Answer:
The cost per equivalent unit for conversion cost is closest to: $1.39.
Explanation:
<u>First Calculate the Equivalent units of production with respect to Conversion Costs :</u>
To Finish Opening Work In Process (20,000 × 80%) = 16,000
Started and Completed (150,000 - 20,000) × 100% = 130,000
Closing Work In Process (40,000 × 25%) = 10,000
Equivalent units of production with respect to Conversion Costs = 156,000
<u>Then, Calculate the cost per equivalent unit for conversion cost :</u>
Note : <em>We are only interested in the costs incurred in the current year because the costs of Opening Work In Process will automatically go towards the completed units (FIFO).</em>
Cost per equivalent unit = Total Current Costs ÷ Total Equivalent units
= $ 217,000 ÷ 156,000
= $1.39
It would be a real estate agent
Answer:
The journal entry is given below:
Explanation:
According to the scenario, the journal entry for the given data are as follows:
Given data:
1. Paid $45
2. Paid $400
Journal Entry.
1. Maintenance exp. A/c Dr $45
To Cash A/c $45
(Being the maintenance expense is recorded)
2. Truck Asset A/c Dr $400
To Cash A/c $400
(Being the installing asset is recorded)
Answer:
822 hours
Explanation:
The charge per hour is $10.25
The number of hour required to ean $ 8,425?
To get hours required . divide the amount to be earned by the charge per hour
i.e. $ 8425/10.25= 821.95 hours
which is 822 hours