comfort chair company manufacturers a standard recliner. during february, the firm's assembly department started production of 73,400 chairs. during the month, the firm completed 78,100 chairs, and transferred them to the finishing department. the firm ended the month with 10,500 chairs in ending inventory. there were 15,200 chairs in beginning inventory. all direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. the fifo method of process costing is used by comfort. beginning work in process was 35% complete as to conversion costs, while ending work in process was 70% complete as to conversion costs. beginning inventory: direct materials $24,100 conversion costs $35,600 manufacturing costs added during the accounting period: direct materials $168,000 conversion costs $278,300 what were the equivalent units for conversion costs during february?
Answers
The equivalent units for conversion costs during February were 85,450. This is calculated by adding the number of units completed during the month (78,100) to the number of units in ending inventory that are 70% .
The FIFO method of process costing is used by Comfort, which means that the costs of the beginning work in process inventory are transferred out first, before the costs of the units started during the month. The beginning work in process inventory was 35% complete as to conversion costs, which means that it was only 35% converted to finished goods. The ending work in process inventory was 70% complete as to conversion costs, which means that it was 70% converted to finished goods.
The number of equivalent units for conversion costs is calculated by multiplying the number of units by the percentage of completion. For the beginning work in process inventory, the number of equivalent units is 15,200 units * 0.35 = 5,320 units. For the units started during the month, the number of equivalent units is 78,100 units * 1 = 78,100 units. For the ending work in process inventory, the number of equivalent units is 10,500 units * 0.70 = 7,350 units.
When we add up the number of equivalent units for each category, we get a total of 85,450 equivalent units. This is the number of units that are considered to be fully converted to finished goods, for the purposes of calculating the cost of goods manufactured.
To learn more about inventory here brainly.com/question/31146932
#SPJ11
Related Questions
A financial institution that accepts deposits, makes loans, and provides other
financial services is a(n):
A. contractual institution.
B. depository institution.
C. fractional reserve institution.
D. investment institution.
Answers
Answer:
B. depository institution.
Explanation:
Depository financial institutions provide customers with a wide range of financial services. They accept customer's deposits, issue loans, process checks, facilitate local and international payment, among others.
Depository financial services comprise commercial banks that are profits oriented and not-for-profit institutions such as credit unions and thrift institutions. Commercial banks charge a higher interest rate on loan issued than credit unions. However, banks can issue bigger loans than credit unions.
Answer:it’s not B
Explanation:
Got wrong on A.P.E.X
You were 50 days late in paying your credit card bill. How many years will this mistake stay on your credit history?.
Answers
If a person is 50 days late in in paying his/her credit card bills in that case, this mistake will be staying in credit card history for 7 years from the date of delinquency.
A credit card is a type of payment card that is issued to customers (cardholders) to allow them to reimburse a retailer for products and services according to the amount of debt they have incurred. The credit card issuer (often a bank or credit union) establishes a revolving account and offers the cardholders with a credit line from which they can draw funds to pay for transactions or receive a cash advance.
Seven years following the initial date of the default, missed payments continue to appear on your credit card history. Although if you pay previous debts, the late payment will not be removed from your credit record for 7 years.
Learn more about credit card here:
https://brainly.com/question/27350251
#SPJ4
HELP ASAP
match the terms with their definitions
Inflation
Economizing
cost- push pricing
Target audience
demand-pull inflation
cost-plus pricing
comparison shopping
Markup
1.
Setting a price based on production costs plus a markup
2.
Checking prices, brands, and quality among several sellers
to make sure you are getting the best deal
3.
Rising prices as a result of rising production costs
4.
An increase in the general level of prices for goods and services
5.
Saving as much as possible and spending money only when necessary
6.
A specific consumer group who are likely to buy a product
7.
Rising prices as a result of consumers wanting to buy more
goods and services than producers supply
8.
