Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 6,000 Percent complete with respect to materials 60%Percent complete with respect to conversion 20%Costs in the beginning inventory: Materials cost$78,200 Conversion cost$3,600 Units started during the month ? Units completed and transferred out during the month 70,000 Costs added to production during the month: Materials cost$286,600 Conversion cost$216,000 Work in process, ending: Units in process 8,000 Percent complete with respect to materials 75%Percent complete with respect to conversion 25%What was the cost per
equivalent unit for conversion during the month?
A. $6.95
B. $4.00
C. $5.45
D. $3.05
Answer: D
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Location-independent computing in which shared data centers deliver hosted IT services over the Internet
a. IT outsourcing b. Network administration c. Cloud computing d. Custom software
Repeat the Spuds and Suds Income Statement example from Chapter 7 with the following assumptions: price per unit and fixed costs are expected to increase by an average annual rate of inflation of 2%. Also assume that variable costs as a percent of sales will remain constant at 65%. Finally, suppose that Spuds and Suds is a firm in the early stage of business, and that unit sales are projected to grow at a rate of 20%, 15%, 10% and 5% for 2018-2021 respectively.
a) Create an income statement using the assumptions explained above. b) Calculate the operating break-even point in both units and dollars. c) How many units would Spuds and Suds need to sell in order to achieve earnings, before interest and taxes of $900,000? d) Calculate the degree of operating, financial, and combined leverage for each year. e) Create a chart that shows how the various leverage measures have changed over this five-year period.
The Deferred Revenue account is shown in which statement?
A. Income statement. B. Balance sheet. C. Statement of cash flows. D. Statement of stockholders' equity.
________ is the step of the decision-making process in which the consumer checks her memory and surveys the environment to identify what options might solve her problem
A) Product evaluation B) Behavioral targeting C) Problem recognition D) Problem screening E) Information search