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
Sunny_sXe [5.5K]
3 years ago
14

Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in

ventory 510 $ 2.44 Apr. 20 Purchase 380 2.72 Dunbar sold 590 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.) Multiple Choice $747. $768. $838. $774.
Business
1 answer:
Alexandra [31]3 years ago
4 0

Answer:

$768

Explanation:

The computation of the ending inventory using weighted average cost is shown below:

But before that average cost per unit is

= (510 × $2.44 + 380 × $2.72) ÷ ($510 + $380)

= ($1,244.40 + $1,033.60) ÷ (890)

= $2.56

Now the ending inventory is

= (890 - 590) × $2.56

= $768

You might be interested in
If a purchase is a new buy for a manufacturer, the seller should be prepared to act as a consultant to the buyer, expect a long
VMariaS [17]

Answer:

d. work with technical personnel.

Explanation:

In the given scenario a manufacturer is making a new buy from a seller. This is a risky investment for the buyer because of uncertainty on how the product will perform and lack of technical know-how in operating the product.

The buyer therefore will require the seller to act as a consultant in case of issues arising from the use of the product, buying decision will take a long time because the buyer will want a good fit for their operations, and more work will be done with technical personnel to train them on how to use the product

8 0
3 years ago
Flowchart of Accounts Related to Service and Processing Departments
MakcuM [25]

Answer:

Main route:

Smelting --> Rolling --> Converting --> Sheared Sheet

Secondary route     -->

Smelting --> Rolling -->  rolled sheet

1) Smelting trasnferred materials into Rolling

2) It will be part of that department work in process inventory

"WIP SConverting debit then factorty overhead credit"

Later it will be transferred out as a complete process therefore,

Finished good Inventory - Shared sheet

3) the Smelting department transfer the entire of his output into Rolling department

4) the finished good will become cost of good solg once they are sold.

·

Explanation:

We have to read he description of how the processing system works and check to whichdeparmtent are the goods being transferred or sold.

7 0
3 years ago
Blue corporation's standards call for 2,500 direct labor-hours to produce 1,000 units of product. during may 900 units were prod
Vladimir [108]
Given:
standard hours: 2,500 dl for 1,000 units
actual hours: 2,400 dl for 900 units

Standard direct labor-hours per unit = 2,500 direct labor-hours ÷ 1,000 units= 2.5 direct labor-hours per unit

Standard hours allowed = 2.5 direct labor hours per unit × 900 units<span>= 2,250 hours

The standard hours allowed for may production would be 2,250 hours.</span>
6 0
3 years ago
Suppose that market demand is Q = 660 – 12P and marginal cost is MC = 5. The consumer surplus in a perfectly competitive market
Ad libitum [116K]

Answer: 15000; 3750

Explanation:

From the question,

Q = 660 – 12P

MC = 5

The consumer surplus in a perfectly competitive market will be:

P = MC

Therefore, P = 5

Q = 660 - 12P = 660 - 12(5) = 660 - 60 = 600

Consumer surplus = 1/2 × (55 - 5) (600)

= 1/2 × 50 × 600

= 15,000

For monopoly, MR = MC

Total Revenue = P × Q

Since Q= 660 - 12P

P = (660 - Q)/12

TR = P × Q

= (660 - Q)/12 × Q

= (660Q- Q²)/12 × Q

MR = (660 - 2Q)/12

MR = MC

(660 - 2Q)/12 = 5

(660 - 2Q) = 5 × 12

660 - 2Q = 60

2Q = 660 - 60

2Q = 600

Q = 600/2

Q= 300

Since P =(660 - Q)/12

= (660 - 300)/12

= 360/12

= 30

Consumer surplus = 1/2 × (55 - 30) (30)

= 1/2 × 25 × 300

= 3750

Therefore, the answer is 15000; 3750

7 0
3 years ago
SDJ, Inc., has net working capital of $2,060, current liabilities of $5,550, and inventory of $1,250.
alexandr1967 [171]

Answer:

1.

Current ratio = 1.37 times

2.

Quick Ratio = 1.15 times

Explanation:

The current ratio and quick ratios both are measures to assess the liquidity position of businesses. These are useful indicators of how well the business is equipped to meet its current obligations using its liquid assets.

To calculate these ratios, we must first determine the value of current assets. We are given the value of net working capital. The net working capital is the difference between the current assets and the current liabilities.

Net Working capital = Current assets - Current Liabilities

2060 = Current Assets - 5550

2060 + 5550 = Current Assets

Current assets = $7610

<u>Requirement 1.</u>

The current ratio is calculated as follows,

Current Ratio = Current Assets / Current Liabilities

Current ratio = 7610 / 5550

Current Ratio = 1.3711 rounded off to 1.37 times

<u />

<u>Requirement 2.</u>

The quick ratio is calculated as follows,

Quick Ratio = (Current Assets - Inventories) / Current Liabilities

Quick Ratio = (7610 - 1250) / 5550

Quick Ratio = 1.1459 rounded off to 1.15 times

6 0
3 years ago
Other questions:
  • A country has national saving of $50 billion, government expenditures of $20 billion, domestic investment of $10 billion, and ne
    15·1 answer
  • 16.
    6·1 answer
  • Jack Palomo has deposited $2,500 today in an account paying 6 percent interest annually. What would be the simple interest earne
    15·1 answer
  • Match the scenarios with the economic concepts they illustrate.
    14·2 answers
  • Given question three, what is the equilibrium quantity​
    8·1 answer
  • The average cost associated with each additional dollar of financing for investment projects is:_________
    14·1 answer
  • A taxi crashed into a telephone pole. The taxi's passenger commenced a negligence action against the taxi driver, properly servi
    15·1 answer
  • Acquisition cost, as well as capital improvements, will​
    11·1 answer
  • What services does the Purdue University Online Writing Lab (OWL) offer?
    8·1 answer
  • In the short-run which form of inflation is caused by a decrease in the supply curve or an increase in wages?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!