their revenue on advertising.

Excellent competition has the biggest variety of suppliers. A natural monopoly is a happening of monopoly thanks to high fastened and start-up value or use of some technological completely different that keeps the opposite corporations out of the market that the firm that gives electricity to all or any homes contains a natural monopoly.

A natural monopoly exists in a very explicit market if one firm serves that market at a lower value than any combination of 2 or additional corporations.

To learn more about monopoly, visit here

brainly.com/question/599262

#SPJ4

5 0
1 year ago
Other questions:
  • ___________ is the ability of a product to satisfy a customer
    15·2 answers
  • A central question that must be addressed in bankruptcy proceedings is whether the firm's inability to meet scheduled interest p
    11·1 answer
  • Fried donuts has sales of $764,900, total assets of $687,300, total equity of $401,300, net income of $68,200, and dividends pai
    5·1 answer
  • On January 1, year 1, a company grants 5,000 nonqualified stock options to an employee with a strike price of $3 per option and
    7·1 answer
  • 34. Consider a binary (digital) option on a stock currently trading at $100. The option pays a $1 if the stock price goes below
    13·1 answer
  • A(n) _____ is central to individuals and organizations of all sizes and ensures that information can be shared across all busine
    10·1 answer
  • Assume that at the current market price, a perfectly competitive firm's profit-maximizing level of output yields total revenues
    6·1 answer
  • There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season ticket
    11·1 answer
  • Lindon Company is the exclusive distributor for an automotive product that sells for $54.00 per unit and has a CM ratio of 30%.
    14·1 answer
  • Jacobi Supply Company recently ran into certain financial difficulties that have resulted in the initiation of voluntary settlem
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!