Measures of equivalent production are necessary in process costing because
a. job order costing procedures cannot be applied.
b. unit costs are computed by departments or processes at fixed time intervals.
c. perpetual inventories are not employed in process plants.
d. production methods are more complex than in job order costing systems.
B
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Minimum time, the time of the longest task when the tasks are running.
a. true b. false
An investor adopts a variable ratio policy of investing in both a high beta mutual fund and a money market fund. Money will be moved from the money market fund to the high beta fund
A) when the high beta fund's value has declined. B) when the high beta fund's value has increased. C) on the same date each year. D) whenever accumulated interest in the money market fund exceeds a specified dollar amount.