Information for the month of January concerning Department A, the first stage of Cando Corporation's production cycle, follows: Materials Conversion Beginning work in process $17,200 $16,400 Current costs 50,000 . 34,000 Total costs $67,200 $50,400 Equivalent units using average cost method 112,000 112,000 Average unit costs $ 0.60 $ 0.45 Goods completed 100,00 . units Ending work in process
24,00 . units The ending work in process is 50 percent complete. How would the total costs accounted for be distributed using the average cost method? Goods Completed Ending Work in Process
a. $105,00 . $12,600
b. $ 67,200 . $14,400
c. $ 67,200 . $50,400
d. $105,00 . $14,400
a
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Which of the following is true about a trustee's duties?
A. He cannot sell the debtor's nonexempt property. B. He cannot have the debtor's property appraised. C. He represents the debtor in bankruptcy proceedings. D. He examines the claims filed by various creditors.
Mega Skateboard Supplier had net sales of $2.8 million, its cost of goods sold was $1.6 million, and its net income was $0.9 million. Its gross margin ratio equals:
A. 56%. B. 57%. C. 43%. D. 32%. E. 175%.
“Quality is a virtue of design” means that if products are well designed, all of the following will be true, EXCEPT ______.
a. there will be fewer operations problems b. the product will be easier to sell c. the design process will be shorter d. servicing the product will be less costly
The start of the bankruptcy process is
a. the submission of a plan of repayment. b. the bankruptcy court's issuance of an order for relief. c. a meeting of creditors. d. the appointment of a trustee.