The following are the details of Blossom Corp with respect to Inventories and Conversion Costs (CC):
Career
Life
Take your
next level
subjects, in
✓Chemistry
Duits Completed
Ending WIP D of Completion of Conversion Costs
Units in Beginning Work-In-Progress (WIP) Inventory
Begning WIP Inventory Degree of Completion of Conversion Costs
Conversion Costs In Beginning WIP Inventory
New Uony Started
Costs Added to WIP inventory During the Period, e, Conversion Costs
1500
70%
$4200
27500
$194326
27100
1900
30%
If the Blossom Corp. follows the First-In, First-Out (FIFO) method, determine the total equivalent cost per unit for Conversion Costs.
$8.46
$0.16
O$9.65
$7.30
Answers
The total equivalent cost per unit for conversion costs using the FIFO method is approximately $20.37. Option B is correct.
To determine the total equivalent cost per unit for conversion costs using the First-In, First-Out (FIFO) method, we need to calculate the weighted average cost per unit based on the information provided.
Given;
Units in beginning work-in-progress (WIP) inventory: 1,500
Beginning WIP inventory degree of completion of conversion costs is: 70%
Conversion costs in beginning WIP inventory: $27,500
Units started: 1,900
Costs added to WIP inventory during the period, including conversion costs: $32,627
Ending WIP degree of completion of conversion costs is; 30%
To calculate the total equivalent cost per unit for conversion costs, we need to determine the total conversion costs and the total equivalent units of production.
Calculate equivalent units of production for conversion costs:
Units in beginning WIP inventory: 1,500 units × 70% = 1,050 equivalent units
Units started: 1,900 equivalent units
Total equivalent units: 1,050 equivalent units + 1,900 equivalent units = 2,950 equivalent units
Calculate the total conversion costs;
Conversion costs in beginning WIP inventory: $27,500
Costs added to WIP inventory during the period: $32,627
Total conversion costs: $27,500 + $32,627 = $60,127
Calculate the weighted average cost per unit for conversion costs:
Total conversion costs / Total equivalent units = $60,127 / 2,950 equivalent units ≈ $20.37
Therefore, the total equivalent cost per unit is approximately $20.37.
Hence, B. is the correct option.
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--The given question is incorrect, the correct question is
"The following are the details of Blossom Corp with respect to Inventories and Conversion Costs (CC):Career Life Take your next level subjects, in✓ Chemistry Duits Completed Ending WIP D of Completion of Conversion Costs Units in Beginning Work-In-Progress (WIP) Inventory Begning WIP Inventory Degree of Completion of Conversion Costs Conversion Costs In Beginning WIP Inventory New Uony Started Costs Added to WIP inventory During the Period, e, Conversion Costs150070%$420027500$19432627100190030%If the Blossom Corp. follows the First-In, First-Out (FIFO) method, determine the total equivalent cost per unit for Conversion Costs. A) $8.46 B) $20.37 C) $9.65 D) $27.30."--
Related Questions
PLEASE I NEED 2 PARAGRAPHS BY MONDAY!
Answers
The four Ps of Marketing is a product, price, place, and promotion. Thus, a lemonade ad should contain all four marketing strategies.
The ad for the lemonade stand will start with a bright yellow catchy brochure, intending the product, i.e, lemonade. The brochure will mention different types of lemonades one will be offering in their stand. The brochure will detail every content in great catchy fonts. Then the product brochure will have the list of prices added next to its menu of products.
Along with the brochure, there will be SNS platforms promoting the product and there will be a launch for the disclosure of the place of the lemonade stand. The promotion of the product will be included in the local daily newspaper along with the distribution of brochures and on SNS sites.
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What is feasibility? Multiple Choice Difficult to quantify or measure. Easy to quantify and typically measured to determine the success or failure of a project. The measure of the tangible and intangible benefits of an information system. Periodic reviews of actual performance versus expected performance.
Answers
According to business operation analysis, the feasibility measures the tangible and intangible benefits of an information system.
This is because feasibility is the study or analysis of a project to show if the project can be conducted or not.
Feasibility is used to measure or analyze the practicality of a project, and it forms an integral part of a project design or plan.
