Answer: $57,000
Explanation:
Given that,
Beginning finished goods inventory in units = 0
Units produced = 7,000
Units sold = 5,100
Sales = $663,000
Materials cost = $140,000
Variable conversion cost used = $70,000
Fixed manufacturing cost = $490,000
Indirect operating costs (fixed) = $102,000
Total Variable cost of units produced = Materials cost + Variable conversion cost used
= $140,000 + $70,000
= $210,000
=
= $30
Units in ending inventory = Units produced - Units sold
= 7,000 - 5,100
= 1,900
Value of Variable costing ending inventory = Units in ending inventory × Variable cost per unit
= 1,900 × $30
= $57,000
When someone is hurt because
of another person's or entity's carelessness or negligence, he or she can recuperate economic and
noneconomic damages that flow from the negligence. He or she will
also have to show duty, breach of duty, and damages. The actual case is called
cause in fact. However, if the defendant's behavior created the cause in
fact<span>, the defendant may
be liable for negligence.</span>
Answer:
Lakeland Chemical
Equivalent Units of Direct Materials total 82,000 units.
Explanation:
1. Calculations:
Beginning Work in process Inventory = 15,200 (100% complete)
Direct materials started in May = 66,800 (100% complete)
Equivalent units of direct materials = 82,000 units
2. The equivalent units of direct materials is the sum of equivalent unit of beginning inventory and the units added during the period.
3. The equivalent cost of the direct materials is the sum of the equivalent costs of beginning and the costs of units added during the period.
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