Answer:
The cost for conversion as per equivalent unit of production is $5.85
Explanation:
Formula for cost of conversion per equivalent unit of production =
Total cost / Equivalent units of production
Equivalent cost of production for conversion is given = 95,000 UNITS
CALCULATING TOTAL COST =
Cost of beginning work in progress + Cost incurred in February ( conversion )
= $36,000 + $ 520,000
= $556,000
Putting the values of total cost and equivalent units of conversion in formula-
= $ 556,000 / 95,000
= $5.85
Answer:
d. Reduce average Inventory
Explanation:
Inventory turnover ratio represents how quickly an entity's inventory is converted into sales and cash is generated.
Inventory turnover in days is computed as;
= 
Inventory turnover ratio can be computed as:
= 
Average stock = 
wherein, Op stock = Opening stock
Cost of Goods Sold = Sales - Gross Profit
A reduction in the average inventory level would increase the inventory turnover ratio, and thus reduce the inventory conversion period from 80 days to a lower level.
Answer:
10 tabletops
Explanation:
Given that her basic weekly income is $300
Hence for her to meet are target of $1000 she has to work for the extra $700 since $300 is guaranteed
If one completed table top earn her $75
Hence she must complete 10 table tops to earn $750
Total earning = 750+300= $1050
Answer:
The correct answer is option C.
Explanation:
The law of diminishing marginal utility means that keeping other things at constant the marginal utility derived from the consumption of a commodity goes on declining with each additional unit of the commodity.
So, the marginal utility from the first unit will be highest, that from second unit will be lesser, that from third even lower and so on.
In the examples given above, Wesly's case is most applicable to this.
So, option C is the correct answer.
Answer:
B. expressed as a percentage of sales.
Explanation:
The common size income statement is the income statement where n each line the item on the income statement should be expressed as a percentage of sales
In the given options, the option B is correct as it shows that the depreciation would be expressed in sales percentage
Therefore all other options are wrong
