Answer:
$175,000
Explanation:
Conversion costs are production costs that must be incurred in order to change raw materials into products.
Therefore, we have:
Total of the conversion costs = Cost of clay used in production + wages paid to the workers who paint the figurines = $76,000 + $99,000 = $175,000
Answer:
8,000 units need to be accounted for
Explanation:
The Weighted Average method Calculates the cost per unit by Adding the costs in Opening Work in Process and the Costs added in process department during the period. This cost is then divided by the the Sum of units in closing Work in Process and units of Completed goods.
The Units that needs to be Accounted for is the <em>Sum of</em> the units in Opening Work In Process and the units Transferred into the Assembly Department.
Answer:
170,146
Explanation:
$250,000 / (1.08)5= 170,146
Answer:
increasing then decreasing
Explanation:
production level total cost average total cost
4,000 $8,000 $2.00
4,200 $8,200 $1.95
4,400 $8,800 $2.00
Returns to scale measure the change in productivity, or how much input is needed to produce a unit of output.
- increasing returns to scale: output increases in a greater proportion than inputs
- constant returns to scale: output increases in the same proportion as inputs
- decreasing returns to scale: output increases in a lower proportion than inputs
Since first the average total cost decreased, total output increased in a greater proportion than inputs ⇒ increasing returns of scale. But then the situation reversed and total output increased in a lower proportion than inputs ⇒ decreasing returns of scale.
Answer:
D) a repudiation of the contract.
Explanation:
In contract law, the repudiation of a contract refers to refusal to perform the duties required by the contract. Anticipatory repudiation refers to notifying in advance that one party will not perform. Repudiation is generally considered a contract breach, since one party is refusing to perform.
In this case, Daily Bread Bakeries signed a contact with Enriched Flour, and even though Daily Bread was sold, the company that purchased it must continue with the contract. The repudiation made by Flat Bread's will most likely result in a lawsuit from Enriched Flour.
