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makvit [3.9K]
4 years ago
7

If a department that uses process costing starts the reporting period with 100,000 physical units that were 20% complete with re

spect to direct labor, the equivalent units of direct labor in beginning Work in Process are 20,000.True / False.
Business
1 answer:
TiliK225 [7]4 years ago
7 0

Answer:

The answer is true

Explanation:

A work-in-progress (WIP) is the cost of unfinished goods in the manufacturing process including labor, raw materials, and overhead.

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If you draw a card with a value of three or less from a standard deck of cards, I will pay you $146. If not, you pay me $24. (Ac
Rainbow [258]

Answer: Expected value = $2.034

Explanation:

Total outcome = 52

Favorable Outcome = 8

Probability of drawing a card with a value of three or less = \frac{Favorable\ outcome}{Total\ outcome}

= \frac{8}{52}

=  \frac{2}{13}

Probability of drawing a card with a value of more than three = 1 -  \frac{2}{13}

=  \frac{11}{13}

Hence,

Expected value = 146 \times \frac{2}{13} + (-24) \times \frac{11}{13}

= 22.338 - 20.304

= $2.034

7 0
3 years ago
The pattern of faulty and biased decision making that happens in groups whose members strive for agreement at the expense of goo
True [87]

Answer:

"Groupthink " would be the right answer.

Explanation:

  • Group-thinking seems to be a tendency that happens whenever a segment of the population achieves agreements without rational thought or consideration of the implications or replacements.
  • The tendency generates tension within the same group the seeks to suppress imagination but innovation to avoid confrontation.
8 0
3 years ago
What 3 sources that offer specialized information on records management
Arada [10]

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The three sources that offer specialized information on records management are accounting records, legal records, and personal records.

Keeping records in management is a very important activity that can prevent many hardships and sufferings.

When a manager keeps records correctly, it knows what to look for, where, why, and as soon as possible. Information is a key resource in companies, so knowing where to find it is of the utmost importance.

Legal records and accounting records are the foundation of corporations. Personal records help us to better control our personal information when needed or helps the Human Resources department to properly manage our information as employees.

4 0
3 years ago
If a country's money supply is $10 million, and there is only one bank where all of the people deposit their money. If the bank
Luden [163]

Answer:

The money multiplier of the economy is 20

Explanation:

Money multiplier is the term of economics which is defined as the maximum amount, the money supply could rise grounded on the increase in the reserve in the system of banking.

The formula used for computing the money multiplier is as:

Money Multiplier = 1 / r

where

r is the reserve ratio that is 5%

So, putting the same value above:

Money Multiplier = 1 / 5%

Money Multiplier = 20

7 0
3 years ago
The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor ho
White raven [17]

Answer:

The variance is: $ 0.50 per direct labor hour.

Explanation:

Actual payroll = $117,000/6000h = $19.50 per hour

So, if we compare this value with the standard rate of pay ($20 per direct labor hour) The variance is: $20.00 - $ 19.50 = $0.50 per hour

5 0
3 years ago
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