Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in process on February 1 that were 60% complete with respect to conversion costs. During the month, 10,000 units were completed. At the end of the month, 4,000 units remained in work in process that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process.How many units were started into production during February?
A. 9,000
B. 10,000
C. 9,800
D. 11,000
Answer: D
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Isadore Hospital bases its budgets on patient-visits. The hospital's static planning budget for July appears below: Budgeted number of patient-visits 7,700 Supplies (@ $4.60 per patient-visit)$35,420Laundry (@ $7.20 per patient-visit) 55,440Salaries 46,200Occupancy costs 67,760Total$ 204,820Actual results for the month were: Actual number of patient-visits 7,800Supplies$38,250Laundry$61,240Salaries$46,190Occupancy costs$65,650The spending variance for laundry costs for the month is:
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false