At a Hallmark store you can find several lines of greeting cards, including Fresh Ink, Nature’s Sketchbook, Shoebox, Maxine, Mahogany, and Tree of Life cards—all made by Hallmark for sale in its stores and intended to appeal to different target markets. The Mahogany line is designed to appeal to African Americans. This is an example of ________ segmentation.

Answers

Answer 1

The aforementioned illustration shows how demographic segmentation is used, with the Mahogany line being created with African Americans in mind.

What do you mean by segmentation?

The process of segmenting a target market into groups of potential customers with similar requirements and behaviors involves dividing the market into segments.

The division of consumers into segments according to their demographic traits is known as demographic segmentation. Age, gender, income, education, religion, nationality, and other factors are included in this.

Thus, the correct answer to be filled in the given blank is Demographic segmentation.

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Related Questions

Economist and politicians argue that few policies regarding trade restriction can help to create domestic job, increase GDP and make a domestic economy more competitive globally. Explain what are those strategies that can be used for this purpose?

Answers

Trade Protectionism helps to create domestic jobs, increase GDP and make a domestic economy more competitive globally.

What is trade protectionism?

Trade protectionism is described as when a country, or occasionally a collection of countries working together as a trade bloc, erects commerce barriers with the express purpose of defending its economy from potential risks associated with global trade.

Strategies that can be used for this purpose are:

Tariffs, which are taxes on imports from other nations and international markets, are one tactic that can be employed for this aim. Here, the government is enforcing the tariff in an effort to limit the importation of products and services from abroad, safeguard its own industries and businesses that produce these things, and increase tax revenues.Quotas are specific limitations on the volume of a given class of goods, commodities, and products that may be allowed to be imported into a country. A particular group of people or businesses are typically granted import licenses in order to comply with this import quota.subsidies: Government payments to domestic producers are known as subsidies. This can take the form of monetary compensation, loans with low or no interest, tax deductions, or government ownership of common stock in domestic corporations.A country may impose local content requirements by establishing a manufacturing standard requiring that a specified part or parts of a product be manufactured domestically in an effort to reduce imports.Administrative trade policies are composed of laws, rules, and regulations that are intended to make it extremely difficult for someone to import goods or commodities into a specific country.Antidumping laws are put in place by a country to stop products from being sold in foreign markets for significantly less than their manufacturing costs in an effort to capture a sizable portion of that market.By reducing the value of a country's currency in the foreign exchange markets, exchange rate controls can be used to lower the price of a country's exports.

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As robin uses her computer to write a report of her team’s investigation she is struggling to keep the foot notes numbered in the correct order which of the following is the best advice for robin

Answers

It is advisable for Robin to use the word-processing software to enter footnotes to number them systematically.

What is a Word Processing Software?

The different computer programs, which are easily to be performed in the Word documents, is done with the help and assistance of a word processing software.

The functions of Word Processing Software are performed automatically and saves a lot of time and man-hours.

Hence, option B holds states about the word processing software. Complete question is attached in the image below for better understanding of the concept.

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In my opinion, I think that each and every child should get an education at school. (rewrite and reduce to 9 words)

Answers

In my opinion, every single child needs an education.

(1)  (2)  (3) (PUNC.) (4)   (5)    (6)      (7)       (8)    (9)

Grammar ⇒ √

A good education teaches children to think critically, communicate effectively, solve problems, and work well in groups. It also prepares children to make positive contributions to society as adults by teaching them the value of being ethical citizens who care about their communities.

What is education?Education is a deliberate activity with specific goals in mind, such as knowledge transmission or the development of skills and character traits.These goals may include increasing comprehension, rationality, kindness, and honesty.Education includes both the act of imparting knowledge to others and receiving knowledge from others.Education can also refer to the knowledge gained through schooling or instruction, as well as the entire teaching institution.A true education is defined as "giving a student enough knowledge to be successful in life after they graduate from high school." The goal of school is to provide students with a true education, but as time passes, the old methods of doing so must as well.

