Harrison's limited uses a backflush system and lean process costing (as described in the textbook). at the beginning of may, the firm has $0 in all inventory accounts. actual and budgeted costs are the same. the firm has no direct labor or overhead costs. on may 5, harrison limited purchases 100 units of raw materials for $5,000. it uses 95 units of these raw materials, leaving $250 of raw materials in the warehouse at the end of may. the total number of units completed and in process is 300, and 10 of those units are still in process. if you searched for the rip account balance on may 15 and then again on june 15, what would the searches show

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Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.