Under a just-in-time costing system, the journal entry that is recorded when the goods are completed and moved to Finished Goods Inventory is ________
A)
Finished Goods Inventory
Raw and In-Process Inventory
B)
Finished Goods Inventory
Raw and In-Process Inventory
Conversion Costs
C)
Finished Goods Inventory
Conversion Costs
D)
Raw and In-Process Inventory
Conversion Costs
Finished Goods Inventory
B
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The idea of externalities is the basis of ________
A) dynamic pricing B) e-commerce C) freenomics D) reserve pricing E) price sensitivity
ABC Manufacturing has 6 machines that perform a particular task. Breakdowns occur frequently for this machine. Past records indicate that the number of breakdowns that occur each day is described by the following probability distribution:
Number of Breakdowns Probability 0 0.4 1 0.3 2 0.2 3 0.1 More than 3 0.0 (a) What is the expected number of breakdowns in any given day? (b) What is the variance for this distribution? (c) What is the probability that there will be at least 2 breakdowns in a day?