Which of the following is included in the costs transferred out of the second process of a three-step production process?
A. Costs incurred in the current process
B. Costs incurred in the previous process
C. Costs of the previous process combined with costs of the current process
D. Costs of the current process combined with costs of the next process
C
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During the past year the growth corporation increased its sales from $1,000,000 to $2,000,000 and its
EBIT from $250,000 to $400,000. The result of this growth will be A) a higher operating profit margin and higher net income. B) a lower operating profit margin and higher net income. C) a lower operating profit margin and lower net income. D) a higher P/E ratio.
MIS typically produce
A) new ways of looking at data that emphasize change, flexibility, and rapid response. B) fixed, regularly scheduled reports based on data extracted from the organization's TPS. C) solutions to semistructured problems appropriate for middle management decision making. D) assumptions, responses to ad-hoc queries, and graphic representations of existing data. E) scorecards of overall firm performance along predefined key indicators.