The percentage amount added to production cost to obtain the price of an item
Answers
Answer:
4, 5, 3, 6, 7, 8, 2, 1,
Explanation:
Besides the monthly lease, the fitness center needs insurance coverage to protect against damage from a storm or fire and to cover any claims from members getting hurt. Maria will lease weights and cardio equipment and will have a monthly payment for that. She’ll also pay for utilities monthly and will pay salaries for the staff, who run the facility. What type of costs are these expenses?.
Answers
A fixed cost are the expenses that Maria pays for weights ,cardio equipment ,utilities and monthly salary for staff etc.
What is meant by fixed cost ?Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing a something or providing a service. Fixed costs are therefore regarded as indirect costs.Property taxes, rent, salary, and the cost of benefits for non-sales and management staff are examples of fixed expenses. They are one of the three categories of expenses that most companies face. Costs that are changeable or semi-variable are the others.On a company's income statement, indirect expenses typically show up simultaneously as fixed and semi-variable costs.It is crucial for business owners to comprehend the charges they face so they may successfully control their spending. Greater sales and production volumes often result in higher total costs; but, as certain expenses are fixed, the percentage rise in total costs will be lower than the percentage increase in sales and production.Learn more about Fixed cost refer :
https://brainly.com/question/3636923
#SPJ4
The manager of a local garage buys winter tires for $105 each and marks them up by 85% of cost. In late April, he clears out remaining inventory at a 35% markdown. Determine the clearance price of one tire.
Answers
The clearance price of one tire is $126.16. It's important to note that the manager still earns a profit even after the markdown since the initial markup was significant.
To determine the clearance price of one tire, we need to first calculate the selling price after the 85% markup.
Selling price = Cost price + 85% of cost price
Selling price = $105 + 0.85($105)
Selling price = $194.25
Then, we need to calculate the markdown price after the 35% markdown.
Markdown price = Selling price - 35% of selling price
Markdown price = $194.25 - 0.35($194.25)
Markdown price = $126.16
Therefore, the clearance price of one tire is $126.16. It's important to note that the manager still earns a profit even after the markdown since the initial markup was significant.
To know more about clearance price visit:
https://brainly.com/question/11607772
#SPJ11
If you are calculating how much you need to deposit today into an account with an interest rate of 5 percent in order to withdraw $50,000 in 5 years for a mortgage down payment, you are:
A. Discounting
B. Analyzing
C. Loaning
D. Compounding
E. None of the above
Answers
If you are calculating how much you need to deposit today into an account with an interest rate of 5 percent in order to withdraw $50,000 in 5 years for a mortgage down payment, you are Discounting.
Finding the present value of a future payment or stream of payments through discounting involves figuring out how much money must be invested today in order to attain a given future goal. In this case, the person is attempting to calculate the amount they must deposit now in order to withdraw $50,000 for a down payment on a house in five years, while accounting for a five percent interest rate. They can figure out how much money has to be deposited right now in order to achieve that goal by discounting the future payout back to its current value.
Learn more about payment here:
https://brainly.com/question/15136793
#SPJ4
If you have easy access to a computer, your job search efforts should be limited to the Internet. Please select the best answer from the choices provided
Answers
Answer:
false
Explanation:
Answer: false
Explanation:
A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can the owner collect for his loss?
Answers
Assuming the owner has a policy with $60,000 coverage. The amount that the owner collect for his loss is $30,000.
Policy coverageIn order for the total amount of a partial loss to be paid the house must be insured for at least 80 percent of its value on the date in which the loss ocur.
And since house has a policy coverage of the amount of $60,000. Based on this the minimum requirement is 75 percent which mean that the policy will pay only 75 percent of the loss or $30,000.
Inconclusion the amount that the owner collect for his loss is $30,000.
Learn more about policy coverage here:https://brainly.com/question/25855858
B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?
Answers
Answer:
conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through
.Differences in production efficiencies among nations in producing a particular good result from:
A) different endowments of fertile soil.
B) different amounts of skilled labor.
C) different levels of technological knowledge.
D) all of the above.
Answers
D) all of the above.
Differences in production efficiencies among nations in producing a particular good can result from a combination of factors, including different endowments of fertile soil, different amounts of skilled labor, and different levels of technological knowledge.
