In process costing, the classification of materials as direct or indirect depends on whether or not they are clearly linked with a specific process or department.
Answer the following statement true (T) or false (F)
True
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According to Lex Donaldson (1992) and others, management is a science whose knowledge is validated through proper scientific method. As such, Peters and Waterman’s classic text, In Search of Excellence, ______________.
a. Is one of the most scientifically rigorous representations of culture to date b. Presents managers with a simplistic and scientifically misleading account of organizations c. Is an excellent example of how science can be used to prove the existence of organizational phenomena like culture d. Provides the foundation for groundbreaking research and theory in organizational culture
The ____ is a measurement of profitability that takes into account the time value of money.
a. Payback method b. Discounted rate of return c. Rate of return on investment d. None of the above
U.S. executives are taught and tend to use ________, which is the limiting of uncertainty and the focusing of action on a limited number of alternatives.
A. variety reduction B. variety expansion C. variety amplification D. variety augmentation
Barton Corporation, which adds materials at the beginning of production, uses a weighted-average process-costing system. Consider the data that follow. Number of Units Cost of MaterialsBeginning work in process 40,000 $80,600 Started in June 60,000 124,400 Production completed 75,000 Ending work in process 25,000 The company's cost per equivalent unit for materials is:
A. $2.05. B. $1.67. C. $1.66. D. $1.24. E. None of the answers is correct.