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McCallister's just purchased $16,500 worth of inventory. The terms of the sale were 1/15, net 45. What is the implicit interest?

Answers

The implicit interest based on the information given is $165.

How to calculate the interest?

It should be noted that the implicit interest is calculated as:

= Inventory worth × Discount rate

= $16500 × 1%

= $165

Therefore, the implicit interest based on the information given is $165.

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how to write an effective persuasive claims and complaints message

Answers

An effective persuasive claims and complaints system starts with a real compliment, a factual description of the issue, or a point of agreement.

What are the Complaint messages?

A complaint message is a message that details damage, defects, or blunders that occurred with the given items and requests reimbursement.

Thus, an effective complaints message starts with a real compliment, a factual description of the issue, or a point of agreement.

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What methods show the property sheet? Check all that apply.

Answers

The methods that show the property sheet is on the form tools design tab, in the Tools group, click property sheet and press the F4 function.

What is a property sheet?

A property sheet refers to the window that allows the user to view and edit the properties of an item.

The method that shows the property sheet is on the form tools design tab in the Tools group, click the property sheet and press the F4 function key.

Therefore, B, and D are the correct option.

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Calculate costs of goods sold for Day Company

Answers

The cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.

What is the cost of goods sold?

The cost of goods sold is the difference between the beginning inventory added to the period's purchases or finished goods while subtracting the ending inventory.

In other words, the cost of goods sold is the difference between the cost of goods available for sale and the ending inventory.

Data and Calculations:

Beginning inventory = $1,000

Purchases = $7,000

Ending inventory = $3,000

Cost of goods sold = $5,000 ($1,000 + $7,000 - $3,000)

Thus, the cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.

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What is a pain point of operations as a Freelancer that Fiverr helps alleviate?

Answers

The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.

What are financial constrain?

This is known to be when a person or firm lacks money to run their basic activities.

Note that Fiverr has eliminate the stress of looking for a job and as such, The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.

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baker invested $80,000 in a computer company assets = liabilities + owner's equity cash + accounts + computer = accounts + b. baker - b. baker + revenues - expenses

Answers

Baker invested $80,000. Baker capital = $80,000, Baker Withdrawals = $125.00, Cash = $-1,490.00  

What is investment?

An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.

Assets                                       = Liabilities + Owner's Equity

Cash + Accounts + Computer = Accounts + B. Baker - B. Baker +                 Revenues - Expenses

Complete solution given in image.

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Suppose that you want to train a group of engineers how to use their left brains to think more logically and use sequential plans to help them make decisions. Which of the following activities would help engineers get in touch with their left brains? Check all that apply.

Answers

The activities that would help engineers to get in touch with their left brains are:

Have the engineer set goals for attaining their tasks

What does the left part of the brain do?

This is the part of the human brain that is considered to be logical. This is the part that is used for writing, reading and also doing calculations.

The engineer would be have to get in touch with their left brains through the setting of goals.

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Effective managers understand the importance of clear communication using different channels to advance the _________ strategy.

Answers

Effective managers understand the importance of clear communication and hence use different channels to advance the organizational communication strategy

What is a communication strategy?

Communication strategy refers to the plans for speaking statistics associated with a selected issue, event, situation, or audience. They function as the blueprints for speaking with the public, stakeholders, or maybe colleagues.

Therefore, Effective managers understand the importance of clear communication and hence use different channels to advance the organizational communication strategy

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Essman might overlook strategic risks, the business plan at hand can be a good plan and the Product mix may be one of the best. However, things do change, and the plans and the product mix stated in the plan may become outdated making the strategy of the company less efficient to reach its goals. Technological risks may also render the product mix out of date. With the dynamism of technology other efficient products may come to the market making rendering the product mix obsolete.

Would risk retention be a good strategy for this company? Why or why not?

Answers

Risk retention is good for the company as the good has the better strategies planned about the product mix and if the things changed in the future the company is able to conquer the loss.

What is product mix?

Product mix is the total number of products sell by  the particular company, the products can be further divided into the categories and division. Many big companies have the different line products like the cosmetics, glasses, home materials and others.

