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Delvig [45]
3 years ago
9

The Finishing Department had 6,800 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to ma

terials and 40% complete as to conversion costs. 18,600 units were received from the previous department. The ending Work-in-Process Inventory consisted of 3,800 units which were 50% complete as to materials and 40% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. How many units were started and completed during the period
Business
1 answer:
Alex787 [66]3 years ago
8 0

Answer:

14,800 units

Explanation:

To understand units started and completed principle, ask yourself, "Out of the units Started during the year, how many units were Completed?"

Since we are using FIFO the units in Inventory will be worked on first followed by the units introduced in process during the year.

So this can be calculated out of units completed as follows :

<em>Units started and completed = Units Started - Units in Ending Work in Process</em>

therefore,

Units started and completed = 18,600 - 3,800 = 14,800 units

Conclusion :

Units started and completed during the period were 14,800 units.

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Answer:

PED = -0.4 or |0.4| in absolute terms

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

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the demand is price inelastic since |0.4| < 1

this means that the change in quantity demanded is proportionally less than the change in price.

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3 years ago
Your seller wants to net $100,000 after the 5% commission is paid. Assuming no closing costs, at what price does the home need t
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Answer:

The home needs to sell for $105,263.16 for the seller to receive net of $100,000.00

Explanation:

The amount that the home needs to sell can derived from the net to seller's formula given as: Net to seller = Sale Price * (100% - commission rate)

Net to seller=$100000

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sale price =$105263.16

For the seller to receive $100000 after 5% commission the property must e sold for $105,263.16

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The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the princi
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decreasing marginal benefit.

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When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.

Consumption after this point is known as decreasing marginal benefit to the customer.

This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.

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The type of action that asks how and why performance deviated is called BASIC CORRECTIVE ACTON.

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