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kondaur [170]
3 years ago
5

A1 Corp. uses the FIFO method for its process costing calculations. Beginning inventory in the mixing processing center consiste

d of 5,000 units, 65% complete with respect to conversion costs. Ending work in process inventory consisted of 4,000 units, 50% complete with respect to conversion costs. If 19,000 units were transferred to the next processing center during the period, the equivalent units for conversion costs would be:
Business
1 answer:
Aleks04 [339]3 years ago
8 0

Answer:

17,750 units

Explanation:

<u>Calculation of equivalent units for conversion costs - FIFO</u>

To finish Opening Work in Process  (5,000 units x 35%)            1,750

Started and Completed [(19,000 units  - 5,000 units) x 100%]  14,000

Ending Work in Process (4,000 units x 50%)                              2,000

Equivalent units of production                                                     17,750

therefore,

the equivalent units for conversion costs would be 17,750 units

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You have been asked to help King Company make the necessary journal entry to record the purchase of office furniture for a $170
Marina CMI [18]

Answer:

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

Explanation:

When items are purchased using cash, the corresponding credits in such transactions are recorded in the cash account. Where the item is purchased on account (or credit), the credit is posted to accounts payable.

Total worth of the office furniture = $170 + $540 = $710

The total debit for this will be recorded in the office furniture account.

Hence to recognize the transaction,

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

3 0
3 years ago
Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $15, the cost of mowing the second lawn i
OlgaM077 [116]

Answer:

$60

Explanation:

The computation of price is shown below:-

Producer Surplus = Price paid by consumers - Production cost

$100 = Price - ($15 + $25 + $40)

$100 = Price - $80

Price for all = $100 + $80

= $180

Price Per consumer = Price for all ÷ First three lawns

= $180 ÷ 3

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Therefore, for computing the price per consumer we simply divide first three lawn by price for all.

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3 years ago
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valina [46]

Relationship capital is the answer. it is a form of intellectual capital, which is the value derived from an organization's relationships with customers, suppliers, and others who provide added mutual value for the organization. It includes brand image and organization’s goodwill.

7 0
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I.b. glowen is an engineer who works in nuclear power plants. he is considering starting his own engineering company. over the l
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<span>The corporation would be the most suitable for Mr. Glowen. This would shield him from liability in the event that something negative were to occur. The liability for any and all debts would be taken by the company and not by the person himself.</span>
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In general, how long does it take to accomplish a long-term goal?
Mkey [24]

Answer:

The answer is D.more than a year

Explanation:

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