Remington inc. is contemplating the use of process costing to track the costs of its operations. the operation consists of three segments (departments): receiving, shipping, and delivery. containers are received at remington’s docks and sorted according to the ship they will be carried on. the containers are loaded onto a ship, which carries them to the appropriate port of destination. the containers are then off-loaded and delivered to the receiving department. remington wants to begin using process costing in the shipping department. direct materials represent the fuel costs to run the ship, and “containers in transit” represents work in process. listed below is information about the shipping department’s first month’s activity. calculate the equivalent units for direct materials and conversion costs.
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Business, 21.06.2019 22:00, savannahvargas512
Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought the stock in the target corporation. the takeover occurred and the friend made a substantial profit from buying and selling the stock. the friend told sharon about his stock dealings, and gave her a pearl necklace because she "made it all possible." the necklace was worth $10,000, but she already owned more jewelry than she desired.
Answers: 2
Business, 22.06.2019 19:20, kristen17diaz
Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.
Answers: 1
Remington inc. is contemplating the use of process costing to track the costs of its operations. the...
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