The debits to Work-in-Process for Department #2 for the month of April of the current year, together with information concerning production, are presented below. All direct materials come from Department #1. The units completed include the 1,200 in process at the beginning of the period. Department #2 uses FIFO costing.WORK-IN-PROCESS - DEPARTMENT #21,200 units, ¼ completed$1,200Product X, 6,200 units????From Dept. 1, 6,000 units3,600 Direct Labor8,000 Factory OH4,800 1,000 units, ½ complete???? The conversion costs per equivalent unit is:
A. $1.00.
B. $2.00.
C. $2.55.
D. $1.50.
Answer: B
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Which of the following is NOT a basic rule for questionnaire coding?
A) Every closed-ended question should have a code number associated with every possible response. B) Use single-digit code numbers, beginning with "1," incrementing them by one and using the logical direction of the response scale. C) Use the same coding system for questions with identical response options regardless of where these questions are positioned in the questionnaire. D) Remember that a "check all that apply" question is simply a special case of a "yes" or "no" question, so use a "1" (="yes") and "0" (="no") coding system. You will want to consider each concept being tested as a separate question. E) When possible, set up the coding system as soon as possible after the questionnaire is finalized.
Identify which of the following statements is true.
A) If a foreign national has a closer connection with his home country, the individual is taxed as a resident alien. B) To obtain resident status, an alien must meet both the lawful permanent resident test and the substantial presence test. C) An individual who is a resident alien of the United States is taxed on his or her worldwide income at the same tax rates that would apply to a U.S. citizen. D) All of the above are false.
Carolyn, who earns $400,000, is required to pay John, her ex-husband, $200,000 as part of the property settlement as a result of their divorce agreement which was executed in 2018. In turn, John transfers stock worth $50,000 to Carolyn. What is the amount of Carolyn's adjusted gross income in 2018?
A) $200,000 B) $250,000 C) $400,000 D) $450,000
A string literal must be enclosed in ____________________ marks
Fill in the blank(s) with correct word