Hence, in this case, it is concluded that the correct answer is option C. "The measure of the tangible and intangible benefits of an information system."
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Which involves having the government make most economic decisions?
Answers
Answer:
socialisim
Explanation:
a socialist economy is basically an economy where the government are charged with redistributing the welth of the nation
Imagine you are the dining room manager of a restaurant. You are responsible for
creating a set of sanitation rules to be followed by the staff.
The sanitation rules should cover the following aspects:
Service sanitation rules
Personal hygiene and attire rules
Side work rules
Answers
Will the current market situation cause the price to go up, go down, or stay the same?
Answers
Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market
If a firm must forgo a cash flow, not leasing an owned building for example, in order to accept some investment project, are the lost cash flows included in the analysis?
Depreciation is a non-cash expense. How do we account for it when determining project cash flows?
Answers
When a firm must forgo a cash flow, such as not leasing an owned building to accept some investment project, the lost cash flows are included in the analysis. Depreciation is a non-cash expense, and it is accounted for differently than cash expenses when determining project cash flows.
Depreciation is a non-cash expenditure that is used to account for the decrease in value of a physical asset such as property, plant, and equipment (PP&E) over time.
As a result, it has no direct effect on a company's cash flow.
In order to account for depreciation when calculating project cash flows, it must first be added back to the net income of the company. Depreciation expense is added back since it is a non-cash expenditure that has no direct effect on a company's cash flow.
To calculate cash flow from operations, the resulting figure is then decreased by the amount of taxes paid.The building can be rented out or leased to someone else, which can bring in extra income.
In order to account for the lost cash flows, the potential rental or lease income should be included in the analysis, and the lost cash flows should be factored in when calculating the net present value (NPV) of the investment project.
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The United Stated Supreme court is:
*
O Elected to six-year terms
O The supreme law of the land
O Restricted by state laws
O Restricted to decisions regarding federal law
Answers
The United Stated Supreme court is Restricted to decisions regarding federal law.
The federal law are bills that have passed both houses of Congress, been signed by the president, passed over the president's veto, or allowed to become law without the president's signature.
The Supreme court of the United State is the highest court in the American judicial system and has the power to decide appeals on all cases brought in federal court or those brought in state court dealing with federal law.
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When communication goes from lower to higher ranks in the hierarchy of an organization, it is called ______ communication.
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When communication goes from lower to higher ranks in the hierarchy of an organization, it is called upward communication.
Communication is the transfer of information from one place to another. It involves one sender and one receiver.The main purpose of communication can be achieved when the message sent is understood by the receiver. This communication is called effective communication.
There are two major types of communication:
Upward CommunicationDownward Communication.In upward communication employees can contact upper management directly. They can share their ideas, give feedback. Downwards communication in the workplace is considered most important. This type of communication is more liked by most of the organizations as employees can share their concerns and give suggestions to bring improvement in the business. In this way they will be motivated and feel more valued. Therefore upward communication goes from lower to higher rank.
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Kelly clocks into work every morning on time, then she uses the first ten minutes of her shift to get coffee, use the restroom, and chat with her colleagues. Is Kelly’s use of time ethical, or unethical? Why?
Answers
Kelly's use of time can be considered unethical as she uses the first ten minutes of her shift to get coffee, use the restroom, and chat with her colleagues.
Let's discuss why her actions can be considered unethical below:
Reasons, why Kelly's use of time can be considered unethicalKelly's use of time, can be considered unethical for a few reasons. Firstly, Kelly is being paid for her time, and her employer expects her to work during her shift hours. By taking ten minutes to complete tasks that are not work-related, she is essentially stealing time from her employer. This behavior can lead to decreased productivity, which is not only bad for the employer but also for Kelly herself.
Secondly, Kelly's use of time can be considered unethical because it violates the trust that her employer has placed in her. When an employee is hired, they are trusted to use their time and skills to perform their job duties to the best of their ability. By spending ten minutes on non-work-related tasks, Kelly is not fulfilling this obligation, and her employer may begin to doubt her ability to be productive at work.
