Under process costing, the unit cost of the completed units is less than the unit cost of the incomplete units
Indicate whether the statement is true or false
FALSE
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Stormy Corporation has two service departments (S1 and S2) and two production departments (P1 and P2), and uses the step-down method of cost allocation. Management has determined that S1 provides more service to the firm than S2, and has decided that the number of employees is the best allocation base to use for S1. The following data are available:DepartmentNumber of EmployeesS110S220P150P270Which of the following statements is (are) true if S1 and S2 have respective operating costs of $280,000 and $350,000?
A. S1's cost should be allocated (i.e., spread) over 150 employees. B. S1's cost should be allocated (i.e., spread) over 140 employees. C. Both S1's cost should be allocated (i.e., spread) over 140 employees and S2 should allocate a total of $390,000 to P1 and P2. D. S2 should allocate a portion of its $350,000 cost to S1. E. S2 should allocate a total of $390,000 to P1 and P2.
The price of a stock is $64 . A trader buys 1 put option contract on the stock with a strike price of $60 when the option price is $10 . When does the trader make a profit?
A. When the stock price is below $60 B. When the stock price is below $64 C. When the stock price is below $54 D. When the stock price is below $50
For the equation 5G - 2 = 43 ? G = 9?
Indicate whether the statement is true or false
PC conferencing facilitates simultaneous transmission of video and data, but not voice
Indicate whether the statement is true or false.