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Thepotemich [5.8K]
2 years ago
12

Forte Co., had 3,000 units of work in process on April 1 that were 60% complete. During April, 11,000 units were started and as

of April 30, 4,000 units that were 40% complete remained in production. How many units were completed during April?
a. 12,200.
b. 10,000.
c. None of the answers is correct.
d. 9,800.
e. 11,000.
Business
1 answer:
Semmy [17]2 years ago
4 0

Answer:

b. 10,000.

Explanation:

The number of units completed in April is given by the number of units on April 1st (3,000) added to the number of units started during April (11,000) minus the number of units still in production on April 30th (4,000):

\begin{array}{ccc}Starting\ n^o\ of\ units&3,000\\Units\ started\ in\ April&11,000\\Units\ not\ completed\ in\ April&(4,000)\\Units\ completed\ in\ April&10,000\end{array}

10,000 units were completed during April.

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Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the first processing depar
jeka57 [31]

Answer:

Cost per Equivalent Unit = $663, 836/72,000 units = $9,220

Explanation:

We are asked to determine the cost per equivalent unit for conversion costs for the month of June

Step 1: we determine the quantity of units that were transferred to the next department

Quantity transferred = Opening Work in Progress + Units Started and in production - The Closing inventory of Work in Progress

= 14,000 units +76,000 units -20,000 units = 70, 000 units

Step 2: Calculate the number of Equivalent units in production

Equivalent Units in Production= Units transferred + The Closing Inventory of work in Progress

= 70,000 units + (20,000 units x 10%)

= 70,000 units + 2,000 units

=72,000 units

Step 3: We calculate the Cost per Equivalent Unit

= The Total Cost of Production / The Equivalent Units (determined in step 2)

Total Cost =Cost in beginning WIP Inventory + Additional Conversion cost

= $92,218 + $571,618= $663,836

Cost per Equivalent Unit = $663, 836/72,000 units = $9,220

8 0
1 year ago
The basket of goods in the consumer price index consists of about _________ products; that is, several hundred specific products
Elan Coil [88]
<span>The basket of goods in the consumer price index consists of about     " 80,000"     products; that is, several hundred specific products in over     "200"      broad-item categories.</span>
7 0
1 year ago
A society can produce two goods: donuts and beer. The society's production possibility frontier is negatively sloped and "bowed
monitta

Answer:

c. increases

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

The production possibility frontier is graph that shows the two combinations of goods that an economy can produce given its resocurces.

As the production of donuts increases, the amount of beers that would be forgone in order to increase production of donuts rises.

I hope my answer helps you

5 0
2 years ago
Some poople argue that the only beneficiary of the entrepreneurial wealth is the entreprenceur him/herselt Do you agree? Why or
Ugo [173]

I do not agree that “the only beneficiary of the entrepreneurial wealth is the entrepreneur him/herself.”

The entrepreneur may be the chief beneficiary when she is alive to reap the rewards of their entrepreneurial efforts. But, she is certainly not the only beneficiary of the entrepreneurial wealth that she creates. Nobody works in isolation. When the entrepreneur commences her business, society as a whole benefits because any individual wealth created increases the wealth of the nation and the world. She only gets the profit share of the created wealth. Customers who patronize her services and goods also derive satisfaction of needs (utility or value). The entrepreneur's wealth is also shared to the government in form of taxes. Suppliers of primary goods and services also share in the wealth of the entrepreneur. And employees of the entrepreneur also take a large share of the created wealth.

But, who is an entrepreneur? She is somebody who assumes some entrepreneurial (first-time) risks in order to set up a business for the manufacture or provision of goods and services for the purpose of profit. Her business may not be profitable in the short-run. She can even lose tons of money initially until the profit stage sets in. As she preserves, the profits will start rolling in, provided she had done her homework well.

8 0
1 year ago
The defect rate for data entry of insurance claims at Sadegh Kazemi Insurance Co. has historically been about 1.50​%. This exerc
AURORKA [14]

Answer and Explanation:

Data provided in the question

defect rate i.e. \bar p = 1.50%

the sample size = n = 200

Now

S_p = \sqrt{\frac{\bar p (1 - \bar p)}{n} } \\\\= \sqrt{\frac{1.50\% (1 - 1.50\%)}{200} }

= 0.008595057

Now the 3 sigma control limits is

UCL_p = \bar p + 35p

= 0.015 + 3 (0.008595057 )

= 0.04078517

LCL_p = \bar p - 35p

= 0.015 - 3 (0.008595057 )

= 0

hence, the 3 sigma control limits are UCL 0.04078517 and LCL 0 respectively

7 0
2 years ago
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