Finally, Kelly's use of time can be considered unethical because it sets a bad example for her colleagues. If Kelly's colleagues see her spending ten minutes chatting with them instead of working, they may be tempted to do the same. This behavior can lead to a decrease in productivity and can create a negative work environment.
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What business-based situations and actions turn you off as a consumer of products and services? Record your responses.
Answers
Consumer turnoff is a situation where customer experiences poor services and unprofessional behavior from organizations.
Who is said to be consumer?
A consumer is a person or a group that is not directly involved in entrepreneurial or commercial operations and who intends to order or utilises acquired items, products, or services primarily for personal, social, family, or household purposes. The phrase is most frequently used to describe someone who makes purchases for their own use.
A consumer in an economy purchases products or services primarily for personal use rather than for resale or for business objectives. For products or services, customers must pay money (or an equivalent). ([4]) Next, eat (use up). As a result, consumers are an essential component of any economy and play a crucial role in the economic system of a capitalist society.
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Why is the fed often referred to as a "lender of last resort," or the last lender to turn to in a crisis?.
Answers
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
A lender of last resort is the organization in a business system that serves as the provider of liquidity to a business company which finds itself incapable to achieve enough liquidity in the interbank lending market and other facilities or sources have been consumed.
Can you give me brainliest please?
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
Determine which of the statements below are accurate regarding how a petty cash fund is created and used in a business. (Check all that apply.)
A. When the fund is replenished, the Petty Cash fund account is debited.
B. Any employee may disburse cash from the fund as long as they bring back a receipt for their purchase.
C. The petty cashier is responsible for making payments from the petty cash fund.
D. The petty cashier is responsible for keeping the cash in the fund safe.
E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time
F. A check is drawn by the company cashier to establish the petty cash fund
Answers
Answer:
Options C,D,E and F are correct
Explanation:
Petty cash fund is used to provide sufficient cash to business units to spend on minor expenditures such as postage, taxi fares, etc.
The following statements are accurate regarding how a petty cash fund is created and used in a business:
C. The petty cashier is responsible for making payments from the petty cash fund.
D. The petty cashier is responsible for keeping the cash in the fund safe.
E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time
F. A check is drawn by the company cashier to establish the petty cash fund
Using your savings to buy something you think will increase in value is known as.
Answers
Using your savings to buy something you think will increase in value is known as investing.
Ways to invest savingsIf you have savings that you want to multiply, it is best to invest them in various assets that have been appreciated over time. Among the alternatives to investing, the following stand out:
Gold is a demanded good that has been appreciated. Also, gold can sell quickly if you need the money.Collectible and classic cars increase their value over time if they are in good condition and are design icons in the automobile industry.Art objects are in high demand depending on their originality, and antiquity. Their value will increase as the artist is more recognized.Learn more about savings and investments here:
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Lisa loves to draw and has a good eye for what is visually appealing. She wants a job where she can work independently, and possibly be self- employed. Which marketing position best matches her interests and career goals? A. Logistician B. Marketing research analyst O C. Sales representative D. Graphic designer
Answers
Answer:
D. Graphic designer
Explanation:
Graphic designers use visual arts such as images, words, and graphics to communicate with their audience. They may use hand or computer software to create captivating messages that inform, inspire, and attract customers' attention.
The objective of marketing is to make customers interested in the company's products. Graphic designers can use their talents to create charming visual arts to make customers want to buy a company's products. Graphic designers can be employed, but the majority work as independent contractors. Lisa has the skills to be a graphic designer. She can practice her talent as a self-employed individual.
Answer:
Graphic designer
Explanation:
I just did it
finance accountants, p.a., is a private employer. in most circumstances, federal law generally prohibits finance from subjecting its employees to:
Answers
Finance accountants, P.A., is a private employer, and as such, federal law generally prohibits it from subjecting its employees to certain actions.
Some of the actions that are generally prohibited include:
Discrimination: Finance may not discriminate against its employees on the basis of race, color, religion, sex, national origin, age, disability, or genetic information.
Harassment: Finance may not allow its employees to be subjected to a hostile work environment based on any of the protected characteristics listed above.
