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
Makovka662 [10]
3 years ago
8

Livingston Co. uses process costing to account for the production of elastic bands. Direct materials are added at the beginning

of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory consisted of $14,000 in materials and $8,000 in conversion costs. April costs were $72,000 for materials and $80,000 for conversion costs. During April 8,000 units were completed. Ending work in process inventory was 4,000 units (100% complete for materials, 50% for conversion). The total cost per unit using the weighted average method would be:
Business
1 answer:
madam [21]3 years ago
3 0

Answer:

The total cost per unit using the weighted average method would be:

$15,97  

Explanation:

                Materials   Conversion Costs  

Begining  $ 14,000         $ 8,000  

APRIL          $ 72,000        $ 80,000  

TOTAL          $ 86,000 $ 88,000  

Units               8,000   8,000  

                       100% 50%  

WIP                4,000   2,000  

TOTAL              12,000   10,000  

USD/Unit          7,17              8,80   $15,97  

You might be interested in
According to the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo, small differences in __________ make f
Oxana [17]

Answer:

C

Explanation:

According to the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo, small differences in economic growth rates make for large differences in real GDP per capita over several decades, assuming the same growth of population for each country.

For small countries ( less population and same growth of population over the years) even small growth rates makes a large change in  real GDP per capita over the years.

3 0
3 years ago
Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
Anettt [7]

Answer:

0.34

Explanation:

Calculation to determine what The manufacturing cycle efficiency (MCE) was closest to:

First step is to calculate the Throughput time using this formula

Throughput time = Process time + inspection time + move time + queue time

Let plug in the formula

Throughput time=6.1+1.5+4.1+6.2

Throughput time=17.9

Now let calculate the MEC using this formula

MEC = process time / throughput time

Let plug in the formula

MEC=6.1/17.9

MEC =0.34

Therefore The manufacturing cycle efficiency (MCE) was closest to:0.34

8 0
2 years ago
When the Fed buys bonds from financial institutions, new money moves directly Group of answer choices
Dimas [21]

Answer:

out of the loanable funds market.

Explanation:

In the case when the Fed purchased bonds from a financial institution so the new money shift directly out of the funds market i.e. lonable because the bank reserve would increased also they begins lending at lesser rate of interest

Therefore as per the given situation, the fourth option is correct

And, the same is relevant

8 0
2 years ago
ABC owns 80 percent of XYZ Corporation’s common stock. For the current financial year, ABC and XYZ reported sales of $500,000 an
agasfer [191]

Answer:

$284,000

Explanation:

                     ABC Corporation

       Consolidate Income Statement

For the year ended, 31 December, 20XX

Particulars               ABC                   XYZ                

Sales                     $500,000         320,000                        

Less: Expenses   <u>$(280,000)      $(240,000)</u>

Net Income          $220,000          $80,000                

Consolidated Income for the year under the proprietary theory approach for ABC corporation = $220,000 + (80,000 × 80%) = $220,000 + 64,000

= $284,000

According to the proprietary theory approach, the wholly-owned company will get the same percentage it owns the proportionate of that subsidiary company or companies.

4 0
3 years ago
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and
Luba_88 [7]
I believe the answer is $1,100
3 0
3 years ago
Other questions:
  • Philip is a new manager of a 15 person manufacturing operation. His predecessor has handed him a complete annual plan (with budg
    15·1 answer
  • Mandy has perfected the art of glass-blowing. She has made gifts for her friends for years and has always gotten rave reviews. S
    7·1 answer
  • 11. In the first quarter of 2010, U.S. advertisers spent $5.9 billion on online advertising. In the first quarter of 2011, they
    5·1 answer
  • The following logo is present on the letterhead of an organization. Which category of communication does this involve?
    9·2 answers
  • Carolina Biological Supply Company sells science instructional materials. It wants to grow beyond the current customer base and
    11·1 answer
  • Which statement best describes the term insurance?
    12·2 answers
  • On October 31, 2021, Damon Company’s general ledger shows a checking account balance of $8,400. The company’s cash receipts for
    10·1 answer
  • Brainliest + Points! Please explain
    7·1 answer
  • Foreign education loans interest subsidies by government for low income families in andhra pradesh.
    8·1 answer
  • Two​ countries, Alpha and​ Beta, have identical production possibilities frontiers. What is the outcome if Alpha produces at poi
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!