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
Svetlanka [38]
3 years ago
14

At the beginning of the month, the Forming Department of Martin Manufacturing had 29,000 units in inventory, 40% complete as to

materials, and 15% complete as to conversion. During the month the department started 98,000 units and transferred 100,000 units to the next manufacturing department. At the end of the month, the department had 27,000 units in inventory, 90% complete as to materials and 60% complete as to conversion. How many units did the Forming Department start and complete in the current month
Business
1 answer:
ankoles [38]3 years ago
3 0

Answer:

71,000 units.

Explanation:

Units started and completed = Units Completed - Units in Opening Inventory

therefore

Units started and completed = 100,000 units - 29,000 units = 71,000 units

thus,

Units started and completed  in the current month for the Forming Department is 71,000 units.

You might be interested in
A variety of different savings products are offered by financial institutions. Two of the most frequently sold savings investmen
nadya68 [22]

Answer:

Statement Savings Account is said to be a deposit account held by a bank where a customer can earn interest .

In Statement Savings Account, the interest will be relatively low and there may be a possibility of restricted number of withdrawals.

In Statement Savings Account, the interest rate gained can either increase or decline overtime while putting into consideration the interests rate set by the federal reserve.

In Statement Savings Account,  a good number of this said savings investment offers debit cards which allows a customer to withdraw money via an ATM Machine or through electronic transfer.

In Statement Savings Account, there may be restrictions as regards the minimum account balance.

while

  • In Certificates of Deposit, there is a strict requirement of meeting a minimum account and not being able to execute withdrawals from the said account for a given duration.
  • In Certificates of Deposit, there is a significantly higher interest rate that that of a savings account.
  • In Certificates of Deposit, a penalty is put in place for initiating withdrawals prior maturity.
  • In Certificates of Deposit, one is allowed to carry out withdrawals or roll the funds into a another certificate of deposit once the certificate of deposit term is completed.
3 0
3 years ago
What does the Lorenz Curve illustrate about the economy?
Alex_Xolod [135]

Answer:

Lorenz curve can be understood as a graphical representation of distribution of wealth or income among the population in a given economy.

Explanation:

Lorenz Curve was proposed by Max O. Lorenz in the year 1905 to represent inequality in the distribution of income among the given population. This curve illustrates that the distribution of wealth is not equal, where one section of the population has all the wealth or income of the economy and the other section of the population is left with none. Whereas in the case of perfect equality, each section of the population should receive an equal amount of wealth of the economy. This means that N% of the society should always have N% of income and not more and not less than that. Thus, this situation is hypothetical and thus, the idea of the Lorenz Curve comes into consideration.

6 0
3 years ago
Under variable costing income statements, product cost would include Direct materials only Direct materials, direct labor and fi
pantera1 [17]

Answer:

Direct materials and direct labor.

Explanation:

A variable cost is the one that vary depending on the level of production or sales. The cost increase or decrease according to the level of volume change.

The variable costing charges only direct costs (material, labour and variable overhead costs) into the cost of a product. It is lower than the cost calculated under absorption costing, that also include fixed manufacturing overhead.

Fixed manufacturing overhead is considered as a periodic cost and charged from the periodic gross profits.

4 0
4 years ago
Reinvesting cash flow allows a firm produce additional products and generate additional sales.
german
True I think I am not 100% sure
5 0
4 years ago
Brief Exercise 3-12 Record the adjusting entry for interest payable (LO3–3) Midshipmen Company borrows $17,000 from Falcon Compa
kati45 [8]

Answer:

Calculate the 2021 year-end adjusted balances of Interest Payable and Interest Expense.

July 1 2021    

   

Db Cash ________________________ 17000    

Cr Borrow payable______________________________  17000        

December 31 2021      

Db Interest expense______________ 1020    

Cr Interest payable_______________________________  1020  

   

June 30 2022          

Db Interest expense______________ 1020    

Cr Interest payable_______________________________  1020  

Explanation:

Borrow                       Loan__%I__ Int.___Amount      

July 1 2021 to December 31 2021  17000 6% 1020__18020

   

July 1 2021    

1    

Db Cash ________________________ 17000    

Cr Borrow payable______________________________  17000  

   

December 31 2021    

   

Db Interest expense______________ 1020    

Cr Interest payable_______________________________  1020  

   

June 30 2022    

   

Db Interest expense______________ 1020    

Cr Interest payable_______________________________  1020  

6 0
3 years ago
Other questions:
  • On October 1, 2017, Vaughn, Inc., leased a machine from Fell Leasing Company for five years. The lease requires five annual paym
    15·1 answer
  • A company acquires a subsidiary and will prepare consolidated financial statements for external reporting purposes. For internal
    6·1 answer
  • The current market interest rate for $1,000, 10-year bonds of large corporations in the food industry is 6.3 percent. If a large
    5·1 answer
  • The current​ zero-coupon yield curve for​ risk-free bonds is as​ follows: Maturity ​(years) 1 2 3 4 5 YTM 5.05 % 5.49 % 5.78 % 5
    5·1 answer
  • Practice Makes Perfect Inc. was started on July 1 of the current year. Practice Makes Perfect provides piano lessons for student
    9·1 answer
  • Purshed discounts based on total purches over a period of time are what discounts
    9·1 answer
  • A hospital revenue bond issue is being underwritten on a negotiated basis. The offering consists of $20,000,000 par value of ter
    6·1 answer
  • Which of the following statements ignores the concept of opportunity cost?
    12·1 answer
  • Tyco International CEO Dennis Koslowzki was convicted of fraud because he__________________.
    13·2 answers
  • Help i'm desperate time is tight
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!