U.S. businesspeople are often accused of ethnocentricity. This means that

Vital Industries manufactured 2,400 units of its product Huge in the month of April. It incurred a total cost of $132,000 duri

Lera25 [3.4K]

Answer:

$55 per unit

Explanation:

The computation of the total cost per unit of the product is shown below:

= Total cost incurred ÷ number of units manufactured

= $132,000 ÷ 2,400 units

= $55 per unit

BY dividing the total cost incurred with the number of units manufactured we can get the total cost per unit

All other information i.e shown is not relevant. Hence, ignored it

8 0

2 years ago

In a lease that is recorded as a finance- sales type lease by the lessor, interest revenue ___________.a. should be recognized o

valina [46]

Answer:

B

Explanation:

In a lease that is recorded as a finance- sales type lease by the lessor, interest revenue should be recognized over the period of the lease using the effective interest method

The effective interest method uses a constant rate of interest applied to any outstanding lease obligation. Though the interest rate being constant, the interest

expense will be different each period because the obligation outstanding changes each period, so this should be recognized when recorded

8 0

3 years ago

On March 1, the Mixing Department had 550 rolls of paper in process. During March, the Mixing Department completed the mixing pr

inn [45]

For the Mixing Department, the following journal entries are prepared.

Journal Entries:

1. Debit Work in Process $13,095

Credit Direct materials $5,720

Credit Direct labor $4,125

Credit Manufacturing overhead $3,250

To record costs of materials, labor, and manufacturing overhead allocated.

2. Debit Transfer out $13,630

Credit Work in Process $13,630

To record the cost of units completed and transferred out.

Data and Calculations:

Direct Direct Mfg o/h Total

Materials Labor Allocated Costs

Beginning inventory $280 $365 $180 $825

Costs added in March 5,720 4,125 3,250 13,095

Total costs $6,000 $4,490 $3,430 $13,920

Physical Direct Conversion

Units Materials Costs

<u>Units to account for:</u>

Beginning Work in process 550

Started in March 4,650

Total units to account 5,200

Completed & transferred 4,700

Ending work in process 500

<u>Units accounted for:</u>

Ending work in process 500 100 (20%) 100 (20%)

Completed & transferred 4,700 4,700 (100%) 4,700 (100%)

Total equivalent units 4,800 4,800

Direct Conversion Total

Materials Costs Costs

<u>Costs to account for:</u>

Beginning inventory $280 $545 $825

Costs added in March 5,720 7,375 13,095

Total costs $6,000 $7,920 $13,920

Total equivalent units 4,800 4,800

Cost per equivalent unit $1.25 $1.65

($6,000/4,800) ($7,920/4,800)

<u>Costs accounted for:</u>

Completed & transferred $5,875 $7,755 $13,630

(4,700 x $1.25) (4,700 x $1.65)

Ending inventory $125 $165 $290

(100 x $1.25) (100 x $1.65)

Total costs accounted $6,000 $7,920 $13,920

Learn more: brainly.com/question/24246457

7 0

2 years ago

Why is it that restaurants have been so slow in adopting analytics

nexus9112 [7]

Answer:

the restaurant industry has been slow to adopt data analytic. Rising food and labor costs are also forcing restaurants to become more efficient.Technology must and is playing a key role to optimize the bottom line and provide a great guest experience

Explanation:

25% of those restaurants surveyed indicated they plan to spend more money and time on technology in 2016. While 4 out of 5 of these same participants also admitted that technology makes them better by: increasing sales, improved productivity, and provides a competitive advantage.

Based on the survey responses mentioned above, there seems to be a high level awareness that technology and best practices will bring real value to a restaurant’s operations; but then perhaps a gap that leads to inaction when it comes to purchasing and implementing technology. When it comes to technology solutions designed to improve your pre-employment, onboarding, tax credit screening, I-9, and unemployment management process, Equifax can serve as a resource by providing best practices, resources, and solutions to help solve for your challenges.

4 0

2 years ago

10 points Item Skipped eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 7 Assume Organic Ice Cream Compa

serious [3.7K]

The completion of separate depreciation schedules for each of the alternative depreciation methods is as follows:

<h3>a. Straight-line Method:</h3>

Year Cost Annual Depreciation Accumulated Net Book

Depreciation Value

Year 1 $20,000 $4,455 $4,455 $15,545

Year 2 $20,000 $4,455 8,910 11,090

Year 3 $20,000 $4,455 13,365 6,535

Year 4 $20,000 $4,455 17,820 2,180

<h3>b. Units-of-production Method:</h3>

Year Cost Annual Depreciation Accumulated Net Book

Depreciation Value

Year 1 $20,000 $7,128 $7,128 $12,872

Year 2 $20,000 $5,346 12,474 7,526

Year 3 $20,000 $3,564 16,038 3,962

Year 4 $20,000 $1,782 17,820 2,180

<h3>c. Double-declining-balance Method:</h3>

Year Cost Annual Depreciation Accumulated Net Book

Depreciation Value

Year 1 $20,000 $10,000 $10,000 $10,000

Year 2 $20,000 $5,000 15,000 5,000

Year 3 $20,000 $2,500 17,500 2,500

Year 4 $20,000 $320 17,820 2,180

<h3>Data and Calculations:</h3>

Cost of asset = $20,000

Residual value = $2,180

Depreciable amount = $17,820 ($20,000 - $2,180)

Estimated productive life = 4 years or 9,900 hours

<h3>Annual depreciation rates:</h3>

Straight-line method = $4,455 ($17,820/4)

Units-of-production Method per unit = $1.8 ($17,820/9,900)

Double-declining-balance Method rate = 50% (100/4 x 2)

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3 0

1 year ago