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Serjik [45]
3 years ago
7

A company using the FIFO method had beginning work in process inventory of 10,000 units and completed 75,000 units. They also ha

d 5,000 units in ending work in process inventory. The number of units started and completed equals_________
Business
1 answer:
Anna [14]3 years ago
8 0

Answer:

the number of units started and completed is 65,000 units

Explanation:

The computation of the number of units started and completed is given below:

= Units completed - beginning work in process inventory units

= 75,000 units - 10,000 units

= 65,000 units

Hence, the number of units started and completed is 65,000 units

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Bachrodt Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the c
marusya05 [52]

Answer:

Product margin= $4,728

Explanation:

Giving the following information:

Processing $ 21,600

Supervising $ 3,700

MHs (Processing) Batches (Supervising)

Product Y7 3,700 400

Product V0 6,300 600

Total 10,000 1,000

First, we need to calculate the estimated overhead rate for each activity:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Pocessing= 21,600/10,000= $2.16 per machine hour

Supervising= 3,700/1,000= $3.7 per batch

Now, we can allocate overhead to product Y7:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Pocessing= 2.16*3,700= $7,992

Supervising=3.7*400= $1,480

Total= $9,472

Finally, we can determine the product margin:

Product Y7:

Sales (total)= 102,200

Direct materials= (40,800)

Direct labor= (47,200)

Allocated overhead= (9,472)

Product margin= $4,728

6 0
3 years ago
In their battle for chocolate lovers, Godiva and Hershey's must divide the population into different categories of consumers, fo
Veseljchak [2.6K]

Answer:

a. True

Explanation:

Godiva is a well known chocolate shop and Hershey is renowned all over the world. To take over the market control both have divided consumers into different categories, e.g. luxury of buying chocolates versus cost-conscious who are willing to pay a subsequent amount only and those who are looking for quick energy boost so good labeling than those looking for a gift to loved ones so better outlook, although both have industries in the same market.

4 0
3 years ago
MC Qu. 01 Darius is considering buying new bedroom... Darius is considering buying new bedroom furniture. Naturally, he compares
marysya [2.9K]

Answer:

the total product offering.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, furniture, computer, soft drinks, motorcycles, shoes, clothes, etc.

A total product offering can be defined as all of the features and attributes of a product that a consumer evaluates when he or she is deciding whether or not to buy a particular product. Some of the important elements of a total product offering are price, convenience, guarantee, warranty, producer's reputation, buyers' past experience, speed of delivery, brand name, package, etc.

In this scenario, Darius wants to buy a new bedroom furniture. Naturally, he compares the various attributes of a product which include types, warranty, reputation, price, product experience, etc.

Hence, all of the components that Darius is evaluating make up the total product offering.

6 0
3 years ago
Elements of a sucessful entreptrneu
zlopas [31]

  • Knowledge Hungry. There are people whose personality predisposes them to running their own business. However, entrepreneurship like most skills is largely learned and perfected over time.
  • Persistence. The reason many people who’d love to be their own boss end up sticking to their 9-to-5 is because business is tough.
  • Self-Reliant. Great entrepreneurs are good managers. They know how to marshal the troops, rally them toward a cause and ensure everyone in the team is pulling their weight.
  • Change-Ready. The business environment is never static. It’s in a constant state of flux with ever changing technologies, regulations, competitors and customer expectations.
  • Self-Care. When you are an employee, you are part of a team working toward a defined goal. Ergo, you share with others the burden of achieving this goal.

5 0
3 years ago
Read 2 more answers
TL Lumber is evaluating a project with cash flows of −$12,800, $7,400, $11,600, and −$3,200 for Years 0 to 3, respectively. Give
Eddi Din [679]

Answer:11.82%

Explanation:

Yr C/ flow int Amount

1 7400. 1.08^2 8631.

2 11600. 1.08^1. 12,528

3 -3,200. 1 -3,200

Total reinvested amount

17959

MIRR=modified internal rate of return=

(17,959/12,800)^1/3-1

=1.1182-1=0.1182=11.82%

4 0
4 years ago
Read 2 more answers
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