Elite inc. has two divisions. one division, beta, makes boxes. a second division, lambda, makes chocolates and needs 90,000 boxes per year. beta incurs the following costs for one box:
col1 direct materials = $0.40
col2 direct labor = $0.70
col3 variable overhead = $0.50
col4 fixed overhead = $0.16
beta has the capacity to produce 720,000 and currently has no excess capacity. lambda currently buys boxes from an external supplier at the market price of $2.00, which is the same price beta receives. if beta and lambda can negotiate transfer prices and agree to internal transfer, then what will be the floor of the bargaining range and which division will set it?
a.$1.35; lambda
b.$2.00; beta
c.$1.80; lambda
d.$1.48; lambda
e.$1.35; beta

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.

Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. which statement accurately supports her argument? people would pay less in interest fees. people would have greater protection in case of emergencies. people would need to save for many years to buy a home or open a business. people would support the economy through purchases of more goods and services.