The following unit data were assembled for the assembly process of the Super Co for the month of June. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process. Units Beginning work in process 5,000 (60% complete) Units started in September 51,000 Ending work in process 4,000 (30% complete) The
number of equivalent units produced with respect to direct materials costs is:
A) 51,000
B) 50,000
C) 47,000
D) 56,000
A
You might also like to view...
The main difference in the master budget process for manufacturing, retail, and service organizations is found in the kinds of operating budgets prepared by the organization
Indicate whether the statement is true or false
With services, continual investment in training, retraining, and good management of people is required if ________.
A. intangibility is to be consistently high B. variability is to be consistently low C. tangibility is to be consistently low D. inseparability is to be consistently high E. perishability is to be consistently high
Betty writes a check for the purchase of a pair of shoes. The manager of the shoe store takes the check to Betty's bank and asks the bank to cash it. Must Betty's bank honor the check?
a. Yes, if Betty actually has an account at that bank. b. Yes, if the shoe store has an account at Betty's bank. c. No, if Betty did not authorize the bank to cash the check. d. No, because Betty is liable to pay, not the bank.
Which of the following statements is CORRECT?
A. A bond is likely to be called if its coupon rate is below its YTM. B. A bond is likely to be called if its market price is below its par value. C. Even if a bond's YTC exceeds its YTM, an investor with an investment horizon longer than the bond's maturity would be worse off if the bond were called. D. A bond is likely to be called if its market price is equal to its par value. E. A bond is likely to be called if it sells at a discount below par.