In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $21,000 and ending work in process inventory of $27,000. During the month, $244,000 of costs were added to production and the cost of units transferred out from the department was $238,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:
A. $509,000
B. $48,000
C. $530,000
D. $265,000
Answer: D
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Plummer Corporation has provided the following data for its two most recent years of operation: Selling price per unit$44Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$9Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$66,000 Year 1 Year 2Units in beginning inventory0 2,000Units produced during the year9,000 7,000Units sold during the year7,000 8,000Units in ending inventory2,000 1,000The unit product cost under absorption costing in Year 2 is closest to:
A. $33.00 B. $28.00 C. $9.00 D. $19.00
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In queuing theory, the calling population is another name for
A) the queue size. B) the servers. C) the arrivals. D) the service rate. E) the market researchers.
If a trustee is not elected by creditors, an interim trustee will be appointed by the court
Indicate whether the statement is true or false