Answer:
e. A, 6,000; B, 6,000.
Explanation:
At the beginning of the process Materials A are added. Therefore it won't matter if the process is 80% or less/more is complete, the materials A have already been added and would be equivalent to the ending work-in-process inventory i.e. 6,000 units.
Materials B are added when the units are 75% complete. Since the ending work-in-process are 80% complete, then this means that the Materials B equivalent to 6,000 units have already been added to the ending inventory.
Hence, both materials A and B have been added to the ending work-in-process inventory for 6,000 units. Therefore, option E is correct.
Answer:
the time rate system
Explanation:
The wage payment system is divided into three major types:
- Time rate: employees are paid on the basis of time, e.g. per hour, day or week. This payment system doesn't consider any type productivity factors. The main advantage of using this payment system is its simplicity: e.g. amount of hour worked x wage per hour = total salary.
- Piece rate: employees are paid on the basis of quantity and quality of work performed (productivity).
- Incentive wage: combination of the two prior systems, where employees are paid a fixed time rate plus a bonus or incentive pay depending on productivity.
The introduction is the correct part of the cover letter
