Too much planning on the job can get in the way of enjoying things.

Production cost information for the Molding department follows. Beginning work in process Direct materials $ 49,000 Conversion 5

irinina [24]

Based on the beginning work in process and the costs added in the period, the Equivalent Units of Production for direct materials is $342,000.

<h3>What is the EUP for direct materials?</h3>

This can be found by the formula:

= Beginning WIP for raw materials + Costs added this period

Solving gives:

= 49,000 + 293,000

= $342,000

Find out more on Equivalent Work in Process at brainly.com/question/16259709.

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7 0

2 years ago

Presented below is information related to Wise Company at December 31, 2017, the end of its first year of operations.

Elenna [48]

Answer and Explanation:

The computation is shown below:

Sales revenue $775,000

Less: Cost of goods sold 350,000

Gross profit 425,000

Less: Selling administrative expenses 125,000

Income from operations 300,000 (a)

b.

Income from operations

Other revenues and gains

Add: Gain on sale of plant assets 75,000

Other expenses and losses

Income before other expenses and losses 375,000

Less: Interest expense 15,000

Income from continuing operations 360,000

Less: Loss on discontinued operations (30,000)

Net Income 330,000 (b)

c.

Net income

Less: Allocation to noncontrolling interest (100,000)

Net income attributable to controlling shareholders $230,000 (c)

d.

Net income $330,000

Add: Unrealized gain on available-for-sale investments 25,000

Comprehensive income $355,000 (d)

e. Retaining earnings opening balance $0

Add: Net income $330,000

Less: Dividends (12,000)

Closing Retained earnings $318,000 (e)

7 0

3 years ago

The data for demand curve D indicate that at a price of $0.30 per Greebe, buyers would be willing to buy __________ million Gree

Semmy [17]

Answer:

150

50

quantity demanded

Explanation:

Please find attached the data needed to answer this question

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

The demand schedule is a table that shows the relationship between price and quantity demanded of a consumer. It can be seen that the higher the price, the lower the quantity demanded. This is in line with the law of demand.

The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.

Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.

Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :

1. a change in consumers' expectation

2. a change in the taste of consumers

3. a change in income