Direct materials costs and conversion costs for the current period on a FIFO process cost report are divided by their respective units of equivalent production to arrive at the
A) units to be started.
B) transferred-in cost per unit.
C) beginning inventory cost per unit.
D) cost per equivalent unit.
D
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The flow of costs in a job order costing system ________.
A) cannot be determined until all jobs are complete B) transfers all costs to manufacturing overhead C) involves accumulating costs and then assigning costs to jobs D) includes the major steps of accumulating and amortizing
The debt ratio helps to assess the risk a company has of failing to pay its debts and is helpful to both its owners and creditors.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. When computing the present value, the interest rate will vary depending on the amount of risk. Riskier investments, such as FDIC-insured bank deposits, command higher interest rates. 2. When computing the present value, the interest rate will vary depending on the amount of risk. Safer investments, such as FDIC-insured bank deposits, yield lower interest rates. 3. Discounted cash flow methods incorporate compound interest by assuming that companies will reinvest future cash flows when they are received. 4. Net present value is defined as the difference between the present value of the investment's net cash inflows and the investment's initial cost. 5. Management's minimum desired rate of return on a capital investment is known as the return on investment.
Profit responsibility refers to
A. the duty of a firm to maximize profits for its owners or stockholders. B. the view that an organization has an obligation to those who can affect the achievement of its objectives. C. the idea that organizations are part of a larger society and are accountable to that society for their actions. D. the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit. E. the concept that no expansion or additional research and development will occur until a company is making a profit.