Retaliation: Finance may not take adverse actions against employees who report discrimination or harassment, or who participate in other protected activities, such as filing a complaint or giving testimony in an investigation.
Unsafe working conditions: Finance may not allow its employees to work in conditions that are unsafe or pose a risk to their health and safety.
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how do you find your claimant id number for unemployment
Answers
Answer:
The Claimant ID can be found in the upper-right of the UI Finding letter, as well as other letters received from IDES. Fraud victims can use the information from a fraudulent UI Finding letter to report the case to IDES.
Explanation:
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5. Given the model for the Mary Island economy calculate the equilibrium level of income. (2 Points) C= 100+.7YD G = 700 T = 500 1 = 200 6. Calculate the government spending multiplier and the tax multiplier if the MPC is 0.6. 7. Determine the net impact upon the nation's economy that results from equal increases in government spending and taxes of $10 billion when the MPC is.8.
Answers
The net nation's economy from equal increases in government spending and taxes of $10 billion when the MPC is 0.8 is an increase in income by $10 billion.
C = 100 + 0.7YD
G = 700
T = 500
I = 200
Using the Keynesian expenditure-income model -
Y = C + I + G + (X - M)
= (100 + 0.7YD) + 200 + 700 + (X - M)
AE = (100 + 0.7YD) + 200 + 700
Y = (100 + 0.7YD) + 200 + 700
Y = 100 + 0.7YD + 200 + 700
Y = 1000 + 0.7YD
Y = 1000 + 0.7(Y - 500) [ disposable income = YD = Y - T, YD = Y - 500]
Y = 1000 + 0.7Y - 350
0.3Y = 650
= 2166.67
Calculating the government spending multiplier -
Mg = 1 / (1 - MPC)
= 1 / (1 - 0.6)
= 1 / 0.4
= 2.5
Calculating the tax multiplier -
Mt = -MPC / (1 - MPC)
= -0.6 / (1 - 0.6)
= -0.6 / 0.4
= -1.5
Calculating the net impact on nation's economy -
ΔY = (Mg x ΔG) + (Mt x ΔT)
= (2.5 x 10) + (-1.5 x 10)
= 25 + (-15)
= 10
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
Answers
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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Describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences)
Answers
An example of when a revolving credit is used is when a person makes use of a credit card to make a payment.
What is a revolving credit ?Revolving credit is a form of credit that does not have a fixed number of payments. It allows the holder of the revolving credit to borrow repeatedly until a maximum amount is reached.
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A personal career profile form can be used to match what you know about yourself to what you know about different careers. TRUE or FALSE.
Answers
Answer:
True
Explanation:
If you look you can understand that personal helps you know yourself.
Answer:
trueeee
Explanation:
on edge
Which of the following statements regarding limited partnerships that are not being disposed of in a taxable transaction is CORRECT?
Losses from a master limited partnership (MLP) may only be used to offset income from the same MLP.
Losses from a nonpublicly traded limited partnership may only be used to offset income from another nonpublicly traded limited partnership.
A)
I only
B)
II only
C)
Neither I nor II
D)
I and II
Answers
The correct option is (D), i.e., I and II. Investors admit duty-sheltered distributions from the MLP. MLPs are considered low-threat, long-term investments, furnishing a slow but steady income sluice.
For limited hookups and master limited hookups, the simplest way to explain the difference between the two business structures is that the ultimate is intimately traded while offering the duty benefits of limited cooperation.
Since MLP distributions are a return on capital, they're substantially duty-remitted. But when you vend, you'll pay levies based on the difference between the deal's price and your acclimated base.
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an auditor is reviewing the minutes of board meetings to determine whether any securities are pledged as collateral. this test of the detail of balances relates to the audit objective of
Answers
The auditor's review of board meeting minutes to determine whether any securities are pledged as collateral relates to the audit objective of "existence."
There are several audit objectives that an auditor must keep in mind while performing audit procedures. These audit objectives aid in ensuring that an audit is conducted properly, and that the financial statements are free from material misstatements.An auditor's examination of board meeting minutes to see if any securities are pledged as collateral relates to the audit objective of "existence." An auditor may use a variety of audit procedures to determine whether collateral exists and is properly recorded. The objective of the existence test of detail of balances is to establish whether the components of an account balance or class of transactions exist, and that they have occurred and pertain to the audited entity.Learn more about the audit objective:
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It is the journey and not the destination that counts? is this a growth or fixed mindset?
