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Leno4ka [110]
3 years ago
9

Which of the following is true? Multiple Choice

Business
1 answer:
spin [16.1K]3 years ago
7 0

Answer:

The answer is: D) Licenses for functional intellectual property can be viewed as conveying a right of use.

Explanation:

Functional Intellectual Property (IP) is different from other IP since it must possess a standalone functionality. This means it must be able to perform a task, process a transaction, etc.

Because functional IP possess a standalone functionality, licensing agreements provide the customer immediate use of the functional IP. Therefore, revenue from licensing functional IP is recognized at the time the license is given.

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Why is Feeney called a hero/saint?
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Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme
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Answer:

Inacio Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to:

= $14.50

Explanation:

a) Data and Calculations:

                                                        Units    Materials    Conversion

Beginning work in process           2,300     $14,400      $6,500

Percentage of completion                              75%           20%

Units started during the month   11,000

Total units available                     13,300

Units transferred to the next       9,900      100%         100%

Ending work in process               3,400        90%          30%

Costs added during the month               $173,500    $243,500

Equivalent units of production:

                                                          Units    Materials        Conversion

Units transferred to the next       9,900      9,900 (100%)   9,900 (100%)

Ending work in process               3,400       3,060 (90%)     1,020 (30%)

Equivalent units of production                   12,960             10,920

Costs of production:                   Materials  Conversion

Beginning work in process           $14,400      $6,500

Costs added during the month    173,500    243,500

Total costs of production           $187,900  $250,000

Cost per equivalent unit:             Materials  Conversion

Total costs of production            $187,900  $250,000

Equivalent units of production       12,960        10,920

Cost per equivalent unit               $14.50       $22.89

7 0
3 years ago
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