Assuming that there is a one-to-one relationship between the output measures, the units started in a subsequent department is:
A) equal to the equivalent units plus the materials added.
B) equal to the equivalent units of that department.
C) equal to the materials added plus conversion costs.
D) equal to the units transferred out from the prior department.
D
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We ______________________________ by reconciling totals prepared before a computer process has begun to totals prepared at the completion of the computer process. The totals may be prepared and reconciled either manually or by the computer
Fill in the blank(s) with correct word
Which of the following provides an explanation of why the variable overhead rate is separated from the fixed overhead rate in standard costing?
A) There is no justifiable reason; their separation is merely to simplify entries. B) Both calculations divide by the same direct labor hours, but the numerator is different for each calculation. C) The variable overhead rate is calculated using actual direct labor hours, whereas the fixed overhead rate is calculated using normal capacity direct labor hours. D) The behavior of costs, used for computing variable overhead rate and fixed overhead rate, differs.
Given the following parents and components, how many Bs are required to make an X? Quantities
are shown in brackets. Parent X A Component A 2. B 2. B 1. D 1. A) 1 B) 2 C) 3 D) 4 E) 5
If the amount on an instrument is altered, a holder in due course can enforce the instrument for the original amount
Indicate whether the statement is true or false