Answer:
B. the availability of money for conversion into currency
Explanation:
hope this helped :)
Calculating average cost of steak initially when only 5000 pounds was produced
Average cost= 50000/5000
AC= 10$
Now when 1 pound is added only 9$ is added in total cost so marginal cost
MC= 9$
From above calculations we can see that AC>MC
so we can say that the average cost of production is greater than marginal cost so it will be beneficial to produce more
Answer:
If company uses weighted average method, then equivalent unit of direct material = Units completed + units in ending WIP
= 33,000 + 13,700
= 46,700 units
If company uses FIFO method, then equivalant unit of direct material = Unit started and completed + Units in ending WIP
= 33,000 - 11,200 + 13,700
= 35,500 units
