External link to Question : 81. Deltan Corp. allocates overhead to production the basis of direct : 1225457

Question : 81. Deltan Corp. allocates overhead to production the basis of direct : 1225457

  81. Deltan Corp. allocates overhead to production on the basis of direct labor costs. Deltan’s total estimated overhead is $450,000 and estimated direct labor is $180,000. Determine the amount of overhead to be allocated to finished goods inventory if there is $20,000 of total direct labor cost in the jobs in the finished goods inventory.  A. $8,000. B. $20,000. C. $70,000. D. $50,000. E. $90,000. 82. Austin Company uses a job […]

External link to Question : Multiple Choice Questions 31. Which of the following statements not correct? A. The use : 1197600

Question : Multiple Choice Questions 31. Which of the following statements not correct? A. The use : 1197600

  Multiple Choice Questions   31. Which of the following statements is not correct?  A. The use of the direct charge-off method of recording losses from uncollectible accounts usually results in the balance in the Accounts Receivable account being overstated. B. The direct charge-off method of recording losses from uncollectible accounts is the method required by Federal income tax laws. C. The direct charge-off method of recording losses from […]

External link to Question : 16) Partial productivity multiplied by the quantity of input used : 1186017

Question : 16) Partial productivity multiplied by the quantity of input used : 1186017

  16) Partial productivity multiplied by the quantity of input used results in A) expected production. B) budgeted output. C) quantity of output produced. D) a ratio. E) productivity. 17) ________ measures the relationship between actual inputs used and actual outputs achieved. A) Total factor productivity B) Partial productivity C) Productivity D) Product yield variance E) Labour yield   18) The ratio of the quantity […]

External link to Question : 61. In the accounting records of a defendant, lawsuits: A. Are estimated liabilities. B. Should : 1225226

Question : 61. In the accounting records of a defendant, lawsuits: A. Are estimated liabilities. B. Should : 1225226

  61. In the accounting records of a defendant, lawsuits:  A. Are estimated liabilities. B. Should always be recorded. C. Should always be disclosed. D. Should be recorded if payment for damages is probable and the amount can be reasonably estimated. E. Should never be recorded. 62. Uncertainties such as natural disasters:  A. Are not contingent liabilities because they are future events not arising from past transactions or events. B. Are contingent liabilities because […]

External link to Question : 121. The following information pertains to Carlton Company. Assume that all : 1239376

Question : 121. The following information pertains to Carlton Company. Assume that all : 1239376

    121. The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures.  Assume that all sales were on credit.                                                              Assets                                                   Cash and short-term investments   $  40,000 Accounts receivable (net)   25,000 Inventory   20,000 Property, plant and equipment     210,000   Total assets $295,000                                           Liabilities and Stockholders’ Equity                              […]

External link to Question : 3) Which of the following true of long-run pricing? A) It : 1211818

Question : 3) Which of the following true of long-run pricing? A) It : 1211818

  3) Which of the following is true of long-run pricing? A) It is fixed at a level that recovers the variable cost of the company and a pre-determined profit markup. B) It is generally a function of the market factors and the cost involved in production is generally not a consideration. C) It is a strategic decision designed to build long-run relationships with customers […]

External link to Question : Creston Ltd. purchased a piece of equipment for $100,000 (list : 1186201

Question : Creston Ltd. purchased a piece of equipment for $100,000 (list : 1186201

  Creston Ltd. purchased a piece of equipment for $100,000 (list price). The equipment was added to the $350,000 of opening UCC for Class 8 (20%), and the company traded-in old class 8 equipment, paying $80,000 difference. The company uses straight-line depreciation, estimates a 20 year useful life but no salvage value for the new equipment. The tax rate is 35%, and Creston has a […]

External link to Question : 5) Variable manufacturing overhead costs were ________ for actual output. A) : 1217269

Question : 5) Variable manufacturing overhead costs were ________ for actual output. A) : 1217269

  5) Variable manufacturing overhead costs were ________ for actual output. A) higher than expected B) the same as expected C) lower than expected D) indeterminable Answer the following questions using the information below:   Christine Corporation manufactures baseball uniforms and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company’s manufacturing overhead data:   Budgeted output units10,000 units Budgeted […]

External link to Question : 118. On the basis of the above information alone, what Global : 1229424

Question : 118. On the basis of the above information alone, what Global : 1229424

    118. On the basis of the above information alone, what is Global Data’s net cash flow from financing activities?  A. $147,000 net cash used for financing activities. B. $145,500 net cash used for financing activities. C. $206,100 net cash used for financing activities. D. $500,100 net cash used for financing activities.     119. If Global Data’s income statement for 2009 reports interest expense of $25,200, then:  A. Interest payable […]

External link to Question : 61.Which of the following true about offshoring? A. The smaller and newer : 1243224

Question : 61.Which of the following true about offshoring? A. The smaller and newer : 1243224

    61.Which of the following is true about offshoring?    A. The smaller and newer a vendor, the better it is for the company to conduct business.   B. Small overseas upstarts do not take risks that larger, more established contractors take.   C. Any work that is proprietary and requires tight security should be offshored.   D. A company should avoid outsourcing work that is self-contained and does […]

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