Question: The high-low method is often employed in separating a. variable costs. b. mixed costs. c. fixed costs. d. conversion costs. The proceeds from the issuance

The high-low method is often employed in separating a. variable costs. b. mixed costs. c. fixed costs. d. conversion costs. The proceeds from the issuance of common stock would be reported in the following section of the statement of cash flows: a. noncash investing and financing activities b. operating activities c. investing activities d. financing activities The following data are from a company using a process costing system: Beginning Goods in Process (WIP) Inventory on May 1: 950 units 100% complete for direct materials 60% complete for direct labor & factory overhead Units completed and transferred to finished goods during May: 7, 700 units Ending Goods in Process (WIP) Inventory on May 31: 600 units 100% complete for direct materials 30% complete for direct labor & factory overhead The company uses the weighted-average method. Equivalent units of production for direct labor and factory overhead during the month totaled: a. 8, 820. b. 9, 010. c. 8, 450. d. 7, 880

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