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2 years ago

Chen Corporation, a new company, adds material at the beginning of its production process; conversion

Business

1 answer:

gladu [14]2 years ago

5 0

Answer:

Option C is Correct ($56,400)

Cost of the company's ending work-in-process inventory=$56,400.

Explanation:

Option C is Correct ($56,400)

Given:

Ending Work in process=2000 units

Conversion= $22

Material= $15

Completed units=15,000 units

Required:

Cost of the company's ending work-in-process inventory=?

Solution:

Material Cost= $15

Conversion Cost= $22 *60%

Conversion Cost= $13.2

Total Cost=Material Cost+Conversion Cost

Total Cost=$15+$13.2

Total Cost= $28.2

Cost of the company's ending work-in-process inventory=Ending Work in process*Total Cost

Cost of the company's ending work-in-process inventory=2000*28,2

Cost of the company's ending work-in-process inventory=$56,400.

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The elimination of organizations that operate between the producer and the consumer is called

barxatty [35]

The elimination of organizations that operate between the producer and the consumer is called disintermediation. Disintermediation means that the user or the consumer is given direct access to information. Mediator or salesperson is not required and this type of organization is eliminated.

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2 years ago

On January 1, Revis Consulting entered into a contract to complete a cost reduction program for Green Financial over a six-month

Gennadij [26K]

Answer:

The contract price based on the expected value of future payments to be received is $246,960

Explanation:

The computation of the expected value is shown below:

For meeting the target, it will equal to

= (Received amount × number of months + additional amount) × probability rate

= ($39,200 × 6 months + $19,600) × 80%

= $203,840

For not meeting the target, it will equal to

= (Received amount × number of months - additional amount) × remaining probability rate

= ($39,200 × 6 months - $19,600) × 20%

= $43,120

So, the total expected value would be

= $203,840 + $43,120

= $246,960

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2 years ago

You produce clothing, and the price of cotton just increased by a lot. As a result, you will most likely _____ your prices.

wlad13 [49]

A.) raise. it will raise the cost because they have to make a profit

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2 years ago

Read 2 more answers

The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks:

Lynna [10]

Answer:

The forecasted demand for the week of October 12 using a 3-week moving average is 376,710

Explanation:

a) Data

21-Sep 383,383

28-Sep 368,368

5-Oct 378,378

Total 1,130,129

Average = 1,130,129/3 = 376,710

b) To calculate the moving average, the quantities for three weeks' demand are added and divided by 3. This shows that the average demand for type A blood at the Damascus Hospital will be 376,710, going by the figures provided. If the correct figures should have been 383, 368, and 378, the average would have equal to 376 pints.

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2 years ago

Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,538. The F

Valentin [98]

Answer:

$1,027.86

Explanation:

Total Taxes = Federal Income Tax + FICA-SS Tax + FICA-Medicare Tax

Total Taxes = $680.70 + ($4,538.00 × 0.062) + ($4,538.00 × 0.0145)

Total Taxes = $680.70 + $281.36 + $65.80

Total Taxes = $1,027.86

Therefore the total amount of taxes withheld from the Trey’s earnings is $1,027.86

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2 years ago