A) Different endowments of fertile soil: The availability and quality of fertile soil can significantly affect agricultural productivity. Nations with abundant fertile land may have a comparative advantage in producing agricultural goods due to favorable growing conditions.
B) Different amounts of skilled labor: The presence of skilled labor can enhance productivity in various industries. Nations with a higher proportion of skilled workers, possessing specialized knowledge and expertise, may be more efficient in producing certain goods that require specific skills or craftsmanship.
C) Different levels of technological knowledge: Technological advancements play a crucial role in enhancing production efficiencies. Nations that have invested in research and development, innovation, and technological infrastructure may have an advantage in producing goods that benefit from advanced technologies and processes.
To learn more about production efficiencies: https://brainly.com/question/28415264
#SPJ11
Most managers have a true office with a door that closes them off from the rest of the employees in the office. Which is a disadvantage to the manager as a result of this environment?
Answers
Full question:
Most managers have a true office with a door that closes them off from the rest of the employees in the office. Which is a disadvantage to the manager as a result of this environment?
(A)the inability to observe employees closely
(B)the prevention of discussing confidential information
(C)the ability to hold small group meetings
(D)the privacy needed for hiring or firing employees
Answer:
(A) the inability to observe employees closely
Explanation:
By isolating themselves with the employees, the managers created a situation where employees could do various activities that is outside their job description without being found out. (such as playing with their phones, browsing through social media, etc).
If they do not create a method to prevent this, it will most likely lead to the reduction of company's overall productivity. One way that the managers can do to still watch over the employees through the closed doors is by installing a camera at strategic locations throughout the room.
Answer:
A: the inability to observe employees closely
you were visiting your grandpa and you happened to find $5000 stashed in an old shoe box. he told you that he had been saving this money for over 20 years. a. explain to him other options he has.
b. explain and demonstrate the principles of compounding interest.
Answers
Answer:
(only a) the best option would be investing in stocks
Explanation:
Rising health care costs directly affect the ability of American business to compete internationally.
Answers
The rising costs of healthcare in the United States can indeed have a direct impact on the ability of American businesses to compete internationally. Here's why:
1. Increased expenses: Rising healthcare costs mean that businesses have to spend more on providing healthcare benefits to their employees. This can lead to higher operating expenses, which can reduce a company's competitiveness in the global market.
2. Reduced profit margins: When businesses spend more on healthcare, their profit margins can decrease. This can limit their ability to invest in research and development, expand operations, or offer competitive prices for their products or services.
3. Loss of talent: High healthcare costs can make it challenging for businesses to attract and retain skilled employees. If a company cannot offer competitive healthcare benefits, talented individuals may choose to work for companies that provide better healthcare coverage. This loss of talent can affect a business's ability to innovate and compete effectively on an international scale.
4. Impact on pricing: The high cost of healthcare can also impact the pricing of products and services. If businesses need to cover their healthcare expenses, they may have to increase the prices of their goods or services. This can make them less competitive in international markets where other companies may offer similar products at lower prices.
5. Economic burden: When healthcare costs rise, it puts a burden on the overall economy. It can lead to higher insurance premiums for individuals, reduced consumer spending, and decreased economic growth. These factors can indirectly affect businesses' ability to compete internationally.
In summary, the rising healthcare costs in the United States can directly impact American businesses' ability to compete internationally by increasing expenses, reducing profit margins, impacting pricing, and causing a loss of talent. It is crucial for businesses to carefully manage healthcare costs to maintain their competitiveness in the global market.
To know more about healthcare visit:
https://brainly.com/question/12881855
#SPJ11
What does Freight Terms mean
Answers
Answer:
Freight Terms identify the party responsible for the payment of freight and are usually expressed as: prepaid or collect with the following nuances: prepaid to a stated location and collect beyond or third party or pre-pay and add. ... Collect means that the consignee owns the freight payment responsibility.
