Well... Don’t get why.

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in

olchik [2.2K]

Answer:

e. $2.16

Explanation:

Richards Corporation

Weighted-Average Method

Fabricating Department:

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Completed &

transferred out: 360,000 100 100 360,000 360,000

Ending Inv: 35,000 40% 15% 14000 5250

Equivalent Units 374,000 365250

Costs Direct Materials Conversion

Beg. Work in Process - : $47,200 $89,700

Costs incurred in October - $759,920 $929,300

Total Costs 807,120 1,019,000

Cost Per Equivalent Unit = Total Costs/ Equivalent Units

Cost Per Equivalent Unit Materials = 807120/ 374,000= $ 2.158 ≅$ 2.16

We divide the total costs of Materials with the total Equvilant units of Materials to get Cost Per Equivalent Unit of Materials which is 2.16

7 0

3 years ago

What is meant by circular?

Reptile [31]

Answer:

A circular definition is one that uses the term(s) being defined as a part of the definition or assumes a prior understanding of the term being defined. There are several kinds of circular definition, and several ways of characterising the term: pragmatic, lexicographic and linguistic.

3 0

3 years ago

Kareem owns a pickup truck that he uses exclusively in his business. The adjusted basis is $22,000, and the fair market value is

Novosadov [1.4K]

Answer:

The "Kareem" realized loss on the exchange is $8000.

Explanation:

The adjusted basis is = $22000

"Fair market value" is = $14000

"Kareem" exchanges the truck for another truck = worth $14000

"Realized gain" or "Realized loss = basis in the truck - exchange value

Realized gain or loss = $22000 - $14000

Realized gain or loss = $8000

Kareem's loss on the exchange is $8000.

There is no "recognized gain" or "recognized loss" because the exchange is like a kind exchange which is not documented.

5 0

4 years ago

Companies that develop customized business software often work closely with their users when installing their products. this clo

7nadin3 [17]

This close contact often creates new product ideas through "customers input or listening to customers".

The significance of client or customer input increments with market originality of an item up to a point and after that drops off for new items, though the significance of customer input increments with technological newness of an item without dropping off. We likewise found that the significance of customer input essentially builds the utilization of client concentrated statistical surveying techniques; while, neither market nor innovative item novelty in themselves had much direct impact on explore strategies.

7 0

3 years ago

Organizations in rapidly changing environments tend to have ____ management processes

Deffense [45]

Organic management practices are very flexible which allows for frequent changes in the structure, organization and processes. When compared to mechanistic organization which is structured around a hierarchy and contibuters perform specific roles, organic structures are centered around external factors and normally avoids layers of supervisors and managers on a ranking system.

3 0

3 years ago