Which of the following questions does not involve any link between your financial plan and your values?

Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department fol

8_murik_8 [283]

Explanation:

Equivalent units

Materials Labor Overhead

Work in process inventory, 23,100.00 34,650.00 34,650.00

beginning

Units started and completed 6,73,000.00 6,73,000.00 6,73,000.00

Work in process inventory, 28,000.00 14,000.00 14,000.00

ending

Equivalent units 7,24,100.00 7,21,650.00 7,21,650.00

First department cost per unit for first department

Materials Labor Overhead Total

Current costs 11,94,765.00 2,88,660.00 5,05,155.00 19,88,580.00

Equivalent units 7,24,100.00 7,21,650.00 7,21,650.00

Cost per Equivalent unit 1.65 0.40 0.70 2.75

The equivalent units for materials,labor and overhead are as follows:

Equivalent units

Materials 724,000

Labor 721,650

Overhead 721,650

In addition,the cost per unit for equivalent units are as follows:

Materials 1.65

Labor 0.40

Overhead 0.70

Total 2.75

7 0

3 years ago

Suppose social security contributions rise by $1 billion while social security benefits also rise by $1 billion. Further, per

Nadya [2.5K]

Answer:

The answer will be A

Explanation:

As the social security contributions and benefits remain the same in proportion, personal and national income will remain the same.

As disposable income is defined as personal income-personal taxes, and the personal income taxes fall by 500 million (included in the contibutions), this would mean that the disposable income increases.

8 0

3 years ago

Abarrier along the open sides of stairways and platforms that prevent falling is

kotykmax [81]

Stair rails is a barrier along the open sides of stairways and platforms that prevent falling is

4 0

3 years ago

Which of the following does not allow a company to exclude a short term obligation from current liabilities? Group of answer cho

Neporo4naja [7]

Answer: Actually refinance the obligation.

Management indicated that they are going to refinance the obligation.

Have a contractual right to defer settlement of the liability for at least one year after the balance sheet date.

The liability is contractually due more than one year after the balance sheet date.

Explanation:

A current liability is an obligation payable within a year. A short term liability can be excluded from current abilities if management indicates that they are going to refinance it and show that they are capable of doing so.

Also if the company has a contractual right to defer settlement of the liability for at least one year after the balance sheet date, the short term obligation can be excluded. The deferment means that it will be recognized in another period.

When the liability is contractually due more than one year after the balance sheet date, it stops being a current liability and becomes a non-current liability payable after a year.

3 0

3 years ago

Which of the following is true? When companies employ push-down accounting:A) the subsidiary revalues assets and liabilities to

kondor19780726 [428]

Answer: The correct answer is A) The subsidiary revalues assets and liabilities to their fair values as of the acquisition date.

Explanation: Push down accounting is used when a company buys another company. This type of accounting revalues the assets and liabilities of the acquired company at a fair value on the date of acquisition.

4 0

3 years ago