Answer:
False
Explanation:
The formula for equivalent units units as follows:
Opening Work in Process + Equivalent units on which the work is done - Closing Work in process = Units Transferred
Therefore, ideally,
Opening work in process - Closing work in process = Units transferred - Equivalent units on which work is done.
As adding all the cost incurred during the period to opening inventory of work in process, we get the total cost for the period, thereafter, deducting the cost allocated to closing work in process we get the value of goods produced and transferred.
<u>Therefore, above statement is false.</u>
Answer:
Overhead application rate
= <u>Budgeted overhead</u>
Budgeted machine hours
= <u>$900,000</u>
30,000 hours
= $30 per machine hour
Overhead cost assigned to the product
= Overhead application rate x Actual machine hours
= $30 x 12,000 hours
= $360,000
Explanation:
In this case, there is need to determine the overhead application rate, which is the ratio of budgeted overhead to budgeted machine hours.
Then, we will obtain the overhead cost assigned to the product by multiplying the overhead application rate by actual machine hours.
Answer:
Cheap
Explanation:
If Mary is selling one product at a lower promotional price then the buyer will think the other products are being sold at a lower price too right?
I may be wrong.......
Answer: The options available to Will include; the Keogh plan, the SIMPLE IRA and the ROTH plan.
Explanation: The Keogh plan is a tax- deferred benefit plan available to self employed individuals or unincorporations.
A Savings Incentive Match Plan for Employees Individual Retirement Account, "SIMPLE IRA" is a tax-deferred retirement plan provided by the employer that allows employees to set aside money and invest it to grow for retirement.
A Roth IRA is an individual retirement account that is generally not taxed upon distribution, provided certain conditions are met.
Risk that are caused by the response to the another risk is known as secondary risk. The first option is correct.
<h3>What are risk?</h3>
Risk refers to the possibility of the danger or harm. For example there is risk involved to change the career. The risk taken can lead to any outcome it can be positive or negative.
There are various kinds of risk one of those kind is the secondary risk in which the risk is taken as a result of the previous actions taken to deal with the situation.
Thus the correct option is Secondary risk.
Learn more about residual risk here:
brainly.com/question/6041526
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