An equivalent unit is calculated by:
A. dividing the number of physical units by the percentage of completion.
B. subtracting the number of physical units in ending Work in Process Inventory from the total number of physical units.
C. multiplying the number of physical units by the percentage of completion.
D. dividing the number of physical units into direct materials and conversion costs.
Answer: C
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You are given the following information about activity A:
Normal time = 9 weeks Crash time = 7 weeks Normal cost = $20,000 Crash cost = $30,000 What will it cost to complete activity A in 8 weeks? A) less than or equal to $24,000 B) greater than $24,000 but less than or equal to $27,000 C) greater than $27,000 but less than or equal to $30,000 D) greater than $30,000
The tactic of hiding messages within another medium, such that the message is undetectable for those who do not know to look for it, is known as which of the following?
a. Dark marketing. b. Steganography. c. Immersive fiction. d. Gold farming. e. Plot placement.
If you have reliable income, sufficient assets and a good credit history, you would likely qualify for a prime mortgage
Indicate whether the statement is true or false.
The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Machine Hours Direct Labor Costs Busiest month (June) 14,000 $200,000 Slowest month (December) 6,000 $120,000 What are the direct labor costs per machine hour?
A. $16.00. B. $14.29. C. $10.00. D. $20.00.