Option - TRUE.
Equivalent units will not exceed the total Units. Equivalent Units will always be equal to the total units, but the percentage of completion of cost of material, labor and Overhead will bring the equivalent Units to the total units.
If you have any doubts please comment on the answer.
Equivalent units may never exceed total units. True or False?
The number of units transferred out may not exceed the number of units started this period. True or False
For each statement select True or False. True False A static body has energy but no kinetic energy. True False The lengths along the direction of motion of moving objects are shorter than when they are at rest. True False Relativistic effects are especially important when speeds are close to the speed of light. True False The mass of an atom does not change when it emits light. True False A moving clock runs slowly True False The total kinetic energy of a body is limited,...
One way to think about equivalent units is that they represent the total number of whole units that will result from the combination of partial units (along with complete units). True False
True or False: We will operate if marginal costs exceed marginal benefits.
true or false 10. The individual alternative minimum tax liability may not exceed the regular tax liability of the taxpayer. 11. When taxpayers overpay FICA taxes, the excess taxes may be claimed as a credit against tax lia bility 12. Gambling winnings must be reported to the IRS using form 1099 13. Dividend income is not subject to the self-employment tax 14. The FUTA tax is a voluntary unemployment tax which an employer may or may not wish to contribute...
QUESTION 29 The equivalent units of production for transferred in units are always 100% (e) True False
Goodwill is amortized over a useful life not to exceed 40 years. True False
1. The overall benefits of administrative regulations often exceed their costs. True or False?
True or False: if false correct the statement The CO2 removed from the atmosphere never returns back to the atmosphere.