A general manager is someone who is responsible for managing:

Kramer company started its production operations on August 1st. During August, the printing Department completed 17,600 units. T

Dima020 [189]

Answer:

Costs of goods transferred out is $ 785,840

Value of ending inventory is $26,268

Explanation:

The equivalent units of material cost is computed thus:

Completed units 17600*100% =17,600

Ending inventory 4,400*80% =3,520

Equivalent units 21,120

material unit cost =Accumulated materials cost/equivalent units

material unit cost=$45,408/21,120

=$2.15

Equivalent units of conversion cost is calculated thus:

Completed units 17,600*100%= 17,600

Ending inventory 4,400*10% = 440

Equivalent units 18,040

Conversion unit cost=Conversion costs/equivalent units

=$766,700/18,040

=$42.5

Cost of goods transferred out:

Material costs 17,600*100%*$2.15 =$37,840

Conversion costs 17,600*100%*$42.5 =$ 748,000

Total costs $ 785,840

Costs of ending inventory:

Material costs 4,400*80%*$2.15 = $7,568

Conversion costs 4,400*10%*$42.5 =$18,700

Total cost $26,268

=

7 0

4 years ago

why. If the CPI rises at 5% per year, then every individual in the country needs exactly a 5% increase in their income for their

Ghella [55]

The given statement " If the CPI rises at 5% per year, then every individual in the country needs exactly a 5% increase in their income for their standard of living to remain constant" is FALSE

Explanation:

The CPI is also considered an indicator of cost of living, but varies from a full calculation of cost-of-living in important ways. A living-cost index will calculate adjustments over time to the value spent by households in order to achieve a given degree of utility or living standard.

Changes in the customer buying habits are taken into account in the new BLS process. When there is no improvement in customer behaviour, the simplistic analysis given would suggest that the CPI measured is 10%. It is the same outcome as the approach Williams uses with set baskets.

If buyers adjust their buying habits and replace FM absolutely with TS, however, the CPI is 0 percent. When buyers minimize their FM buy-out by 50% and then buy TS, the CPI computed by the BLS would be 5%.

5 0

4 years ago

During 2019, its first year of operations, Bento Steel Corporation reported a net operating loss of $500,000 for financial repor

erastovalidia [21]

Answer:

The amount of net income reported in 2020 income statement would be $75,000.

Explanation:

Pretax accounting income for 2020 = $100,000

Income tax expense for 2020 = Current tax + Reversal of Deferred tax assets

= ($100,000 - $100,000)*25% + ($100,000*25%)

= $25,000

Amount of net income reported in 2020 income statement = Pretax accounting income - Income tax expense

= $100,000 - $25,000

= $75,000

Therefore, The amount of net income reported in 2020 income statement would be $75,000.

8 0

4 years ago

CVS sells both manufacturer's brands and private brands. Explain why a store would do this.

dezoksy [38]

They make more of a profit when it comes to there own brands. With private brands they have to pay when people buy the private brands things. Think of it as renting a house yes your living in this house but you have to pay to live in it.

5 0

3 years ago

suppose a consumer has preferences between two goods that are perfect substitutes. can you change prices in such a way that the

Rashid [163]

Yes you can change prices in such a way that the entire demand response is due to the income effect.

What is Income effect?

Usually, when we talk about perfect alternatives, we are talking about lowering the cost of the expensive good. If you were on the y axis of the performance subs graph, the price of good x, which was previously quite expensive, has now decreased. Therefore, your decision will be limited to the x axis.

The term "income effect" describes the shift in real income or purchasing power brought on by a price adjustment. Therefore, as prices drop, your real income essentially rises.

If we lower the cost of the already affordable good. The consumer's real income then rises. As a result, he purchases the cheap item.

Therefore, this shift in demand, where he now purchases more of the cheap commodity, has been brought about by an increase in real income due to a decrease in the price of the previously cheap good.

So, The answer is Yes.

To know more abou Income Effect:

brainly.com/question/1416285

#SPJ4

4 0

1 year ago