Which document is the objective evidence used as the basis to record the following journal entry?
a. Invoice
b. Time ticket
c. Job cost sheet
d. Purchase order
e. Materials requisition
e
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If an employee is injured during the course of her employment, she may either sue the employer
in court or proceed with a workers' compensation claim. Indicate whether the statement is true or false
WSP Manufacturing produces a pesticide chemical and uses process costing
There are three processing departments-Mixing, Refining, and Packaging. On January 1, the first department-Mixing-had no beginning inventory. During January, 40,000 fl. oz. of chemicals were started in production. Of these, 31,000 fl. oz. were completed and 9,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly through the process. At the end of the month, WSP calculated equivalent units. The ending inventory in the Mixing Department was 60% complete with respect to conversion costs. With respect to conversion costs, how many equivalent units were calculated for the product that was completed and for ending inventory? A) Product completed: 31,000 equivalent units; Products in ending inventory: 5,400 equivalent units B) Product completed: 31,000 equivalent units; Products in ending inventory: 9,000 equivalent units C) Product completed: 40,000 equivalent units; Products in ending inventory: 5,400 equivalent units D) Product completed: 40,000 equivalent units; Products in ending inventory: 9,000 equivalent units
Under ________, if one party's required cooperation is untimely, the other party is excused from any resulting delay in her own performance
a. nonhappening of presupposed condition b. right to cooperation c. right to adequate assurance of performance d. anticipatory repudiation
The marketing concept involves:
A. focusing on customers' wants and needs so that the organization can distinguish its product (or products) from competitors' products B. satisfying management's needs and wants with the idea of maximizing profits in the short run C. selling as much product as possible under the assumption people will buy more goods and services if aggressive selling techniques are used D. selling as much as possible under the assumption consumers will buy more at lower prices E. focusing on production in order to increase product quality and lower prices