Wholesale companies need a location that attracts a lot of retail traffic.

A company uses a process costing system. It's welding department completed and transferred out 100,000 units during the current

GuDViN [60]

Answer:

Option D is correct

Equivalent units

Material cost = 122, 500

Conversion cost = 112,000

Explanation:

Equivalent units = Units × degree of completion(%)

Material cost

Item Unit Equivalent units

transferred out 100,000 100,000× 100% = 100,000

Closing inventory 30,000 30,000 75% = 22,500

Equivalent unit 122,500

Conversion cost

Item Unit Equivalent units

transferred out 100,000 100,000× 100% = 100,000

Closing inventory 30,000 30,000 × 40% = 12,000

Equivalent unit 112,000

Equivalent units

Material cost = 122, 500

Conversion cost = 112,000

5 0

2 years ago

A carpenter sells _______ , whereas an automobile manufacturer sells _______.

Scorpion4ik [409]

Basic Answer

a carpenter sells furniture, whereas an automobile manufacturer sells cars.

Bussiness Answer

a carpenter sells style , whereas an automobile manufacturer sells mobility.

5 0

2 years ago

What happens in the labor market when the following event occurs?

Kryger [21]

I would say that the unemployment rate does not change. This is because people from the fishing industry might have shifted to the travel industry hence fishing deceasing and travel increasing, then the rate is still the same.

Option D

4 0

1 year ago

Javier computer services began operations in July 2017. At the end of the company prepares monthly financial statements. It has

defon

Answer and Explanation:

The adjusting entries are shown below:

a. Salaries expense Dr $1,400

To Salaries payable $1,400

(being salaries expense is recorded)

b. Interest expense ($40,000 × 12% × 1 ÷12) $400

To interest payable $400

(being interest expense is recorded)

c. Account receivable Dr $3,000

To Service revenue $3,000

(being revenue is recorded)

These 3 entries should be recorded

5 0

2 years ago

Perez Corporation’s computer services department assists two operating departments in using the company’s information system eff

ollegr [7]

Answer:

Production department $440,000

Sales department $143,000

Explanation:

The allocation of the total cost to the operating departments is proportional to the number of employees. In other words, as the number of employees increases, so does the allocated cost and vice versa.

Hence,

Cost allocated to the production department

= 40/(40 + 13) × $583,000

= 40/53 × $583,000

= $440,000

Cost allocated to the sales department

= 13/(40 + 13) × $583,000

= 13/53 × $583,000

= $143,000

3 0

2 years ago