Explanation:
Answer:
Freight Terms identify the party responsible for the payment of freight and are usually expressed as: prepaid or collect with the following nuances: prepaid to a stated location and collect beyond or third party or pre-pay and add. ... Collect means that the consignee owns the freight payment responsibility
Explanation:
loukas is the ceo of a company that makes laundry detergent. even in this very competitive market, loukas acts with ________ to take actions that benefit the interests of society as well as the organization.
Answers
Loukas acts with social responsibility to take actions that benefit both the interests of society as well as his organization.
It is only acting with social responsibility that balances the interests of society with the interests of the laundry detergent organization.Social responsibility involves checking the resources organizational resources, dealing with social issues, and tackling social problems.Thus, when Loukas acts with social responsibility, it becomes for him to recruit and retain productive employees and achieve profit motives.
Read more about corporate social responsibility at https://brainly.com/question/20094437
Consumers have to make tradeoffs in deciding what to consume because.
Answers
Consumers have to make tradeoffs in deciding what to consume because of the scarcity of resources relative to the unlimited wants and needs that people have.
Consumers have limited income, time, and other resources, so they must prioritize their spending and make choices about what goods and services to consume based on their preferences and available resources.
These tradeoffs are necessary because consumers cannot have everything they want, and every decision to consume one good or service means giving up the opportunity to consume something else. For example, choosing to spend money on a luxury item like a fancy dinner or a new designer outfit means sacrificing the opportunity to save or spend on other goods or services.
To know more about tradeoffs click here
brainly.com/question/26477884
#SPJ11
Terri, age 16, is a dependent of her parents in 2020. During the year, Terri earned $5,000 in interest income and $3,000 from part-time jobs. a. What is Terri's taxable income? b. How much of Terri's income is taxed at her rate? c. How much is taxed at her parent's rate?
Answers
Answer:
A. $4,650
B. $1,750
C. $2,900
Explanation:
A. Calculation to determine Terri's taxable income
TAXABLE INCOME
Earned income $3,000
Add Unearned income $5,000
Gross income & AGI $8,000
($3,000+$5,000)
Less: Standard deduction ($3,350)
(Greater of either $3,000 or $1,050 income earned +$350)
Taxable income $4,650
($8,000-$3,350)
Therefore Terri's taxable income is $4,650
b. Calculation to determine How much of Terri's income is taxed at her rate
TAXED AT TERRI'S RATE
Taxable income $4,650
($8,000-$3,350)
Less: amount taxed at parents' rate ($2,900)
($5,000-$2,100)
Taxed at Terri's rate $1,750
Therefore The amount of Terri's income that is taxed at her rate is $1,750
c. Calculation to determine How much is taxed at her parent's rate
TAXED AT PARENTS' RATE:
Net unearned income=$5,000-$2,100
Net unearned income= $2,900
($5,000-$2,100)
Therefore The amount of Terri's income that is taxed at her parent's rate is $2,900
Are you a spender or a saver? Give an example of a situation where you exhibit the behavior of your money personality.
Answers
I am a spender but a wise spender. The situation in which I spent the money in described below.
Who is a saver?A saver is a person who saves money and does not spend money when it is not necessary and irrelevant. A saver saves money and deposits it in an account where the saver receives interest income.
I purchased a Play Station 4 when it first came out because I enjoy playing games in my leisure time, and so I used to go to nearest arcade game station and play games there which was costly so I spent the money by purchasing a Play Station 4 but I spent it wisely.
Learn more about Saver at https://brainly.com/question/27095960
#SPJ1
What should we conclude from the statement that "the cognitive and the emotional
are combined in philosophy"?
Philosophers are often thought of as walking, talking computers.
We should think the hardest about the beliefs that we care about the most
deeply.
Our feelings and opinions should guide us when we do philosophy.
The primary work of philosophy is to analyze emotion.
Answers
We should conclude that the primary work of philosophy is to analyze emotion
Philosophy is an activities that help people to understand fundamental truths, existence, knowledge, values, mind et
Let understand that emotion has a influence on the cognitive processes in humans. Ability to learn, emotions, knowledge, memory, reasoning are all cognitive processes.