Answers
How do you say no .....without saying no in PERSON?
Answers
Answer:
You can say it through a text, a phone call, an email, or a letter.
Explanation:
Answer:
Text, call, Facetime, voice message
Which of the following statements about franchises are true? (Select all that apply.) Check All That Apply A franchise involves a license to use intellectual property. | A franchise involves initial sales of products and services as well as ongoing sales of products and services. Each part of the franchise arrangement must be evaluated to identify the performance obligations. In a franchise arrangement, a franchisee grants to the franchisor the right to sell the franchisor's products and use its name
Answers
A franchise is a kind of license that enables a franchisee to use the franchisor's brand name to sell goods and services by having access to the franchisor's secret business techniques, procedures, and trademarks.
In the US, franchises are a very popular form of business. In most cities, it is difficult to travel more than a few blocks without coming across a franchise establishment.
In franchising, a corporate brand teams up with a franchise owner to launch a business under the brand's wing. Using the franchisor's name, logo, goods, services, and other assets, the franchisee owns and manages that location.
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The Fibonacci sequence is a series of values that can be easily calculated with what kind of function?
a.compounding function
b.repeating function
c.recursive function
d.duplicating function
Answers
The Fibonacci sequence is a series of values that can be easily calculated with recursive function.
What is recursive function?Recursion that works - how a recursive "factorial" function gets executed. We already had a "sneak peek" at recursion in a previous lecture. Recursive function: A function is recursive if the function, in order to compute its result, ends up "calling itself".A general recursive function, partial recursive function, or -recursive function is a partial function from natural numbers to natural numbers that is "computable" in both a formal and intuitive meaning in mathematical logic and computer science. Computing factorials is the traditional illustration of recursive programming. A number is multiplied by all the numbers below it, up to and including 1, to determine its factorial. For instance, factorial(5) is equivalent to 5*4*3*2*1, whereas factorial(3) is equivalent to 3*2*1.
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An example of a risky short term investment strategy is
Answers
Answer:
stocks are unpredictable and can be considered a risky short term investment, but if it goes well it will be considered a good risky investment strategy
Explanation:
When supply chain members that buy and sell to one another are not in agreement about their goals, roles, or rewards ________ channel conflict can occur.
Answers
When participants in a supply chain who buy from and sell to one another do not agree on their objectives, responsibilities, or rewards, discord or vertical channel conflict results.
What is Discord or vertical channel conflict?The Investors Book defines a channel partner dispute as "any dispute, difference, or discord occurring between two or more channel partners, where one partner's activities or operations harm the other channel partner's business, sales, profitability, market share, or comparable objective accomplishment."a means via which a manufacturer sells products such as hardware, software, and accessories directly to consumers: • Direct sales force — This is a channel where products are delivered directly from the producer or vendor to the final consumer, typically via a field sales force that has received professional training.Partners may have a wider network, but some of them may also share a network, which could cause conflict. Carefully choosing partners to prevent oversaturation and turf conflicts is essential for preventing both vertical and horizontal channel conflict.To learn more about Discord or vertical channel conflict refer to:
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How should the headings of a resume be formatted so that they are clear and easy to find?
a. bold and italicized
b. capitalized and bold
c. underlined and italicized
d. capitalized and underlined
Answers
Answer:
B. capitalized and bold
Explanation:
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Got it correct on Edge.
investors with a ______ risk tolerance may have a long time horizon and are usually looking to maximize their returns in the stock market.
Answers
investors with a high risk tolerance may have a long time horizon and are usually looking to maximize their returns in the stock market.
In economic and business, An investor generally can be defined as an individual that puts money into an entity for a financial return such as a business. Investors can be divided into several types, such as investors with high risk tolerance, investors with moderate risk tolerance, and investors with small risk tolerance. Investors with high risk tolerance usually have a lot of free time, so they can freely monitor stock movements on the market and earn big profits.
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