A separate Work in Process Inventory account is used in process costing for each major production process.
Answer the following statement true (T) or false (F)
True
In process costing, there will be a separate Work in Process Inventory account for each of the major processes.
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In the VALS2™ system thinkers are career oriented and prefer predictability to risk
Indicate whether the statement is true or false
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. There was 3,160 ounces of direct material in inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.15 per ounce, is:
A. $14,536. B. $18,170. C. $21,896. D. $18,262. E. $18,078.
Although some government programs provide money to people with partial disabilities or short-term disabilities, Social Security does not.
Answer the following statement true (T) or false (F)
Ella, an HR manager, has developed personal relationships with people both internal and external to the firm. She demonstrates the values of the firm while standing up for her own beliefs and dealing with all parties equitably. Which competency is Ella demonstrating?
A. Change mastery B. HR mastery C. Business mastery D. Personal credibility