Factors that jobs share in common with one another and that provide an evaluation basis are called _________________
A. Compensable factors
B. Evaluation factors
C. Analysis factors
D. Weighted factors
A
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ChemKill Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had a zero beginning balance. During January, 44,000 gallons of chemicals were started into production. During the month, 35,000 gallons were completed, and 9000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.
During January, the Mixing Department incurred $52,000 in direct materials costs and $211,000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. The weighted-average method is used. The total cost of the chemical pesticide in ending inventory was ________. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) A) $211,000 B) $52,000 C) $38,808 D) $263,000
Criminal laws in the United States are enacted by:
A) Federal government. B) State governments. C) Municipal governments. D) All of the above.
Mopsun, a garment store, sells customized hoodies at $7 per unit. The total fixed costs add up to $8000 per year, and the variable costs add up to $3 per unit. How many hoodies should Mopsun sell every year in order to cover all costs?
A. 1000 B. 2000 C. 1500 D. 2500
The Tori Company had budgeted production for the year as follows:Quarter1234Production in units10,00012,00016,00014,000Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,000 lbs. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs in materials. Budgeted purchases of raw materials in the third quarter would be:
A. 62,400 lbs. B. 50,400 lbs. C. 63,200 lbs. D. 56,800 lbs.