Reference: 04-04
the Activity in Nolan Company's Blending Department for the Month

question 68

Multiple Choice

Reference: 04-04
The activity in Nolan Company's Blending Department for the month of April is given below:
$$\begin{array} { | c | l | l | } \hline & \begin{array} { l } \text { Number of } \\\text { Units }\end{array} & \begin{array} { l } \text { Labowr and Overhead } \\\text { (Percentage Complete) }\end{array} \\\hline \text { Work in process } & & \\\hline \text { inventory, April 1 } & 8,000 & 50 \% \\\hline \text { Started into process } & & \\\hline \text { during the month } & 50,000 & \\\hline \text { Work in process } & & \\\hline \text { inventory, April } 30 & 10,000 & 70 \% \\\hline\end{array}$$ All materials are added at the beginning of processing in the Blending Department.
-The equivalent units of production for material for the month, using the weighted-average method, are?

• A)58,000 units.
• B)48,000 units.
• C)50,000 units.
• D)52,000 units.

Understand the impact of depreciation and interest expense on a firm's financial statements.

Calculate stockholders' equity from given financial data.

Understand how to calculate operating cash flow.

Understand the concept of Capital Cost Allowance (CCA) and its application to asset depreciation.

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Definitions:

Stationary Bike

A piece of exercise equipment that resembles a bicycle, used for indoor cycling workouts.

Weight Lifting

A form of strength training using the lifting of weights as resistance to build muscle and increase physical power.

Kilocalories

A measurement unit for energy, commonly used to represent the energy content in food; equivalent to 1,000 calories.

Vigorous Physical Activity

Repetitive activities using large muscle groups at 70 percent or more of maximum heart rate. On a scale relative to an individual’s personal capacity, vigorous physical activity is usually a 7 or 8 on a scale of 0 to 10.