Answer:
The equivalent units for <em>materials and conversion</em> are 74,600 and 74,400 respectively for the Forming Department.
Explanation:
Equivalent unit of material
= 14000 x 60% + 56000 x 100% + 12000 x 85%
= 74600
Equivalent unit of conversion
= 14000 x 80% + 56000 x 100% + 12000 x 60%
= 74400
Answer:
Vera Incorporated
Change in annual operating income from discontinued business:
Annual Operating Income would reduce by $78,000.
Explanation:
a) Calculation of the Net Income Lost:
Loss of Contribution ($99,000)
Avoidable fixed cost $21,000
Reduction of Income ($78,000)
b) The line of purses contributes $80,000 towards the company's fixed cost. Therefore, discontinuing this line of business would lead to the loss of this steam of income. The amount of reduced operating income will be $78,000 ($80,000 - 2,000).
Answer:
Explanation:
The adjusting entry is shown below:
On December 31
Supplies expense A/c Dr $6,660
To Supplies A/c $6,660
(Being supplies account is adjusted)
The supplies expense is computed by
= Supplies balance - supplies on hand
= $8,780 - $2,120
= $6,660
We simply debited the supplies expense account and credited the supplies account for $6,660
Answer:
(C) Acquisition cost
Explanation:
The correct word for the given statement is acquisition cost
So option (c) is correct option
Acquisition cost alludes to the in with no reservations cost to buy a benefit. These expenses incorporate delivery, deals charges, and customs expenses, just as the expenses of site planning, establishment, and testing.
When securing property, obtaining expenses can incorporate looking over, shutting charges, and taking care of liens.
Answer:
a. Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.
Explanation:
According to the infant-industry theory, new industries in emerging and developing economies need protection for unfair competition from industries in advanced economies. The new industries need time to grow and develop economies of scale that can match those from more developed economies.
Economists describe infant industries as those in their early stages of development and, as such, cannot compete favorably with established rivals. Proponents of Infant-economies protection argue that infant industries need protection from international competitors capable of flooding domestic markets with cheaper goods. Protection assist infant industries to mature and develop economies of scale.
