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kykrilka [37]
3 years ago
14

Department M had 2,000 units 56% completed in process at the beginning of June, 13,500 units completed during June, and 1,000 un

its 28% completed at the end of June. What was the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories? a.14,780 units b.13,780 units c.12,660 units d.11,500 units
Business
1 answer:
kirill [66]3 years ago
7 0

Answer:

c.12,660 units

Explanation:

Calculation to determine What was the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories

Using this formula

EUP (FIFO) = Completed Units + Ending units - Beginning units

Let plug in the formula

EUP (FIFO)=13,500 +( 1,000 x 28%)- (2,000 x 56%)

EUP (FIFO)= 13,500+280-$1120

EUP (FIFO)=12,660 units

Therefore the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories is 12,660 units

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Real-time data provided by Federal Reserve Economic Data​ (FRED), Federal Reserve Bank of Saint Louis. Can we tell from this inf
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<u>Full Question:</u>

From July 2015 July 2015 to October 2015​, business inventories decreased by $3 billion. *Real-time data provided by Federal Reserve Economic Data​ (FRED), Federal Reserve Bank of Saint Louis.

Can we tell from this information whether aggregate expenditure was higher or lower than GDP during this​ quarter? If​ not, what other information do we​ need?A. Aggregate expenditure was equal to GDP in this quarter. B. There is not enough information to determine the relationship between aggregate expenditure and GDP. C. Aggregate expenditure was less than GDP in this quarter. D. Aggregate expenditure was greater than GDP in this quarter.

Aggregate expenditure was greater than GDP in this quarter.

<h3><u>Explanation:</u></h3>

The values of all the goods and services in a country at a certain period of time determines the GDP of that country. It is the monetary values of these finished goods and services. GDP helps any country in the determination of the growth rate of that country  economically. The monetary values associated with the income, expenditures and the  production helps in the GDP calculation.

The summation of all the expenditures of the economy  by the factors during a certain time period is the aggregate expenditure. Aggregate expenditures can be calculated by the summation of  C, I ,G,NX. From the give data we can conclude that Aggregate expenditure was greater than GDP in this quarter.

4 0
3 years ago
Suppose the government sets an effective price floor (that is, a price above equilibrium) in the market for oranges and agrees t
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Answer:

If the market floor is over demand, there is a surplus supply at that point. As a result , the number for oranges bought by the state would be Q1Q2 across the table.

Benefit is to the growers growing oranges as they've been having a better price and the cost is to the customers and community at large as it increases in deadweight losses. The triangular region in the graph reflects a moral hazard, DWL.

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3 years ago
Connor Publishing's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. What is its effecti
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Answer:

Please see the attachment  

Explanation:

Please see the attachment  . The correct answer is e. 7.47% . Please see if you can follow the steps outlined on the attachment .

7 0
4 years ago
During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts
Greeley [361]

Solution:

S.NO.             Accounts title and Explanations           Debit          Credit

1                                          Cash                                 $25,000

               Accumulated Depreciation- Machine A    $63,960

                               Gain on Dispose:                                            $10,400

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Accumulated Depreciation - Machine B                   $16,500

Loss on Disposal                                                          $10,700

                                       Machine B                                                $27,200

Note: -When the net value of the commodity disposed of is smaller than the amount paid, there is a benefit. If the worth of the book is MOT, there is a cost.

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The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.

Does hiring additional workers increase the total revenue at a decreasing rate?

Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.

Learn more about marginal product of labour: brainly.com/question/16690539

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