Business, 19.09.2019 05:00 AleciaCassidy
Polk company manufactures basketballs. materials are added at the beginning of the production process and conversion costs are incurred uniformly. production and cost data for the month of july 2017 are as follows. production data— in process units, july 1 530 60 %units started into production 1,320 work in process units, july 31 560 40 %cost data—basketballswork in process, july 1 materials $720 conversion costs 640$1,360 direct materials 2,500 direct labor 1,200 manufacturing overhead 1,230(a) calculate the following(1) the equivalent units of production for materials and conversion costs.(2)the unit costs of production for materials and conversion costs.(3)the assignment of costs to units transferred out and in process at the end of the accounting period.(b)prepare a production cost report for the month of july for the basketballs.
Answers: 1
Business, 22.06.2019 15:10
Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.
Answers: 3
Business, 22.06.2019 20:00
Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g
Answers: 2
Business, 22.06.2019 22:20
Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.
Answers: 1
Polk company manufactures basketballs. materials are added at the beginning of the production proces...
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