Thus, Risk retention is good for the company as the good has the better strategies

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The definition of entrepreneurship holds the promise of...

Answers

Answer:

Growth, unlimited expansion and long-term financial gain.

how do we advice company on how to support each of it`s S.B.U

Answers

The company's next task is to determine what objective, strategy and budget to assign to each SBU. Four strategies can be pursued: build, hold harvest, or divest.

What's the definition of user retention and why it is important?
What drives user retention?

Answers

Answer:

User retention, sometimes referred to as "cohort retention," is a crucial indicator of the development of SaaS and digital goods. The proportion of first-time users that return in future time periods is determined by looking at those users during a given time period (usually one month or one week).

Discuss the concept of typosquatting.

Answers

Answer:

typos squatting is a form of cyber crime that involve hackers registering domains with divertly mispelled name of well known website hackers do this unsispecting vistas to ultimate native website typically for molecules proposes

Journalize this transaction as if jumpstart paid cash

Answers

The journal entry for the provided transaction is recorded by debiting the office supplies and crediting the cash with equal amounts of $870.

What is a journal entry?

A journal entry is an entry passed in the book of the journal to record the financial transactions of a company.

The journal entry is recorded as follows:

Date          Particulars                         Debit          Credit

Jan 12         Office supplies                    870

                      Cash                                                      870

                  (To record the purchase of office supplies in cash)

The complete question should be as follows:

On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash.

Therefore, the journal entry is described and recorded as above.

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in insurance Dishonest tendencies that increase the probability of loss are what types of hazard?

Answers

Moral hazards are the insurance Dishonest tendencies that increase the probability of loss.

What is a moral hazard?

This is a term that is used to refer to a type of hazard that happens based on the fact that  person has risks that could have a negative effect on another.

When the person does not ,make decisions based on what is right but rather on what they hope to give them the greatest benefit.

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Instruction: Each of the following passages contains a single argument. 1. identify the premises and conclusion of each argument 2. Fake out the premise and conclusion indicators and write them separ ately. 3. use the standard form of writing arguments premises first and concl usion last by using the letters "p" and "C" 4. which of these passages lack indicators, show us $. 28. 333 10. X X X X X X X X X X X X X X X X X X X X X X X X X X 1 "Abortion is wrong because all human life is sacred."2 "We must reduce the amount of money we spend on space explorati on. Right now, the enemy is launching a massive military buildup, an d we need the additional money to purchase military equipment to m atch the anticipated increase in the enemy's strength." 3 We must give up some privacy in the name of security. If the homeland is not secure, terrorist attacks orders of magnitudes larger than 9/11 will fin d their way to our shores. No amount of privacy is worth enduring an attac k like this. It really does matter if you get enough sleep. We need sleep to think clearl y, react quickly, and create memories. Studies show that people who are ta ught mentally challenging tasks do better after a good night's sleep. Other research suggests that sleep is needed for creative problem solving (U.S. Na tional institutes of Health, "Your Guide to Healthy Sleep") Women of the working class, especially wage workers, should not have mo re than two children at most. The average working man can support no m ore and the average working woman can take care of no more in decentia shion. (Margaret Sanger, Family Limitations) It's flu season and you work with kids, SO you should get a flu shot. "John will probably receive the next promotion SINCE he's been here the lon gest." Instruction : Each of the following passages contains a single argument . 1. identify the premises and conclusion of each argument 2. Fake out the premise and conclusion indicators and write them separ ately . 3. use the standard form of writing arguments premises first and concl usion last by using the letters " p " and " C " 4. which of these passages lack indicators , show us $ . 28 . 333 10 . X X X X X X X X X X X X X X X X X X X X X X X X X X " Abortion is wrong because all human life is sacred . " " We must reduce the amount of money we spend on space explorati on . Right now , the enemy is launching a massive military buildup , an d we need the additional money to purchase military equipment to m atch the anticipated increase in the enemy's strength . " We must give up some privacy in the name of security . If the homeland is not secure , terrorist attacks orders of magnitudes larger than 9/11 will fin d their way to our shores . No amount of privacy is worth enduring an attac k like this . It really does matter if you get enough sleep . We need sleep to think clearl y , react quickly , and create memories . Studies show that people who are ta ught mentally challenging tasks do better after a good night's sleep . Other research suggests that sleep is needed for creative problem solving ( U.S. Na tional institutes of Health , " Your Guide to Healthy Sleep " ) Women of the working class , especially wage workers , should not have mo re than two children at most . The average working man can support no m ore and the average working woman can take care of no more in decentia shion . ( Margaret Sanger , Family Limitations ) It's flu season and you work with kids , SO you should get a flu shot . " John will probably receive the next promotion SINCE he's been here the lon gest . "​

