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
Elden [556K]
3 years ago
7

During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an industrial cle

aner:
Production Flow Physical Units
Completed and transferred to the next department 100
Add: Ending work in process inventory 10(40% complete as to conversion)
Total units to account for 110
Less: Beginning work in process Inventory 20(60% complete as to conversion)
Units started during 90

All materials are added at the beginning of processing in this department, and conversion costs are added uniformly during the process. The beginning work in process inventory had $120 of raw materials and $180 of conversion costs incurred. Materials added during December were $540, and conversion costs of $1,484 were incurred. Krause uses the first-in, first-out (FIFO) process cost method. The equivalent units of production used to compute conversion costs for December were:

a. 110 units.
b. 104 units.
c. 100 units.
d. 92 units.
Business
1 answer:
Andre45 [30]3 years ago
8 0

Answer:

d. 92 units.

Explanation:

The computation of the equivalent units of production used to compute conversion costs is shown below:

= 20 units × 40% + (100 units - 20 units) × 100% + 10 units × 40%

= 8 units + 80 units + 4 units

= 92 units

Hence, the equivalent units of production used to compute conversion costs is 92 units

You might be interested in
FitWear Inc., a sporting goods footwear and apparel company, features photographs of celebrities wearing its brand of clothing a
Volgvan

Answer:

opinion leaders

Explanation:

Since in the question it is mentioned that the Fitwear Inc i.e. a footwear of sporting products and apparel company also it established a new line of football cleats. In addition to this, they also believes that celebrities could influence the buying decision of the customers so here the football stars would be represent as an opinion leaders as they are considered as an individual that influence the people in general

5 0
3 years ago
A donor provides a large cash contribution that is to be used for acquisition of a new building. Under FASB standards, how would
jarptica [38.1K]

Answer:

B. Investing activity.

Explanation:

Investing activity refers to payment for acquisition of assets like a new building. It is an investing activity because the asset is expected to generate returns in terms of savings in rent.

3 0
3 years ago
1.<br> The price of labor is called<br><br><br> costs<br><br> demands<br><br> rates<br><br> wages
olya-2409 [2.1K]

Wages

The cost of labour is the sum off all wages paid to employees as well as the cost of employee benefits and payroll taxes paid by an employer.

The cost of labour is broken in direct and indirect cost.

6 0
3 years ago
Read 2 more answers
12. Market efficiency and perfect price discrimination Perfect price discrimination is efficient because it converts what would
Nady [450]

Market efficiency is achieved with perfect price discrimination because what would have been dead-weight loss is converted into consumer and producer surplus through perfect price discrimination.

For the market, efficiency is achieved because the dead-weight loss is converted into producer and consumer surpluses, with enormous benefits to the society.

Thus, perfect price discrimination achieves allocation efficiency for both the producer and the consumer (or the society as a whole).

Learn more about market efficiency and price discrimination here: brainly.com/question/10234084

6 0
2 years ago
Read 2 more answers
On January 1, Year 1, Turner Company borrowed $58,000 from Lessing Inc. and signed a three-year installment note to be paid in t
Rashid [163]

Answer:

Per year installment shall be $22,101

Explanation:

By using annuity formula we have

P=$58,000

Annuity Factor=2.62432

P=Installment*2.62432

$58,000=Installment*2.62432

Installment=$58,000/2.6243

Installment per year=$22,101

6 0
3 years ago
Other questions:
  • Under the Equal Pay Act:
    13·1 answer
  • PLEASE HELP ME???
    10·1 answer
  • At its $60 selling price, Atlantic Company has sales of $15,000, variable manufacturing costs of $4,000, fixed manufacturing cos
    11·1 answer
  • Morgan Company's budgeted income statement reflects the following amounts:Sales Purchases ExpensesJanuary $ 120,000 $ 78,000 $ 2
    14·1 answer
  • Hector has a favorite Mexican fast food restaurant he likes to go to for chicken burritos. He will drive ten miles to the locati
    14·1 answer
  • You are buying a car, and have settled on a price of $22,678.95. You put $2,678.95 down and borrow the rest at an 8.5% APR, comp
    6·1 answer
  • Nate purchased an​ interest-bearing security last​ year, planning to hold it until maturity. He received interest​ payments, and
    12·2 answers
  • Services can not be stored, warehoused, or inventoried. Because of this, many hotels and airlines offer deep discounts on rooms
    9·2 answers
  • Henry and Charlotte are both 28 years old.
    15·1 answer
  • Corporate executives often object to the use of open-source software because it lacks formal technical support, even though info
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!