Which of the following statements describes an element of process costing systems? a. total conversion costs include direct labor and manufacturing overhead costs included in beginning inventory and added to production during the period. b. the total units accounted for equals the sum of equivalent units in ending work in process and equivalent units completed and transferred out. c. direct material costs are traced to individual units of production. d. costs are accumulated by job. e. for current period calculations, the percentage of completion for units in beginning work in process is used to calculate equivalent units under the weighted average method.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position

Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80