How can a poorly designed database result in unintentional loss of critical records?
The deletion anomaly may cause data to be deleted unintentionally from incorrectly normalized tables. In such situations, records that are legitimately deleted from the table may result in the deletion of other data not intended for deletion.
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Porsche relies on currency hedging rather than price increases to boost pretax profits on sales of its automobiles. What is the advantage of doing this, and how does hedging work?
What will be an ideal response?
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. 275,000 materials; 215,000 conversion. C. 195,000 materials; 195,000 conversion. D. 195,000 materials; 225,000 conversion. E. 150,000 materials; 150,000 conversion.
Product cost are also called inventoriable cost
Indicate whether the statement is true or false
Revenues and expenses are temporary accounts.
Answer the following statement true (T) or false (F)