During the current month, Thompson Company started 40,000 units of product and transferred 25,000 fully completed units to finished goods. The final work in process inventory was 50 percent complete as to labor operations. There was no initial work in process, and actual labor hours were 150,000 for the period. Each unit should have required 3 direct labor hours to be produced at standard. The
total standard hours allowed for the period are
A) 75,000 hours.
B) 97,500 hours.
C) 120,000 hours.
D) 150,000 hours.
B
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On January 2, 2018, the Rambler Company purchased 40% of the outstanding common stock of the AMC Corporation for $2,000,000. AMC's net assets had a book value of $3,900,000 as of January 2, 2018. AMC's buildings were undervalued by $350,000, their land was overvalued by $75,000, and their inventory was undervalued by $145,000.Required:Determine the amount of goodwill resulting from the purchase of the AMC stock.
What will be an ideal response?
The ability to improve decision making by using "what if" analysis is a characteristic of a marketing information system
Indicate whether the statement is true or false
U.S. GAAP and IFRS allows the use of present value to calculate the cost of an asset except:
a. When assets are held for more than one year. b. When assets are held for less than one year. c. When assets are depreciated using the straight line method d. When asset are sold in the middle of the accounting cycle.
A ________ is defined as a market segment on which an organization focuses its marketing plan and toward which it directs its marketing efforts
A) social network B) market convergence C) subculture D) value chain E) target market