Answers

The argument in each of the passage is life is precious. Hence, the whole passage hammers the importance of life. Read below on each premise and the conclusions made on them.

What are the premises and conclusion to back the argument?

The premises are marked P and the conclusion are marked C. Read below;

P: Abortion; C: all human life is sacredP: wise spending; C: space exploration is inimicalP: warfare; C: improve the armyP: Privacy; C: embrace communalismP: Rest; C: sound healthP: Family planning; C: efficiency in family careP: flu outbreak; C: proactive responseP: Long service worker; C: promotion

Therefore, the correct answers are given above.

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Replacement value is the amount company has to spend to acquire the same asset in the existing condition. True/false

Answers

Answer:

False

Explanation:

Replacement value is the amount company has to spend to acquire the same asset in the brand-new conditions.

The above question instead mentions of acquiring assets in the existing conditions, so the statement given above is false.

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False, the cost to replace a critical asset, such as a piece of real estate, investment security, a lien, or another object, with one of equal or greater worth is referred to as replacement cost. A replacement cost, which is often referred to as "replacement value,"

More about replacement value-

A replacement cost may change depending on elements including the market price of the parts required to rebuild or repurchase the asset and the costs associated with getting assets ready for usage.Replacement costs are frequently used by insurance companies to calculate the value of an insured item. Replacement valuation is the process of determining a replacement cost.

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3 The stagnation stage of the life cycle of a resort is often characterized by the increasing cost of public services and the lowering of the ‘quality of life’ for many residents.
Describe this situation from the viewpoint of (i) older residents living in the community, many of whom are ‘incomers’ from industrial cities in other parts of the country and (ii) a well-educated middle class couple with young children, who are staying
in the resort for their main holiday.

Answers

Old age people are incomers can afford to pay for better resorts to live in with and offer better facilities. Thus they would not any will to live with lower quality services and thus they would not prefer to stay at this stage. Since the Middle class couple with their young children cannot afford to pay for very high expensive services, the couple might not recognize the resort to be in the stagnation stage & keep living there for their holiday. Middle class people have to face a lot in every situation, there incomes are limited so in case of inflation they used to suffer.

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‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫‫

Answers

‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎

Naomi weighed 50 patients for a medical study using a scale that measures to the nearest whole pound. She then calculated the mean weight as 176 pounds, with a standard deviation of 12 pounds.

If the distribution is normal, what percent of the data lies between 140 pounds and 212 pounds?

Answers

99.7 percentage of the data lies between 140 and 212 pounds when the distribution of the standard deviation is normal.

What is standard deviation?

Any given quantity, which is used to express that how many observations  differ from others in the total observations of a data, is referred to as standard deviation. It is represented by σ.

To calculate the percentage of data lying between the given values, we will use the formula of empirical method and the given information to compute as under,

[tex]\rm P(mu-3\ x\ \sigma < X < \mu + 3\ x\ \sigma)[/tex]

Solving further,

[tex]\rm P(176-3\ x\ \12 < X < \176+ 3\ x\ 12) = 0.997[/tex]

Hence, the significance upon the standard deviation of data weighted by Naomi is as aforementioned.

