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Fittoniya [83]
3 years ago
7

The Toronto Maple Company (TMC) produces maple syrup and syrup based products. During the current period, the firm's Production

Department started production of 210,000 gallons of syrup. During the period, the firm completed and transferred 205,000 gallons to the Shipping Department. The firm ended the period with 12,500 gallons in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by the company. Part 1 (4 points): What were the equivalent units for conversion costs for the period if the beginning inventory was 75% complete as to conversion costs and the ending inventory was 40% complete as to conversion costs
Business
1 answer:
Gwar [14]3 years ago
8 0

Answer:

Equivalent units of production= 210,000 units

Explanation:

The weighted average method blends the costs and units of the previous period with the costs and units of the current period.

<u>We need to use the following formula:</u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 205,000 + (12,500*0.4)

Equivalent units of production= 210,000 units

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An investment adviser has a client who wants to save for college for her child. the child will be entering college in five years
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An investment adviser has a client who wants to save for college for her child. the child will be entering college in five years. this would be an example of <u>an </u><u>investment constraint</u>.

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1 year ago
Jeanine has formal power in the coffee lovers, ltd. organization while sam has informal power. one of the primary differences be
evablogger [386]
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4 years ago
Technological change is​ _____ new goods and of​ _____ of producing goods and services.
mafiozo [28]

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Explanation:

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7 0
3 years ago
Don, an office equipment sales​ representative, earns a weekly salary plus a commission on his sales. One week his total compens
Y_Kistochka [10]

Answer:

The answer is: Don's weekly salary is $460 and his sales' commission is 5%

Explanation:

We have to solve the following two equations:

Don's salary week 1 = b + $3,000c =$610

Don's salary week 2 = b + $4,000c =$660

Where:

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Step 1:

b + $4,000c =$660

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Step 2:

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Step 4.

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