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
natka813 [3]
3 years ago
12

A company uses the weighted average method for inventory costing . At the beginning of a period the production department had un

its in beginning Work in Process inventory which were 33 % complete the department completed and transferred 168,000 units . At the end of the period units were in the ending Work in Process inventory and are 68 % complete . Compute the number of equivalent units produced by the department .
Business
1 answer:
Georgia [21]3 years ago
3 0

Answer

a. 178,200 units

Explanation:

Comple question <em>"A company uses the weighted average method for inventory costing. During a period, a production department had 54,000 units in beginning goods in process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending goods in process inventory and are 68% complete. Compute the number of equivalent units produced by the department. 178,200. 186,320. 183,000. 168,000. 114,000."</em>

<em />

Calculation of Equivalent Unit (as per Weighted Method)  

                                                                Unit      % of Completion  Equ. Unit

Unit Completed & Transferred Out    168,000            100%            168,000

Closing WIP                                          15,000               68%             10,200

Total Equivalent Unit                                                                         178,200

You might be interested in
A farmer uses two types of fertilizers. A 50-lb bag of Fertilizer A contains 10 lbs. of nitrogen, 2 lbs. of phosphorus, and 6 lb
Lera25 [3.4K]

The answer is, Fertilizer A = 20, Fertilizer B = 56.

<h3>What is fertilizer and example?</h3>
  • Among the organic fertilizers that occur naturally are manure, slurry, worm castings, peat, seaweed, and guano. Crops made of green manure are also raised to enrich the soil with nutrients.
  • Organic fertilizers also include naturally occurring minerals including mine rock phosphate, sulfate of potash, and limestone.

<h3>Set up the equations:</h3>
  • Nitrogen: 8x + 5y ≥ 440.
  • Phosphorous: 2x + 5y ≥ 260.
  • Potassium: 4x + 5y ≥ 360.
<h3>Find the vertices:</h3>
  • It is easiest to graph the equations to find the vertices. (see attachment).
  • You can also solve each system of equations to find the intersected points.

<h3>The following satisfy the "greater than or equal to" requirement:</h3>
  • (0, 88)  = y-intercept of Nitrogen equation.
  • (20, 56) = intersection of Nitrogen and Potassium equations.
  • (50, 32)  = intersection of Phosphorous and Potassium.
  • (130, 0)  = x-intercept of Potassium.

<h3>Use vertices in cost function C(x) to find the minimum:</h3>

  • C(x) = $30x + $20y.
  • (0, 88): $30(0) + $20(88) = $1760.
  • (20, 56): $30(20) + $20(56) = $1720    = This is the minimum!
  • (50, 32): $30(50) + $20(32) = $2140.
  • (130, 0): $30(130) + $20(0) = $3900.

The minimum cost occurs when 20 bags of Fertilizer A and 56 bags of Fertilizer B are purchased.  

Learn more about Fertilizer here:

brainly.com/question/3204813

#SPJ4

3 0
2 years ago
Writing off an uncollectible account affects ________ under the allowance method.
Flura [38]
Writing off an uncollectible account affects only balance sheet accounts under the allowance method. 
3 0
3 years ago
What factors are important to consider when planning to fund your education? Select all that apply A) how much debt you are will
wolverine [178]

Answer:

The correct answers are A and C

Explanation:

The factors which should be considered or taken into consideration while planning for funding the education are:

1. How much amount of debt the person or an individual is willing to incur- It means that the person or an individual need to consider that how amount of money is willing to borrow from bank, friends in order to fund the education.

2. How much project income of the person or an individual will go towards paying debt- It means that the person or an individual need to see that how much the project income of the person will be used for paying the debt.

7 0
3 years ago
Coca-Cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. However, with t
Effectus [21]

Answer:

B.

Explanation:

Coca-Cola was trying to build new core competencies to protect and extend their current marketing position.

8 0
3 years ago
One primary focus of substantive tests in the finance and investment cycle is on:
Arlecino [84]
This Finance Test is designed to help you assess your knowledge on important finance concepts, terminology definitions, and frequently used calculations. We strongly encourage any students who are planning or are beginning their FMVA certification program to take this test to determine whether you will need to take the prerequisite finance courses including Reading Financial Statements, Introduction to Corporate Finance, and Math for Corporate Finance. This is also a useful resource for employers to examine the technical knowledge of the candidates during a finance interview.

If you pass this test with 80% or above (16 questions or more), it is likely that you have a strong background in finance and are good to go ahead with our core courses!

 



 

Finance Test Questions

1. The concept of present value relates to the idea that*

The discount rate is always higher when you invest now than in the future

The discount rate is always higher when you invest in the future than now

The money you have now is worth less today than an identical amount you would receive in the future

The money you have now is worth more today than an identical amount you would receive in the future

2. The formula for calculating future value (FV) is*

FV = PV/(1+r)^n

FV = PV/(1+r)*n

FV = PV x (1+r)^n

FV = PV x (1+r)*n

3 0
3 years ago
Other questions:
  • The manager of the main laboratory facility at Elmhurst HealthElmhurst Health Center is interested in being able to predict the
    10·1 answer
  • Thach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. Th
    7·1 answer
  • A consumer's subjective perception of how a product or brand performs on different attributes based on personal experience, adve
    9·1 answer
  • In the short​ run, firms will​ _______. A. incur an economic loss B. continue to break even C. make an economic profit Some firm
    13·1 answer
  • Currently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity
    11·1 answer
  • Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiann
    8·1 answer
  • By law, an accountant must hold a CPA designation in order to<br> ?
    14·1 answer
  • Which of the following statements is most accurate regarding sufficient and appropriate documentation?
    13·1 answer
  • Money or property granted to someone, but held by a third party until specific conditions have been fulfilled is called _____.
    13·1 answer
  • 42)Groupe Air uses two measures of activity, flights andpassengers, in the cost formulas in its budgets andperformance reports.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!