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One stores information is listed in the table below. Sales return $700 rent expenses $1,288 sales discount $950 depreciation expense $600 cost of merchandise sold $7,600 gross sales $20,900 advertising expense $1,650 salary expense $2,900 heat expense $900 Using this information calculate the stores net sale gross profit total operating expenses and net income

Answers

Sales Return -$700                                Cost of merchandise sold- $7600

Rent Expenses- $1288                           Gross sales- $20900

Sales Discount- $950                             Advertising Expense- $1650

Depreciation Expense- $600                 Salary expense- $2900

Heat expense- $900

Net sales occurs only when sales returns, allowances or any discounts is subtracted from company's gross sales.

   A) Net sales = Gross sales- return- sales discount

       Net Sales= $20900- $700- $950 = $19,250

Company's revenue or sales subtract cost of goods sold or direct expenses.

   B) Gross profit=  Net Sales- Cost of merchandise sold

        Gross profit= $19,250- $7600 =$11,650

Expenses incure during normal business operations like rent, insurance etc.

    C) Total operating expenses= Rent+ Depreciation+ Heat+ Advertising+    Salary expense

Total operating expenses= $1288+ $600+ $1650+ $2900+ $900= $7,338

The amount which comes after deducting cost, allowances & taxes.

    D) Net income= Gross profit- total operating expenses

         Net income= $11,650- $7338= $4,312

Hence, net sales is $19250, gross profit is $11650, total operating expenses is $7338, net income is $4312

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How do you think something like the WTO can impact State Sovereignty, if at all?

Answers

To what degree a state's Legal Sovereignty is affected by its participation in the World Trade Organization depends on whether we adopt a "revocability-based conception" or a "veto-based conception" of state sovereignty. This is further explained below.

What is Sovereignty?

Generally, Sovereignty is simply defined as the power of a state to exert control over itself or over another nation.

In conclusion, Whether or not WTO participation impacts Legal Sovereignty of a state is contingent on whether we use a "revocability-based conception" or a "veto-based conception" of state sovereignty.

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a). Write the journal entries to correct the following errors. (1) Rent Received Kshs. 430,000 have been credited to the Commissions Received account. (2) Bank charges Kshs. 34,000 have been debited to the Business Rates account. (3) Completely omitted from the books is a payment of Motor Expenses by cheque Kshs. 37,000. (4) A purchase of a fax machine Kshs. 242,000 has been entered in the Purchases account. (5) Returns inwards Kshs. 216,000 has been entered on the debit side of the Returns Outwards account. (6) A loan from G Bain Kshs. 2,000,000 has been entered on the credit side of the Capital account. (7) Loan interest of Kshs. 400,000 has been debited to the Van account. (8) Goods taken for own use Kshs. 84,000 have been debited to the Purchases account and credited to drawings. (10 Marks)

Answers

The journal entries to correct the errors are as follows:

Journal Entries:

(1) Debit Commission Received Account Kshs. 430,000

Credit Rent Received Account Kshs. 430,000

To reverse the credit to the wrong account.

(2) Debit Bank charges Kshs. 34,000

Credit Business Rates account Kshs. 34,000

To reverse the debit to the wrong account.

(3) Debit Motor Expenses Kshs. 37,000

Credit Bank Account Kshs. 37,000

To record the payment.

(4) Debit Equipment (Fax Machine) Kshs. 242,000

Credit Purchases account Kshs. 242,000

To reverse the debit to the wrong account.

(5) Debit Returns Inwards Account Kshs. 216,000

Credit Returns Outwards Account Kshs. 216,000

To reverse the debit to the wrong account.

(6) Debit Capital Account Kshs. 2,000,000

Credit Loan, G Bain Kshs. 2,000,000

To reverse the debit to the wrong account.

(7) Debit Loan Interest Kshs. 400,000

Credit Van Account Kshs. 400,000

To reverse the debit to the wrong account.

(8) Debit Drawings Kshs. 168,000

Credit Purchases account Kshs. 84,000

Credit Inventory Kshs. 84,000

To reverse the debit to the wrong account.

