Material is added at the beginning of a process in a process costing system. The beginning Work in Process Inventory for the process was 30 percent complete as to conversion costs. Using the FIFO method of costing, the number of equivalent units of material for the process during this period is equal to the
a. beginning inventory this period for the process.
b. units started and completed this period in the process.
c. units started this period in the process plus the beginning Work in Process Inventory.
d. units started and completed this period plus the units in ending Work in Process Inventory.
D
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When a note receivable has been discounted by a company
a. An account called discount on notes receivable is used. b. It will be shown as an asset of the company. c. It slows the collection process. d. It may be shown as a contingent liability in the footnotes.
As a project is crashed and project duration is reduced, direct costs typically
A. Become unstable. B. Increase. C. Become unreliable. D. Stay the same. E. Decrease.
Your firm has expertise with a special type of hand-finished furniture. The learning curve is known to be 82%. If the first piece of furniture took 6 hours, how long will it take to make the second? How long will it take to make the fourth?
What will be an ideal response?
Which of the following actions will DECREASE the present value of an investment?
A) Decrease the interest rate. B) Decrease the future value. C) Decrease the amount of time. D) All of the above will decrease the present value.