Using the weighted average method, what was the materials cost in work in process at July 31?
a. $ 50,000
b. $ 120,000
c. $ 25,000
d. $ 32,000
d
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Carolina Products Carolina Products sells a unique item with the following information available: Sales price $45 per unit Variable costs $15 per unit Fixed costs $5 per unit Units produced and sold 2,000 Refer to the Carolina Products information above. What is the contribution margin per unit?
A) $25 B) $40 C) $45 D) $30
The entry to record accrued interest payable on December 31 on a 90-day, 6% note, issued for $8,000 on December 10 would include a:
a. credit to Accrued Interest Payable for $28. b. credit to Discount on Notes Payable for $28. c. credit to Interest Expense for $120. d. debit to Accrued Interest Payable for $28. e. credit to Interest Expense for $28.
An insurance company chartered in another country has been licensed to operate in your state. In your state, the insurer would be considered a(n)
A) nonadmitted insurer. B) foreign insurer. C) alien insurer. D) reciprocal insurer.
The term "product" often refers to an organization's output and includes both tangible items (e.g., chair, desk, etc.) and intangible items (e.g., services provided).
Answer the following statement true (T) or false (F)