Which of the following symbols represents the size of a sample?
a. ? 2
b. ?
c. N
d. n
d
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Which of the following statements is true of marketing channels?
A) A direct marketing channel removes a business from the end-user customer. B) A direct marketing channel offers higher margins than an indirect channel, but the company must bear the cost of marketing expenses. C) Customers who make small purchases are usually profitably served with a direct channel system. D) An indirect marketing channel is often expensive, so it limits the number of customers a business can profitably reach. E) Original equipment manufacturers (OEMs) are part of a direct marketing channel system.
Distinguish between current assets and operating assets
Which of the following statements best compares long-term borrowing capacity ratios?
a. The debt/equity ratio is more conservative than the debt ratio. b. The debt ratio is more conservative than the debt/equity ratio. c. The debt/equity ratio is more conservative than the debt to tangible net worth ratio. d. The debt to tangible net worth ratio is more conservative than the debt/equity ratio. e. The debt ratio is more conservative than the debt to tangible net worth ratio.
Herbicida Manufacturing produces a chemical herbicide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 40,000 fl. oz. of chemicals were started in production. Of these, 34,000 fl. oz. were completed, and 6000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted-average method is used.
At the end of the month, Herbicida calculated equivalent units in the Mixing Department as shown below:
During January, the Mixing Department incurred $49,000 in direct materials costs and $213,000 in conversion costs. How much was the cost per equivalent unit for materials and for conversion costs?
(Use the weighted-average method and round your answer to the nearest cent.)
A) $8.17 per EUP for direct materials and $5.33 per EUP for conversion costs
B) $1.23 per EUP for direct materials and $6.26 per EUP for conversion costs
C) $1.44 per EUP for direct materials and $6.26 per EUP for conversion costs
D) $1.23 per EUP for direct materials and $5.66 per EUP for conversion costs