Moderna Co. mass produces a single product and uses process costing. In January 2021, Moderna had 100,000 units in beginning inventory (these units were 100% complete in terms of Direct Materials, DM, and 30% complete in terms of Conversion Costs, CC). During January, Moderna started another 600,000 units. At the end of January, Moderna had 80,000 units in process (these units were 100% complete in terms of DM and 75% complete for CC) but had 380,000 good units completed. Moderna adds all DM at the start of the production process and inspects the units when they are 80% complete for CC. How many units were spoiled in January

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58

How do communism and socialism differ in terms of the role that government plays in the economy ?