The scatter graph method
A) allows a cost analyst to inspect data visually
B) relies on the subjective judgement of the analyst
C) may reveal the presence of outliers
D) all of the answers are correct
D
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Which of the following is the best explanation for why it is necessary to calculate equivalent units of production in a process costing environment?
A. Companies often use a combination of a process costing and job order costing systems. B. In most process costing systems, direct materials are added at the beginning of the process while conversion costs are added evenly throughout the manufacturing process. C. All of the work to make a unit 100% complete and ready to move to the next stage of production or to finished goods inventory may not have been completed in a single time period. D. In most manufacturing environments, it is not possible to conduct a physical count of units. E. In most cases, there is no difference between physical units and equivalent units of production.
A credit-card company is not required to provide advance notice to consumers before changing credit-card terms.
Answer the following statement true (T) or false (F)
Fixed Principal Commercial Loans use the same principal payment for the duration of the loan
Indicate whether the statement is true or false
The phrase to describe when a foreign government's import regulations are not made readily available to the public or are hidden or disguised in bureaucratic rules or practices is: A) not transparent
B) unfair trade practices. C) bureaucratic procrastination. D) limited access.