In conclusion, the primary work of philosophy is to analyze emotion in human because its depends on cognitive of human which are influenced by emotions.
Learn more about emotion here
brainly.com/question/24078726
Fill in the blank... (business!)
Answers
Answer:
Local market conditions or Local environmental conditions.
Explanation:
The answer is - Local market conditions or Local environmental conditions.
Reason -
Decentralized organizational structures often have several individuals responsible for making business decisions and running the business. Decentralized organizations rely on a team environment at different levels in the business. Individuals at each level in the business may have some autonomy to make business decisions.
"which european country is mentioned by friedman as an exemplary country that has made a huge leap forward by choosing development and reform retail of its entire system?"
Answers
In his book "The Lexus and the Olive Tree," Thomas Friedman mentions Sweden as an exemplary European country that made a huge leap forward by choosing development and reform in the retail of its entire system.
In his book "The Lexus and the Olive Tree," Thomas Friedman does not mention any specific European country as an exemplary country that made a huge leap forward by choosing development and reform in the retail of its entire system. Instead, he discusses the concept of globalization and how it has impacted countries and societies around the world. He argues that countries that embrace globalization and free trade can benefit greatly, but that there are also risks and challenges associated with this process.
In "The Lexus and the Olive Tree," Thomas Friedman praises Sweden as an example of a country that successfully navigated the transition from an industrial economy to a knowledge-based economy through development and reform. Sweden made significant investments in education and training, as well as research and development, which helped to foster a culture of innovation and entrepreneurship.
Sweden also implemented a number of policies aimed at promoting social welfare and equality, such as universal healthcare, affordable childcare, and generous parental leave. These policies helped to create a more inclusive society and reduce inequality, while also promoting economic growth.Overall, Sweden's success can be attributed to a combination of factors, including its strong commitment to education and innovation, its focus on social welfare and equality, and its willingness to embrace change and adapt to new economic realities.
To learn more about “innovation” refer to the https://brainly.com/question/19969274
#SPJ11
Think about the sample you just read. Sort the details depending on whether they are suitable for a younger or older
audience.
defining "litter"
energy-saving goods to buy
statistics about pollution
start an environment club
scientific experts' views
fuel-efficient car facts
how to recycle
Details for a Younger Audience
interviews with kids
Details for an Older Audience
Answers
Facts about fuel-efficient vehicles, scientific theories, and suggestions for energy-saving items For a younger audience, creating an environment club, interviewing kids, recycling, and statistics are appropriate.
Why is it vital to consider the target audience's age?You can reach more people in a certain age group by using age demographics. A certain age group may share cultural experiences, values, or attitudes that might help you relate to your target audience. These concepts can be used to demonstrate how your good or service matches their requirements and way of life.
What are the four most important methods for determining a target audience?When launching a business, a product, or a service from your current firm, identifying your core target audience is essential.
To know more about younger or older audience. visit:
https://brainly.com/question/8321117
#SPJ1
Answer:Details for younger- interviewing with kids, how to recycle, start an environment club, defining “litter”
Older Audience-scientific experts’ views, energy-saving goods to buy,statistics about pollution, fuel-efficient car facts.
Explanation: I took it on edge 2023
The output effect means that a firm will ______. Multiple choice question. sell more of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase more of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase less of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase more of one input when the price of another input rises and less of that particular input when the price of the other input rises
Answers
Answer: Purchase more of one input when the price of another input falls and less of that particular input when the price of the other input rises
Explanation:
The Output effect is meant to explain what happens when the price of an input changes. If an input price increases for instance, production costs will rise and the company will have to buy less of other inputs to keep costs stable.
Conversely, if the price of other inputs fall, the company will see production costs fall which will enable them to purchase more of inputs which didn't change in price.