Transaction Analysis:

(1) Commission Received Account Kshs. 430,000 Rent Received
Account Kshs. 430,000

(2) Bank charges Kshs. 34,000 Business Rates account Kshs. 34,000

(3) Motor Expenses Kshs. 37,000 Bank Account Kshs. 37,000

(4) Equipment (Fax Machine) Kshs. 242,000  Purchases account Kshs. 242,000

(5) Returns Inwards Account Kshs. 216,000 Returns Outwards Account Kshs. 216,000

(6) Capital Account Kshs. 2,000,000 Loan, G Bain Kshs. 2,000,000

(7) Loan Interest Kshs. 400,000 Van Account Kshs. 400,000

(8) Drawings Kshs. 168,000 Purchases account Kshs. 84,000 Inventory Kshs. 84,000

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Real GDP takes into account the effect of any price increases (inflation) and adjust for it. Nominal GDP doesn't adjust for inflation (price increases). True or false

Answers

This statement on the difference between Real GDP and Nominal GDP is True.

How is nominal GDP different from Real GDP?

Nominal GDP refers to the final value of goods and services in a country and it is calculated using current prices in the market.

Real GDP on the other hand, takes Nominal GDP and adjusts its for inflation to see the effects of price changes on production.

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A building's owner pays a property manager in 81/2% commission based on the units annualized rent for each new tenant last year the manager signed five new tenants 3 at $795 per month one at $1,200 per month and one at $900 per month what was the total amount of the property managers new tenant commissions for that year?

Answers

Commission paid by the building owner to the property Manager for the new tenant is $4575.

What is a Commission?

A brokerage receives compensation for delivering a customer who signs a lease by way of a rental commission. Frequently, rental commissions are stated as months of rent or as a percentage of the annual rent.

The calculation for the Commission of Property Manager:

Commission = Total annualised rent x percentage of Commission

                     = (795 x 12 x 3 + 1200 x 12 + 900 x 12) x 8.5%

                     = 53820 x 8.5% = $4,575

Commission for the property manager = $4,575.  

   

Thus,  a rental commission, a brokerage is paid for bringing a consumer who signs a lease. The commission for the property manager is $4,575.

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Step 1: Read each section of the scenario on your own. a) If you have questions about how to complete this assignment, ask your teacher for assistance. b) If you need help understanding any of the terms or equations used in the scenarios and questions, ask your teacher for assistance. Step 2: Participate in a group discussion to answer the questions in each section. a) Meet with your assigned group to discuss the questions for each scenario. b) Remember to take notes and follow the rules for group discussions. c) Use your notes from the discussion to answer the questions. Step 3: Use this checklist to evaluate your project. If you can check each box below, you are ready to submit your project.  Did you read each scenario carefully?  Did you participate in the group discussion?  Did you take notes during the discussion?  Did you support your ideas with facts and details from the scenarios?  Did you use your notes from the discussion to answer the questions?  Is your worksheet free of errors in spelling and grammar

Answers

Explanation:

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Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average meth-
costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of
in the Cleaning Department during July are presented below:
Work in process inventory, July 1
Work in process inventory, July 31
Pounds of
Salmon
31,000
19,000
Equivalent units of production
Percent Completed
Labor and
Materials
Materials. Overhead
100%
100%
A total of 460,000 pounds of salmon were started into processing during July. All materials are added at the begin
in the Cleaning Department.
Required:
Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the
59%
80%
Labor and
Overhead

Answers

The equivalent unit of production for materials would be 5,10,000 and  for labor & overhead would be 4,93,490.

What is an equivalent unit of production?

An equivalent unit of production is the amount of work done by a manufacturer on the units of output that are partially completed at the end of an accounting period.

Solution:-

                                                    Material                      Labor & overhead

Work in process, July 1            

31,000* 100%                                 31,000

31,000* 59%                                                                             18,290

Units started and completed      460,000                          460,000

Work in process, July 31                

19,000* 100%                                   19,000

19,000* 80%                                                                               15,200

Equivalent unit of production   5,10,000                           4,93,490    

For calculating equivalent unit of production, multiply the number of physical items by the percentage of the work done on them.

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