BUSINESS COLLEGE

Brody Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory for January consisted of 1,030 units that were 75% completed. 10,000 units were started into the process during January. On January 31, the inventory consisted of 400 units that were 40% completed. What would be the equivalent units for conversion cost using the weighted average method

Answers

Answer 1
Answer:

Answer:

Equivalent units for conversion cost is 10,790 units

Explanation:

Completed and Transferred (1,030 + 10,000 - 400) x 100 % = 10,630

Ending Work In Process 400 x 40%                                         =     160

Total  equivalent units for conversion cost                              = 10,790

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Answers

What the police dispatcher was witnessing may have been "a blue flue".

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Answer:

The correct answer is:  a Blue Flu.

Explanation:

A Blue Flu is the act by which police officers call in sick leaves massively as a form of protest against labor conditions. This action is carried out because law enforcement deputies in most parts of the United States are not allowed to go on a strike by law.

An investment of $1,000 produces a net cash inflow of $500 in the first year and $750 in the second year. What is the payback period? a.1.67 years b.0.50 year c.2.00 years d.1.20 years e.Cannot be determined.

Answers

Answer:

a. 1.67 years

Explanation:

The computation of the payback period is shown below:

In year 0 = $1,000

In year 1 = $500

In year 2 = $750

If we take the only year 1 cash inflow i.e $500

Now we deduct the $500 from the $1,000, so the amount would be $500

And, the next year cash inflow is $750

So, the payback period equal to

= 1 years + $500 ÷ $750

= 1.67 years

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Answers

Answer:

B The isocost line makes a parallel shift inward

Explanation:

This is because the increase in price is proportional ,less of labor and capital can be bought,and isocost line shifts inward parallely.

Final answer:

If both the price of labor and capital increase proportionally while holding production costs constant, the isocost line makes a parallel shift inward, indicating less of both inputs can be afforded for the same level of expenditures.

Explanation:

When considering the effects of changes in the prices of inputs such as labor and capital on the production process, the representation of these changes can be seen on an isocost line in a graph where labor is on the horizontal axis and capital is on the vertical axis. If the price of labor increases, typically the isocost line becomes flatter; however, if both the price of labor and capital rise in the same proportion and production costs remain constant, the result is choice B: The isocost line makes a parallel shift inward. This reflects that at the new higher prices, the firm can afford less labor and less capital for the same level of expenditures, hence the isocost line moves closer to the origin of the graph.

Learn more about Isocost Line here:

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Holliman Corp. has current liabilities of $407,000, a quick ratio of 1.90, inventory turnover of 4.50, and a current ratio of 3.40. What is the cost of goods sold for the company?

Answers

Answer:

Cost of goods will be $4670325

Explanation:

We have given current liabilities = $407000

A quick ratio = 1.90

Current ratio is 3.40 and inventory turnover = 4.50

We know that current ratio is the ratio of current assets and current liabilities

So 3.4=(current\ assets)/(current\ liabilities)

So current assets = $1383800

Now quick ratio is equal to = (current\ assets-inventory)/(curtrent\ liabilities)

So 0.85=(1383800-inventory)/(407000)\n

Inventory = $1037850

Inventory turnover is given 4.5

So 4.5=(cost\ of\ goods\ sold)/(average\ inventory)

4.5=(cost\ of\ goods\ sold)/(1037850)

So cost of goods sold = 4.5×$1037850 = $4670325

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Answers

Answer:

D. Price or Loss leader pricing

Explanation:

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Answers

Answer:

the options are missing, but I wrote down the two possible answers

the journal entry to record the purchase assuming perpetual inventory method:

Dr Merchandise inventory 40,000

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the journal entry to record the damaged merchandise assuming perpetual inventory method:

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OR

the journal entry to record the purchase assuming periodic inventory method:

Dr Purchases 40,000

    Cr Accounts payable 40,000

the journal entry to record the damaged merchandise assuming periodic inventory method:

Dr Accounts payable 4,000

    Cr Purchases returns 4,000
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