A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier are $9 per square foot, net of purchase discount. Freight-in amounts to $0.30 per square foot. Basic wages of the assembly line personnel are $19 per hour. Payroll taxes are approximately 23% of wages. How much is the direct labor cost standard per hour? (Round your answer to the nearest cent.)
A) $4.37
B) $19.00
C) $23.37
D) $32.37
C) $23.37
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Qiara steals a check from Reese, forges his signature, and transfers the check to Salon Beauteous, a beauty and barber salon,for value. Unaware that the signature is not Reese's, Salon Beauteous presents the check to Town & Country Bank, the drawee,
which cashes the check. Reese discovers the forgery and insists that his bank recredit his account. Can the bank refuse? If not, from whom can the bank recover?
A(n)_____is a network of organizations and activities needed to obtain materials and other resources, produce final products, and get those products to their final users.
A. vendor-managed inventory B. supply chain C. organizational trail D. business triage
Porter Corporation makes and sells a single product called a Yute. The company is in the process of preparing its Selling and Administrative Expense Budget for the last quarter of the year. The following budget data are available: Variable CostPer Yute SoldMonthly FixedCostSales commissions$5.90 Shipping$5.30 Advertising$8.90$32,000 Executive salaries $178,000 Depreciation on office equipment $7,000 Other$0.60$20,000 All of these expenses (except depreciation) are paid in cash in the month they are incurred.If the company has budgeted to sell 12,000 Yutes in December, then the budgeted total cash disbursements for selling and administrative expenses for December would be: (Round your intermediate calculations to 2 decimal places.)
A. $485,400 B. $478,400 C. $248,400 D. $237,000
Collision insurance pays for damage to your automobile regardless of who is at fault
Indicate whether the statement is true or false