Pay your balance each month and keep a limit
The correct answer is creative.
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Answer:
30,633 units
Explanation:
The number of equivalent units of production for conversion costs for the period using the FIFO method is shown below:
= Beginning work in process units × remaining percentage + units started and completed units × percentage of completion + ending work in process inventory units × percentage of completion
= 4,200 units × 24% + 28,900 units × 100% + 2,500 units × 29%
= 1,008 units + 28,900 units + 725 units
= 30,633 units
The units started and completed units are come from
= 33,100 units - 4,200 units
= 28,900 units
Answer: A bilateral contract. Option A.
Explanation: A bilateral contract is one in which both parties are bound by their promise to fulfill their side of the bargain.
Therefore by Jackson and Casey agreeing to meet to exchange book for money, they have formed a bilateral contract, because each of them has agreed to fulfill his end of the bargain.
Answer:
1. Notifies the materials manager to send materials to a production department--- material requisition
2. Holds indirect costs until assigned to production--- factory overhead account
3. Hold production costs until products are transferred from production to finished goods (or another department)--- goods in process inventory account
4. Standardizes partially completed units into equivalent completed units--- equivalent units of production
5. Holds costs of finished products until sold to customers--- finished goods inventory account
6. Describes the activity and output of a production department for a period--- process cost summary
7. Holds costs of materials until they are used in production or as factory overhead--- raw material inventory account
Explanation:
The complete question requires that we match the above to the options below
a. process cost summary
b. equivalent units of production
c. goods in process inventory account
d. raw material inventory account
e. material requisition
f. finished goods inventory account
g. factory overhead account
