Which of the following statements is FALSE? Executive compensation for large public corporations

A) is set by the directors of the corporation
B) is usually only very large if the corporation has been very profitable
C) is disclosed to the public
D) often includes salary, stock options and bonuses
E) is often excessively out of proportion to the income of the average worker in their company

B

Business

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The Refining Department of Ingber Sugar, Inc had 56,000 tons of sugar to account for in December

Of the 56,000 tons, 40,000 tons were completed and transferred to the Boiling Department, and the remaining 16,000 tons were 60% complete. The materials required for production are added at the beginning of the process. Conversion costs are added equally throughout the refining process. Calculate the total equivalent units of production for conversion costs. A) 9,600 units B) 40,000 units C) 49,600 units D) 56,000 units

Business

Which of the following would be classified as a prime cost?

A) cost of direct materials used B) depreciation on factory equipment C) salary of sales personnel D) depreciation on office furniture

Business