M represents ________ in the factor model, Xi = Ai1 F1 + Ai2 F2 + Ai3 F3 + ... + Aim Fm + ViUi,
A) the number of variables
B) the number of common factors
C) the mth standardized variable
D) the common factors
B
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Kara believed she could finish her degree early even though her advisor told her she wouldn’t succeed. This is an example of ______.
A. Pygmalion Effect B. Galatea Effect C. Golem Effect D. deception
Company manufactures widgets and they use process costing. The status of their beginning and ending inventory is as follows: Beg. Inventory 30% of the manufacturing process is complete. Ending Inventory 55% of the manufacturing process is complete. Direct materials are added to the manufacturing process in stages. None are added when production begins. Approximately 1/2 of the materials are added
when the product is 25% complete. The other half is added when the product is 50% complete. What % complete are Beginning Inventory and Ending Inventory with respect to Direct materials(DM) and Conversion Costs(CC)? A) Beg.Inventory DM-50% CC-30%End.Inventory DM-100% CC-55% B) Beg.Inventory DM-50% CC-30%End.Inventory DM-55% CC-55% C) Beg.Inventory DM-30% CC-30%End.Inventory DM-55% CC-55% D) Beg.Inventory DM-50% CC-70%End.Inventory DM-100% CC-45%
The sale of goods or merchandise to retailers; industrial, commercial, institutional, or other professional business users; or wholesalers is referred to as
A. vending. B. retailing. C. marketing. D. supplying. E. wholesaling.
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