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Question
A department had 65 units which were 20% complete in beginning Goods in Process Inventory. During the current period, 77 units were transferred out. Ending Goods in Process Inventory was 30 units which were 20% complete. Using the FIFO method, what are the equivalent units produced if all direct material and direct labor are added uniformly throughout the process?
A. 83
B. 70
C. 100
D. 77
E. 107
Answer
This answer is hidden. It contains 31 characters.
Related questions
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The _______________________________ is computed by discounting the future net cash flows from the investment at the project's required rate of return and then subtracting the initial amount invested.
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The _______________________________ is computed by dividing a project's after-tax net income by the average amount invested in it.
Q:
In evaluating capital budgeting alternatives, there are two primary methods that do not consider the time value of money. These methods are _______________ and __________________. There are also two primary methods that consider the time value of money; these are ___________________ and _______________________.
Q:
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A. Sell the units as scrap.
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C. It does not matter because both alternatives have the same result.
D. Neither sell nor rebuild because both alternatives produce a loss. Instead, the company should store the units permanently.
E. Throw the units away.
Q:
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Q:
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Q:
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Q:
An additional cost that is incurred only if a particular action is taken is a(n):
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Q:
Periods
12 Percent 1
8929 2
1.6901 3
2.4018 4
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A. $78,210
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D. $237,547
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Q:
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B. $(251.52) and Scott would be willing to pay $29,748.48 for the machine.
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Q:
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B. It includes the time value of money.
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D. It cannot be used if a company records depreciation.
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Q:
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Year 2
Year 3
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$15,000
$6,000
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.8264
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Q:
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Q:
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B. To discount all future and past cash flows.
C. To earn a satisfactory return on investment.
D. To reverse past decisions.
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Q:
What is the difference between an opportunity cost and a sunk cost?
Q:
Rocko Inc. has a machine with a book value of $50,000 and a five-year remaining life. A new machine is available at a cost of $85,000 and Rocko can also receive $38,000 for trading in the old machine. The new machine will reduce variable manufacturing costs by $14,000 per year over its five-year life. Should the machine be replaced?
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B. Yes, because income will increase by $23,000 in total.
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Q:
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Dept. R
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3,000
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B. $500 decrease
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Q:
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42
25 A. 15,000 croquet sets.
B. 12,000 volleyball games.
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Q:
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B. Neither product A nor product B should be processed further.
C. Only product B should be processed further.
D. Only product A should be processed further.
E. A processing further decision cannot be made from the available data.
Q:
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B. Income will increase by $7 per unit.
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D. Income will decrease by $12 per unit.
E. Income will increase by $10 per unit.
Q:
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$20 Nonproduction costs
$3 Fixed costs (in total) Overhead
$175,000 Nonproduction
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A. $23
B. $45
C. $27
D. $50
E. $5
Q:
Assume markup percentage equals desired profit divided by total costs. What is the correct calculation to determine the dollar amount of the markup per unit?
A. Total cost times markup percentage.
B. Total cost per unit times markup percentage per unit.
C. Total cost per unit divided by markup percentage per unit.
D. Markup percentage per unit divided by total cost per unit.
E. Markup percentage divided by total cost.
Q:
Capital budgeting decisions are generally based on:
A. Tentative predictions of future outcomes.
B. Perfect predictions of future outcomes.
C. Results from past outcomes only.
D. Results from current outcomes only.
E. Speculation of interest rates and economic performance only.
Q:
If net present values are used to evaluate two investments that have equal costs and equal total cash flows, the one with more cash flows in the early years has the higher net present value.