The equivalent units of production for a department using the FIFO process costing method is equal to the number of units completed plus the equivalent units in the ending inventory.
Answer the following statement true (T) or false (F)
False
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Answer the following statements true (T) or false (F)
1. The norming stage of team development is a lengthy and painful one. 2. During the performing stage, the leader of a team should allow members the empowerment they need to work on tasks. 3. A leader should ease the transition of an adjourning group with rituals celebrating "the end" and "new beginnings." 4. The tendency of a group or team to stick together is known as cooperation.
Which outcome to influence tactics causes bad feelings and distrust?
A. compliance B. resistance C. adherence D. commitment
If a business had a capacity of $8,000,000 of sales, actual sales of $5,000,000, break-even sales of $3,500,000, fixed costs of $1,400,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales?
A) 25% B) 18% C) 28% D) 30%
When a job costing $5,000 is completed, the following journal entry is made:
A) Finished Goods 5,000Cost of Goods Sold 5,000 B) Cost of Goods Sold 5,000Finished Goods 5,000 C) Work-in-Process 5,000Finished Goods 5,000 D) Finished Goods 5,000Work-in-Process 5,000 E) Cost of Goods Sold 5,000Sales 5,000