The debits to Work-in-Process for Department #2 for the month of April of the current year, together with information concerning production, are presented below. All direct materials come from Department #1. The units completed include the 1,200 in process at the beginning of the period. Department #2 uses FIFO costing.WORK-IN-PROCESS - DEPARTMENT #21,200 units, ¼ completed$1,200Product X, 6,200 units????From Dept. 1, 6,000 units3,600 Direct Labor8,000 Factory OH4,800 1,000 units, ½ complete???? What are the total costs to be accounted for on the production cost report for Department #2 for the period?
A. $16,400.
B. $11,600.
C. $17,600.
D. $12,660.
Answer: C
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Benitez Company currently outsources a relay switch that is a component in one of its products. The switches cost $20 each. The company is considering making the switches internally at the following projected annual production costs: Unit-level material cost$3 Unit-level labor cost$2 Unit-level overhead$1 Batch-level set-up cost (5,000 units per batch)$25,000 Product-level supervisory salaries$37,500 Allocated facility-level costs$20,000 The company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space currently being leased to another company for $1,500 a month. If the company decides to make the parts, total costs will be:
A. $27,000 less than if the switches are purchased. B. $30,500 more than if the switches are purchased. C. $10,500 more than if the switches are purchased. D. $20,000 less than if the switches are purchased.
Which of the following is NOT a type of traditional financial data?
A) profit margin B) brand awareness C) accounts payable D) accounts receivable E) revenue
Generally it is illegal as an explicit selection philosophy in the United States.
What will be an ideal response?
Aryn and Mary started at the organization on the same day. Both are hard workers and perceive that they are equitably rewarded for their efforts. According to equity theory, it is likely that both will ________.
A. request a raise B. worker harder or longer C. do less work D. continue to put forth effort E. None of the above