Answer:
5. $232,000.
Explanation:
The computation of the total conversion costs transferred out of the Canning Department equals to
= Number of units completed and transferred out × Cost per equivalent unit
= 80,000 units × $2.90
= $232,000
In order to find out the total conversion cost, we simply multiplied the number of units completed and transferred out with the cost per equivalent unit
Answer:
$11,400
Explanation:
Data provided as per the question is below:-
Shares = 1,900
Undervalued amount = $11
Overvalued amount= $5
The computation of profit is shown below:-
Profit = Shares × Undervalue amount - Shares × Overvalued amount
= 1,900 × $11 - 1,900 × $5
= $20,900 - $9,500
= $11,400
Therefore for computing the profit we simply applied the above formula.
The prices of both peanut butter and almond butter are rising because of the demand and supply forces.
<h3>What is Demand and supply?</h3>
Demand and supply forces are the deriving forces of the market which influence the prices of the commodities. Demand refers to the willingness and ability to purchase the commodity.
Supply refers to the availability of the product and services in the market that to as per the requirement in the market. Thus both the terms are interrelated and interconnected to each other.
As per the above situation, the rise in the demand of the peanut butter is due the loss of the crop due to fungus with created shortage in the supply of the peanut in the market.
Thus people shifted to its substitute almond butter which rises the demand of the almond butter as well.
Therefore it increased the prices of the both the kinds of the butter available in the market.
Learn more about Demand and supply here:
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