Sweet Tooth Inc., a leading chocolatier, can produce 100 lbs of chocolate powder from 1000 lbs of cocoa beans in 10 hours of processing. Not satisfied with this output, the company is contemplating switching to a more automated process that would yield 200 lbs of chocolate powder per 1800 lbs of cocoa beans and take 15 hours to process. The cost of processing is $25 per hour. Cocoa beans cost $6.80 per lb. Calculate: a. The labor productivity of the current process b. The labor productivity of the proposed process c. The multifactor productivity of the current process d. The multifactor productivity of the proposed process e. Should Sweet Tooth Inc. continue with the existing process or switch to the new process

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.