Which of the following is not expected to result from bank consolidation in the U.S.?

A) The disappearance of small community banks.
B) The acceleration of the decline in the number of banks.
C) Banks will be more efficient.
D) Banks will be less likely to fail.

A

Business

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The weighted-average cost is the total of all costs entering the Work-in-Process account (whether they are from beginning work-in-process or from work started during the current period) divided by total equivalent units of work done to date

Indicate whether this statement is true or false.

Business

Ben's Climbing Gear, Inc has direct material costs as follows: Actual units of direct materials used 20,000 Standard price per unit of direct materials $2.50 Materials quantity variance--favorable $5,000 What was Ben's standard quantity of material allowed?

a. 18,000 b. 24,000 c. 20,000 d. 22,000

Business