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
melomori [17]
3 years ago
6

During March, Hanks Manufacturing started and completed 30,000 units. In beginning work in process, there were 5,000 units 60 pe

rcent complete with respect to conversion costs. Materials are added at the beginning of the process. In EWIP there were 10,000 units 40 percent complete for conversion costs. Using FIFO, the equivalent units of materials and conversion costs are, respectively:
Business
1 answer:
Delvig [45]3 years ago
5 0

Answer:

Equivalent units

Materials= 40,000 units

Conversion= 36,000 units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work

Equivalent units = Degree of work done(%) × units of inventory

Conversion cost

<em>Item</em>                                            <em>     equivalent units</em>

Opening inventory 40% × 5,000 =     2,000

Fully worked units 100% × 30,000= 30,000  

Closing inventory 40%× 10,000=      <u> 4,000 </u>

Total equivalent unit                       <u>    36,000</u>

Notes

The following notes explains the computation of the items of equivalent unit for conversion cost:

1. DOC for opening inventory is 40% i.e 100%-60%. Remember that 60% work has been done in the previous period, so the balance is to be done in this current period  

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in the period.  

3. Closing work is only 40% completed. This represent work started this period but not yet completed.

Material  cost

<em>Item   </em>                                               <em> equivalent units</em>

Opening inventory 0% × 5,000 =         0

Fully worked units 100% × 30,000= 30,000  

Closing inventory 100%× 10,000=   <u> 10,000 </u>

Total equivalent unit                         <u> 40,000</u>

Notes

The following notes explains the computation of the items of equivalent unit for Material cost:

1. DOC for opening inventory is 0% i.e 100%-1000%. Remember that materials are added at the beginning. Hence all the materials required for the opening inventory had been added in the previous period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% materials  was added in the period.  

3. All the materials required for the closing inventory were added in this period, hence, 100% degree of completion was used

Equivalent units

Materials= 40,000 units

Conversion= 36,000 units

You might be interested in
The diagram shows an aspect of fiscal policy.
storchak [24]

Answer

C. The government spending to strengthen the economy

Explanation

The fiscal policy is applied by the government to influence the economy through adjusting revenue and spending levels. The Fiscal policy is applied with the monetary policy to give a direction of the economy and reach the set economic goals. In this case, taxation and money transfers has been applied.


6 0
3 years ago
Read 2 more answers
When using hootsuite's bulk scheduling feature, all messages must be scheduled at least _________ ahead of when you plan to impo
Scrat [10]

When using hootsuite's bulk scheduling feature, all messages must be scheduled at least <u>"10 minutes"</u> ahead of when you plan to import the csv file into hootsuite.



To start scheduling messages in mass, first explore to the 'Publisher' segment, click BULK MESSAGE UPLOAD and download the example .csv document you'll load up with your posts.  

It's critical to take note of that the best projects to utilize when working with this document are Google Docs, Text Edit and Textwrangler - Excel spreadsheets may not perceive a few characters.  

Once the .csv record is open, start including your information.  

In the main section, input the date in MONTH, DAY, YEAR or DAY, MONTH, YEAR arrange, trailed when you need the message to be distributed.  

The time code must end with either a ZERO or a FIVE, and all messages must be planned no less than 10 minutes in front of when you intend to import the .csv record into Hootsuite.

4 0
3 years ago
Money stock Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check
yulyashka [42]

Answer:

<em>For Kenji he falls on the category M2, for Lucia it's M2, and for Eric belongs to the category of both M1 and M2 respectively.</em>

Explanation:

<em>M1 money supply comprises of  currency in physical form and coin, the demand deposit( check-able) travelers check</em>

<em> M2 money supply comprises of  Certificate deposit and M1, savings, money market funds, and time deposits for example, M2 money supply comprises   money.  that is less liquid/</em>

  • <em> Kenji has $25000 in a money market account - it belongs to the category of  M2 money supply.</em>
  • <em>  Lucia has $8000 in a two year CD, it belongs to the category - M2  which is money supply </em>
  • <em>Eric withdrew money from the bank to do laundry. The money he took will go to cash that is available or in the economy at that time or the  physical currency. these category belongs in M1. As M2 money supply contains  M1 therefore this example also belongs in M2. </em>

3 0
3 years ago
Wearing a headset or earplugs while driving is legal
ruslelena [56]
The answer would be B
4 0
3 years ago
Read 2 more answers
The warning on cigarette packages about the health implications of smoking is an example of: conflict of interest. fairness and
Marta_Voda [28]

The warning on cigarette packages about the health implications of smoking is an example of <u>"communications".</u>


Health warnings on cigarette bundles furnish smokers with widespread access to data on the dangers of smoking.  

Tobacco package warning messages are cautioning messages that show up on the bundling of cigarettes and other tobacco items concerning their health impacts. They have been actualized with an end goal to improve the general population's consciousness of the destructive impacts of smoking.

4 0
3 years ago
Other questions:
  • A generic brand of pre-packaged foods would best be marketed to which target market?
    15·2 answers
  • Two voters, al and bill, are each choosing between one of three candidates—1, 2, and 3—who are running for city council. an expe
    12·1 answer
  • Stressors and negative emotions are both
    15·1 answer
  • ______ is a way to turn a company into a parent company with smaller retail outlets owned by independent operators.
    6·1 answer
  • Which law requires lenders to disclose to buyers the true cost of obtaining credit so that the borrower can compare the costs of
    10·1 answer
  • Several artists in Charleston, South Carolina, show and sell their work in an art gallery downtown. The gallery is owned by an a
    5·1 answer
  • In 2021, Cromwell Corporation purchased bonds of Oliver Company at par for $300,000 and classified the investment as available-f
    11·1 answer
  • 20 POINTS! Accounting Help!!! &lt;3
    5·1 answer
  • Pilot Company pays for two years of rent in advance. Recording this transaction would include a debit to:______.
    11·1 answer
  • Limited partnership programs are categorized as direct participation programs. The term direct participation refers to A) the ab
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!