Equivalent units of production are calculated because
A) some units in ending work-in-process are incomplete at the end of the period.
B) sometimes departments switch from job order costing to process costing, and must recalculate units.
C) the number of equivalent units must always equal the total number of physical units
D) the equivalent cost per unit is used to determine the manufacturing overhead rate.
A) some units in ending work-in-process are incomplete at the end of the period.
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Which legislation makes it compulsory for every public company to have a code of conduct to convey expectations about what is and is not appropriate for its directors and officers?
a. Sherman Act b. Glass-Steagall Act c. Sarbanes Oxley Act d. Gramm-Leach-Bliley Act
Projected sales minus a reasonable profit equals
a. the standard cost. b. projected costs of goods sold. c. target cost. d. conribution margin.
The traditional project champion duties of coordination and control are on display when the project champion:
A) Manages and runs the activities of the team. B) Handles the important administrative side of the project. C) Maintains a clear sense of purpose and a firm idea of what is involved in creating the project. D) Provides the needed motivation for the team.
Are all decreases to cash the result of an unfavorable situation?
A) Yes, decreases to cash are always bad. B) No, cash could decrease as a result of acquiring long-term assets which the company needs to expand or stay competitive. C) Yes, cash could decrease as a result of paying off long-term debt which is an unfavorable action to take. D) No, cash could decrease because the company issued more stock.