In the cost reconciliation report under the weighted-average method, the "Total cost accounted for" equals:
A. Cost of beginning work in process inventory + Cost of units transferred in
B. Cost of ending work in process inventory + Cost of units transferred out
C. Cost of beginning work in process inventory + Cost of units transferred out
D. Cost of ending work in process inventory + Cost added to production during the period
Answer: B
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"Last month, I opened a résumé-writing business out of my dorm room. And, now, on this floor alone, I find that I have three start-up competitors!" complained Ashley. Her roommate replied, "Well, at least you haven't had to buy any new equipment for your business. But apparently neither have your competitors." This scenario indicates the
A. high threat of new entrants when substitute products are few. B. high bargaining power of suppliers when the market is weak. C. high threat of new entrants when capital requirements are low. D. low bargaining power of customers when suppliers are numerous. E. high bargaining power of customers when suppliers are few.
Lawrence Sales Corporation offers warranties on all their electronic goods
Warranty expense is estimated at 3% of sales revenue. In 2017, the company had $603,000 in sales. In the same year, Lawrence Sales replaced defective goods with a cost of $16,500. Which of the following is the entry needed to record the replacement of the defective goods? A) Estimated Warranty Payable 16,500 Merchandise Inventory 16,500 B) Warranty Expense 16,500 Estimated Warranty Payable 16,500 C) Warranty Expense 18,090 Estimated Warranty Payable 18,090 D) Warranty Expense 18,090 Merchandise Inventory 18,090
What is the 25th percentile also known as?
a.Q1 b.Q2 c.Q3 d.Q4
A sample is used to obtain a 95% confidence interval for the mean of a population. The confidence interval goes from 10.89 to 13.21 . If the same sample had been used to test H0: ? = 12 vs. H1: ? ? 12, H0 could not be rejected at the 0.05 level
Indicate whether the statement is true or false