Equivalent units are usually computed for:
A. Only direct materials.
B. Only direct labor.
C. Only factory overhead.
D. Direct materials, direct labor, and factory overhead costs.
D
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Which one of the following statements is NOT a typical assumption related to developing learning curves?
A) The total direct labor hours needed to produce the first 100 units will be double the amount of hours needed to build the first 50 units. B) The direct labor needed per unit will decrease at a declining rate as cumulative production increases. C) The direct labor hours per unit will decrease according to an exponential curve as cumulative production increases. D) The direct labor needed to produce the 50th unit will always be more than the direct labor needed to produce the 51st unit.
All of the following are potential benefits of stock repurchases EXCEPT
A) a favorable impact on earnings per share. B) a means for providing an internal investment opportunity. C) an approach for maintaining the existing capital structure while still making a distribution to shareholders. D) the elimination of a minority ownership group of stockholders.