Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company

in 2010 (no assets were disposed of during the year, and there was no change in interest payable or
taxes payable).

A) $4,000 B) $2,000 C) $3,500 D) $2,500

B

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it-yourselfer commented to his jealous (and skeptical) neighbor. The only reply he received was his neighbor's, "Good luck with all that, I remember reading somewhere that: A) Project scope is fixed once the planning period is completed." B) Normal conditions are rarely encountered." C) There are no truly external factors in project execution." D) Activity based costing shouldn't be used in a project of this scale."

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Bright Colors Company placed 315,000 gallons of direct materials into the mixing process

All direct materials are placed in mixing at the beginning of the process and conversion costs occur evenly during the process. Bright Colors uses weighted-average costing. The initial forecast for the end of the month was to have 75,000 gallons still in process, 15% converted as to labor and factory overhead. Required: a. Determine the total equivalent units (in process and transferred out) for direct materials and for conversion costs, assuming there was no beginning inventory. b. With the installation of a new paint processing filtration device, the forecast for the end of the month was to have 50,000 gallons still in process, 70% converted as to labor and factory overhead. In this event, determine the equivalent units (in process and transferred out) for direct materials and for conversion costs, assuming there was no beginning inventory.

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