Managers should consider all of the following in developing a sales budget except:
a. Customer demand.
b. Development of new products.
c. Present and future economic conditions.
d. Plant manager salaries.
d
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A loss on disposal of a segment would be reported in the income statement as a(n)
a. administrative expense b. other expense c. deduction from income from continuing operations d. selling expense
Ultimately, the _________________ determines which of the various alternatives will be selected for inclusion in the productivity improvement program
A. Cost-benefit ratio B. Factor analysis C. Standard deviation D. Residual-benefit formula
Procter & Gamble use bricks-and-mortar intermediaries
Indicate whether the statement is true or false
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units:Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion.Units started and completed: 250,000.Units completed and transferred out: 330,000.Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $37,200.Costs in beginning Work in Process - Conversion: $79,700.Costs incurred in October - Direct Materials: $646,800.Costs incurred in October - Conversion: $919,300. Calculate the cost per equivalent unit of conversion.
A. $3.68 B. $2.76 C. $2.90 D. $3.00 E. $3.15