Equivalent units of output are the complete units that could have been produced given the total amount of manufacturing effort expended for the period under consideration
Indicate whether the statement is true or false
True
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Compete the following statement: Over the next decade to 2010, the prime age population in the UK, as a proportion of the total population, is forecast to:
a. increase b. decrease c. stagnate d. expand
Which of the following is not an effective tool for most collaborative writing tasks??
A) ?A wiki B) ?E-mail C) ?Track Changes and Comment features in MS Word D) ?Google Docs
Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. Work in Process, May 1 (50,000 units, 100% complete for direct materials, 40% complete with respect to conversion costs; includes $70,500 of direct material cost; $34,050 of conversion costs). Units started in May225,000 Units completed in May200,000 Work in Process, May 31 (75,000 units, 100% complete for direct materials; 20% complete for conversion costs). Costs incurred in
May Direct materials$342,000 Conversion costs$352,950 If Pitt Enterprises uses the FIFO method of process costing, compute the equivalent units for direct materials and conversion respectively for May. A. 225,000 materials; 195,000 conversion. B. 195,000 materials; 195,000 conversion. C. 275,000 materials; 215,000 conversion. D. 195,000 materials; 225,000 conversion. E. 150,000 materials; 150,000 conversion.
Ramos Corporation reported the following equity section on its current balance sheet
The common stock is currently selling for $18.00 per share. Common Stock, $5 par, 194,000 shares authorized, 143,000 shares issued and outstanding $715,000 Paid-In Capital in Excess of Par-Common 130,000 Retained Earnings 301,000 Total Stockholders' Equity $1,146,000 After the declaration and distribution of a 20% stock dividend, what is the total number of common shares issued? A) 13,000 B) 160,160 C) 143,000 D) 17,160