Grayson Company had 8,700 units in beginning inventory with accumulated costs for direct materials of $17,900, $16,500 direct labor, and $13,200 of overhead. During July, the company completed and transferred 50,000 units to finished goods. Costs incurred in the current period included $45,000 of direct materials, $58,500 of direct labor, and $46,800 of factory overhead. Ending inventory consisted of 12,000 units which were 90% complete with respect to materials and 50% complete with respect to labor and overhead. Compute the value assigned to ending inventory based on the weighted average method of inventory costing.
What will be an ideal response?
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When the sales-related data are captured in the sales order department and then the information flows to the managers housed in the marketing department, it is an example of a:
a. vertical information flow b. horizontal information flow c. both vertical and horizontal information flow d. neither vertical nor horizontal information flow
Indicate whether each of the following statements is true or false._____ a) An appropriation of retained earnings limits the amount available for dividends._____ b) Appropriating retained earnings is considered an asset exchange transaction._____ c) An appropriation is recorded as a decrease to the appropriated retained earnings account and an increase to retained earnings._____ d) One reason for an appropriation of retained earnings is that there may be restrictive covenants in credit agreements._____ e) An appropriation has no effect on the accounting equation.
What will be an ideal response?
How does positive reinforcement become extinction?
a. positive reinforcement cannot become extinction b. when a desirable action is not rewarded c. when the reward loses its value d. when a third party receives an unforeseen negative consequence
The ________ Credit Reporting Act and Equal Credit Opportunity Act state that consumers who are denied loans must receive a notice of "adverse action" explaining the decision
Fill in the blank(s) with correct word