Verb Phrases Worksheet #3
Change the verb phrase to a strong, descriptive verb phrase for a resume
Answered customer questions
Helped a customer sign up for a loyalty program
Worked a cash register
Listened to customer orders and got them what they wanted
Sell tickets
Put items on shelves
Found expired items and took them out
Cooked cookies
Cooked nachos
Was in a group with other students
Told students what do when baking stuff
Took care of the cat
Took care of the baby
Watched my five year old niece and let her play and eat stuff
Cleaned the house (dusting, cleaning the table and the windows, dishes)
Did the Trash and Recycling and stuff outside
Helped my dad with the oil in our car
Used a computer to type stuff
Write your changed phrase here! Remember for 9-14 there are multiple answers!
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________ _________________
____________________ _________________ __________________
____________________ _________________ __________________
____________________ __________________ _________________
____________________ __________________ __________________ _____________
____________________ ___________________
_____________________ ___________________
Answers
The changed verb phrases are as follows- signing up, working on, listening to, selling, putting, taking ,cooking, cooked, while baking, taking care, watching, have cleaned, do the Trash and Recycling and stuff outside, helping , using.
What are verb phrases?
A verb phrase is a syntactic unit in linguistics that consists of a verb and its arguments, excluding the subject of an independent clause or coordinate clause.
Verb phrases are classified into two types: finite, in which the head is a finite verb, and nonfinite, in which the head is a nonfinite verb, such as an infinitive, participle, or gerund.
Therefore, the changed verb phrases are mentioned above.
To learn more about verb phrase, click here:
https://brainly.com/question/30317479
#SPJ1
URGENT- FINANCIAL MATH.One of the variable expenses that Roxy knows she’ll need to include in her budget is utilities. She decides to review her utility costs for the past year. Assuming the cost for utilities is the same in her new apartment, how much should Roxy budget each month for utilities this year? Explain your reasoning.
Answers
Answer:
Roxy should budget 2165. per year. So maybe a monthly of 144 for the average of the total. For the year I added all the months together and then monthly I added them together and then divided the total by 12 and the average is 144 a month.
Explanation:
If you add them all together that is the total. I hope this helps. But the utilities could be different where she is going.
Which tab provides you options like inserting a table, inserting a shape, or adding Audio/Video?
Answers
Answer:
The insert tab
Explanation:
According to the video "supply chain reaction," what is "the bottom dollar of the supply chain"?
(a) Tin mines in Indonesia
(b) Tin mining in Britain
(c) Tin mining in Bolivia
(d) Tin mining in Nigeria
Answers
According to the video "Supply Chain Reaction", the bottom dollar of the supply chain is the tin mines in Indonesia. The Option A is correct.
What is a supply chain?A supply chain refers to the network of individuals and companies who are involved in creating product and delivering them to the consumer. The links on the supply chain begin with the producers of the raw materials and end when the van delivers the finished product to the end user.
In essence, the supply chain begins its operation when a business receives an order from a customer. Its essential functions then include product development, marketing, operations, distribution networks, finance, and customer service.
The management of supply chain is a crucial process because an optimized supply chain does results in lower costs and a more efficient production cycle. Therefore, most companies seek to improve their supply chains so they can reduce their costs and remain competitive.
Read more about supply chain
brainly.com/question/25160870
#SPJ1
what is the best free editing app for gamers?
Answers
ABC Industries wants to lease a warehouse in an industrial park. The property manager offers a rent of $2,000 per month if ABC will pay maintenance and property insurance on the building, in addition to utilities. What type of lease is this?
a) gross lease
b) ground lease
c) index lease
d) net lease
Answers
The correct answer is d) net lease. In a net lease, the tenant (ABC Industries) is responsible for paying not only the base rent but also certain additional expenses associated with the property, such as maintenance, property insurance, and utilities
In this case, the property manager is offering a rent of $2,000 per month but expects ABC Industries to cover the costs of maintaining and insuring the building, as well as paying for utilities. Therefore, this arrangement aligns with a net lease structure.
Learn more about net lease here: brainly.com/question/28465643
#SPJ11
1 Which one of the following is not Which one of the key roles / purposes of marketing within
business?
A To identify potential customer groups
B To inform customers about the business's product or service
C To prepare cash flow forecasts
D To understand customers and their needs
Your answer
i