Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units:Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to conversion.Units started and completed: 110,000.Units completed and transferred out: 135,000.Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $43,000.Costs in beginning Work in Process - Conversion: $48,850.Costs incurred in February - Direct Materials: $287,000.Costs incurred in February - Conversion: $599,150. Calculate the cost per equivalent unit of materials.
A. $2.61
B. $2.05
C. $1.74
D. $2.00
E. $2.36
Answer: D
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The cash-to-cash operating cycle is the number of days' sales in
a. receivables and working capital. b. receivables and plant assets. c. inventory and receivables. d. inventory and plant assets.
In accordance with generally accepted accounting principles, which of the following methods of amortization is normally recommended for intangible assets?
a. Sum-of-the-years'-digits b. Straight-line c. Group composite d. Double-declining-balance
Based on the information in Table 4-1, the average collection period is
A) 29.85 days. B) 36.50 days. C) 46.34 days. D) 32.85 days.
Which of the following defines the vesting period?
A. The period during which employee stock options can be exercised B. The period during which the options are issued C. The period during which the strike price of the options equals the stock price D. The period during which employee stock options cannot be exercised