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Doss [256]
3 years ago
12

Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throu

ghout the process. Direct materials are added at the beginning of the process. During November, the company transferred 795,000 units of product to finished goods. At the end of November, the work in process inventory consists of 206,000 units that are 80% complete with respect to conversion. Beginning inventory had $650,650 of direct materials and $143,970 of conversion cost. The direct material cost added in November is $4,354,350, and the conversion cost added is $2,735,430. Beginning work in process consisted of 65,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 65,000 were from beginning work in process and 730,000 units were started and completed during the period.Required: 1. Determine the equivalent units of production with respect to direct materials and conversion.2. Compute both the direct material cost and the conversion cost per equivalent unit. 3. Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending work in process inventory.
Business
1 answer:
son4ous [18]3 years ago
3 0
I’m not sure if I understand this,


But I’ll try to figure this one out


Just give me some time
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Attempts
jenyasd209 [6]

The following are topics in macroeconomics:

  1. The optimal interest rate for the Federal Reserve to target
  2. The effect of a large government's budget deficit on the economy's price level

The following are topics in microeconomics:

How a quota on textile imports affects the textile industry

<h3>What is microeconomics and macroeconomics?
</h3>

Microeconomics studies individuals and business decisions, while macroeconomics studies the government decisions and its impact on the economy.

Macroeconomics is a top-down approach while microeconomics is a bottom-up approach to analysing the economy.

To learn more about macroeconomics, please check: brainly.com/question/13244131

#SPJ1

4 0
1 year ago
If total change in cash = $44,000, net operating cash flows = $22,000, and net investing cash flows = ($13,000); then net financ
Mnenie [13.5K]

Answer:

Net financing cashflows are $ 35,000.

Explanation:

A company generates cashflow from three activities that are cash from operations , cash from financing activities and cash from investing activities. The company net cash flow is total of these above specified. So we can determine net financing cashflows from the equation given below.

<em>total change in cash = net operating cash flows + net investing cash flows + net financing cash flows</em>

net financing cash flows = $ 35,000

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8 0
3 years ago
A budget is used to do which of the following
Leya [2.2K]

Answer:

A budget is a financial plan used to estimate future income and expenses. The budgeting process may be carried out by individuals or by organizations. Budgets help an entity determine whether it can continue to operate with its projected income and expenses.

Explanation:

thank me later

6 0
3 years ago
We are taught that cleanliness is a vital part of daily life, that antibacterial soaps, cleaning products that completely elimin
Alexxandr [17]
The appropriate response is human microbiomes. The microbiome is characterized as the aggregate genomes of the organisms that live inside and on the human body. We have around 10 fold the number of microbial cells as human cells. 
The human microbiota comprises of the 10-100 trillion harmonious microbial cells harbored by every individual, principally microorganisms in the gut; the human microbiome comprises of the qualities these cells harbor
4 0
3 years ago
Provincial Inc. reported the following before-tax income statement items: Operating income $ 520,000 Loss on discontinued operat
geniusboy [140]

Answer:

$176,800

Explanation:

Operating income ×income tax rate

$520,000 × 34% = $176,800

Therefore Provincial would report $176,800 of income tax expense as a separately stated line item in the income statement because $520,000 is the operating income tax before-tax income statement items and 34% is the actual income rate.

4 0
3 years ago
Read 2 more answers
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