Terrace Corporation makes an industrial cleaner in two sequential departments, Compounding and Drying. All material is added at
the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Terrace uses the weighted average method of process costing. In the Compounding Department, beginning work in process was 3,600 pounds (60% processed), 61,200 pounds were started, 57,600 pounds were transferred out, and ending work in process was 60% processed. Calculate equivalent units for the Compounding Department for August 2016.
Terrace Corporation
Flow of Units and Equivalent Units Calculation, August 2016
Equivalent Units
% WorkConversion % Work done Direct Materials Done Costs
Complete/Transferred
Ending Inventory
Total
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<h3>What is management?</h3>
Management is the management of an organization, such as a corporation, non-profit organization, or government agency.
This is the art and science of managing product company resources.
Management includes the activities of setting an organization's strategy and coordinating people's efforts to achieve goals using available resources such as financial, natural, technological and human resources.
The two concepts of "running a business" and "changing a business" are managed to distinguish between the continuous provision of goods and services and the adaptation of goods and services to changing customer needs. are two concepts used in See trends.
The term "administrator" can also be used to refer to people who run an organization, i.e. administrators.
Some people study management at college or university.
Business degrees include Bachelor of Commerce, Bachelor of Business Administration, Master of Business Administration, Master of Business Administration, and Master of Public Administration for the public sector.
To learn more about management from the given link :
Explanation: Raw mateirals can be defined as the basic material from which product is manufactured. These are the materials used in the primary stage of production process.
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Raw material used is the amount of raw material consumed or used by the entity in the specific period, generally, one year.
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raw material used = begining raw material + raw material purchased - ending raw material
It is during the initial stages of any business where funding is required to meet the working capital. Basically the fund is required to meet the expenses of inventory and account balances on receivable ends. However funds are also required when a business has been established much before and is growing its customer base and revenue but needs fund to expand its business.
Job withdrawal can be said to be the behavior individuals show in aspects of their work while maintaining their positions at work. These behaviours are as a result of dissatisfaction with the job as a result of factors such as nature of job, co worker and superiors' interaction, salary or wage levels, etc. It sometimes could be as a result of the employee's attitude to his/her work.
Mandatory spending is something that either has, or is strongly urged to be done. Discretionary spending is based on the spenders discretion, if the spender thinks it needs to be spent, then they would do so. Example of mandatory spending would be paying back a loan. Example of discretionary spending would be a good business investment. Hope this helps!