During the month of February, a company purchased 260,000 pounds of raw material for $5 per pound and used 250,000 of these pounds in production. This raw material is applied at the beginning of the process. On February 1, the company had 10,000 units in work-in-process inventory that were 10% complete and valued at $25,000 for materials. At the end of the month, there were 40,000 units in work-in-process inventory that were 40% complete. Assuming FIFO is used, if the company transferred out 500,000 units to finished goods during February, the direct material cost per unit that should be used to value ending work-in-process inventory is:. A. $2.52
B. $2.50
C. $2.47
D. $2.36

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld