Question 26 (1 point) For the month of July, the manufacturing Company "X" had zero units in beginning inventory of any kind, and started 1,200 units of which... 700 good units were completed and shipped out; 100 units were in WIP at the end of the month. $100,000 was spent on materials during the month (all incurred at the beginning of the manufacturing process). "Normal spoilage" is budgeted at 30% of the completed & shipped out good units. Inspections occur at the end of the manufacturing process. For the month of July "abnormal spoilage" was 400 units 183 units 190 units 210 units Question 27 (1 point) True or False: "Normal spoilage" costs are recognized when the goods are sold. True False Question 28 (1 point) Both the United States and Canada have strict laws that prevent corporations from paying their senior executives bonuses during periods of poor corporate performance. True False Question 29 (1 point) One of the key underlying problems that prevent management compensation packages from being accurate/fair to all parties concerned is all of the listed answers are correct there can be an inherent conflict between short term performance and long term performance actions of senior management are not necessarily easily observable nor measurable external factors, out of control of management, may affect the organization either in a favourable or unfavourable manner Question 30 (1 point) Tax authorities prefer the following method in setting Transfer Prices due to its simplicity/verifiability. Cost-based Market-based Negotiated Institutional LU