Answer:
The cost of units transferred out during the month was:$ 99980
Explanation:
Mundes Corporation
Current Costs Added
Units Transferred Costs $ 90480
Materials =8700 * $ 4.7= $ 40890
Conversion= 8700* $5.70= $ 49590
Costs from Preceding Department (WIP beginning Inventory)= $ 9500
Total Costs= Costs Added + Costs from Preceding Department
= $ 90480+ $ 9500= $ 99980
The Costs of units transferred out is $ 99980
The current costs are added to the preceding costs to get the total costs of the units transferred out.
So lets say we have two investment opportunities. A new convenient store in your neighborhood or a new shopping center more than 5 miles away from where you live... What would you invest in well lets look at the pros and cons of each investment. So even though the new convenient store is right around the corner from you and prices are low the new shopping center has better products, warranty and higher prices unlike the convenient store closer to you. So we have an investment budget of $1000 dollars and want to spend it wisely we need to access what has a better chance of being successful with what you put into it. So the convenient store will reach less people has a bargain price but also doesn't have security cameras. Even though the shopping center has great employees, top-of-the-line products, high security, and a great establishment but also has flaws. What are you gonna invest in, will you take risks? My personal opinion is that I would invest in the shopping center because more people would be attracted to it because of the quality of service and products. So it would have a better probability in success and good use of my money.
Answer:
Explanation:
Before passing the journal entry, first, we have to compute the total supplies consumed. The formula to compute the total supplies consumed is shown below:
= Beginning balance of supplies + Purchase of supplies - ending balance if supplies
= $450+ $3,400 - $900
= $2,950
Now the journal entry would be
Supplies expense A/c Dr $2,950
To Supplies A/c $2,950
(Being supplies consumed recorded)
The correct answer is the following.
A) Tax credits were offered for expenditures on home insulation. Affected the demand by decreasing it and the price decrease.
B) The Alaskan oil pipeline was completed. Affect the increase of supply and the price and the price decreases.
C) The ceiling on the price of oil was removed. Affect the decrease in demand and the price varies.
D) Oil was discovered in the North Sea. Affect the supply by increasing it and the price decreases.
E) Sport utility vehicles and minivans became popular. Affect the increase of the demand and the price increases.
F) The use of nuclear power decreased. Affect the increase of the demand and the price increases.
Many variables affect the price of oil. International prices are modified constantly and countries should have their provisions in order to prevent drastic changes to their economies due to the fluctuation of international oil practices. The important thing to consider is that not only economic factors affect the price of oil, but also political factors.
Not 100% sure but I would say the second one but don't hold me to it. Go with your gut feeling.