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
Dmitriy789 [7]
2 years ago
15

The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin

g department. The company's ending work in process inventory on August 31 consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $2.75 for materials and $4.25 for labor and overhead, the total cost assigned to the ending work in process inventory was:
Business
1 answer:
Digiron [165]2 years ago
3 0

Answer:

$95,400

Explanation:

Step 1 : Find  the equivalent units of production in Ending Work in Progress

Materials = 18,000 x 100 % = 18,000 units

Conversion costs = 18,000 x 60 % = 10,800 units

Step 2 : Calculate the Cost of units in Ending Work in Progress

Cost of units in Ending Work in Progress = 18,000 x $2.75 + 10,800 x $4.25

                                                                    = $95,400

Conclusion :

The ending work in process inventory was $95,400.

You might be interested in
A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for 10,000 and paid 750 for the frei
prisoha [69]

Answer:

The correct option is A:

cost of goods sold        10,750

merchandise inventory                 10,750

Explanation:

When goods are bought for resale,the total cost of the goods bought is usually the invoice price paid as well as the cost of bringing in the goods i.e freight,hence the cost of the goods sold here is the invoice price of $10,000 plus the freight of $750,giving total cost of $10,750

When the goods are sold,merchandise inventory would be credited with $10,750 while cost of goods sold is debited with same amount.

The correct option is first one with cost of goods sold debited with $10.750 and merchandise inventory credited for $10,750

4 0
3 years ago
In a print advertisement, items used to identify the sponsor of the ad, such as the company logo or usp, are referred to as.
AVprozaik [17]

In a print advertisement, items used to identify the sponsor of the ad, such as the company logo or USP, are referred to as Brand elements

Advertising Management :

Advertising management is a planned managerial process designed to oversee and control the various advertising activities involved in a program to communicate with a firm's target market and which is ultimately designed to influence the consumer's purchase decisions. Advertising is just one element in a company's promotional mix and as such, must be integrated with the overall marketing communications program.

What are brand elements ?

Brand elements mean those elements, features, or traits that differentiate a brand from others. As mentioned earlier, the core purpose of these brand elements is to develop uniqueness in a competitive market. These elements may include slogans, logo, taglines, brand name, packaging, etc.

Learn more about Advertising Management :

brainly.com/question/24967768

#SPJ4

3 0
1 year ago
A diverse team will almost always have _____ than a homogeneous team. more extensive external contacts lesser cognitive resource
AfilCa [17]

Answer: more extensive external contacts

Explanation:

Team diversity has to do with the differences that the members of a particular team have. Such differences can be due to religion, nationality, age etc. .

It should be noted that diverse team will almost always have more extensive external contacts than a homogeneous team.

6 0
3 years ago
Bella's employer asks her to generate a description of her job that entails what a job applicant needs to know to perform the jo
densk [106]
That would be person-oriented job analysis because it focuses on the knowledge, skills and abilities that is needed to preform a job.
8 0
3 years ago
Read 2 more answers
Thrice Corp. uses no debt. The weighted average cost of capital is 8.4 percent. If the current market value of the equity is $16
In-s [12.5K]

Answer:

$1,369,200

Explanation:

Calculation for EBIT

Using this formula

Value of Equity= EBIT / WACC

Let plug in the formula

$16,300,000 = EBIT / .084

EBIT = .084($16,300,000)

EBIT = $1,369,200

Therefore EBIT is $1,369,200

3 0
3 years ago
Other questions:
  • You are planning a bank. You plan for six tellers. Tellers take 15 minutes per customer with a standard deviation of 7 minutes.
    8·1 answer
  • Gary and Wilma Johnson plan to open a bus tour business taking people from their small City to historic sites along the east coa
    5·2 answers
  • Create a list of five action verbs you might use on a job application to describe skills and/or work history.
    7·1 answer
  • Carolyn gets a bank loan in order to purchase new tanning beds for her salon. In terms of the factors of​ production, how would
    7·2 answers
  • What are the weak points of economic costs that are part of a free enterprise economy?
    15·2 answers
  • Please give examples of circumstances in which a project would employ lag relationships between activities using: a. finish to s
    9·1 answer
  • Given the following data: Average operating assets $ 1,372,000 Total liabilities $ 144,060 Sales $ 1,029,000 Contribution margin
    14·1 answer
  • 17-2. Assume that an average firm in the office supply business has a 6% profit margin, a 40% total liabilities/assets ratio, a
    5·1 answer
  • HURRY! 20 points! Which of the following is the most important requirement for career advancement in art design?
    13·2 answers
  • 1. Employees at a call centre have earned a bonus of 0.25% of their salary. The bonus that an
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!