Answer:
A $660,030
Explanation:
Total cost of units completed and transferred out = Units Completed and Transferred x Cost per Equivalent Unit
Therefore,
Total cost of units completed and transferred out = 117,000
Answer:LLLLLLLLLLLOOOOOOOOOOOOOOOOLLLLLLLLLLLLL
Explanation:
Answer:
100%
Explanation:
Since demand for process (250/hour) is greater than the Capacity of first workstation (200/hour)
. Then, the first workstation will be utilized 100%
Answer:
- Period cost ⇒ $240
- Product cost ⇒ $560
Explanation:
First find out the amount of money that pertains to the first year:
= 2,400 / 3 years
= $800
Out of the $2,400, $800 is the payment for the year.
Product cost is the portion that would go towards manufacturing operations:
= 70% * 800
= $560
Period cost is the cost that applies to the selling and administrative activities:
= 30% * 800
= $240
a. Milton Friedman
Milton Friedman was part of a group of economist in the mid-1900's known as the Monetarists. Monetarists believed that monetary instability is the major cause of big fluctuations in GDP, and that rapid monetary expansion causes inflation.