Lueckenhoff Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed:Number of units in the job40Total direct labor-hours80Direct materials$950Direct labor cost$2,720The total job cost for Job T498 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $3,670
B. $1,710
C. $3,480
D. $4,430
Answer: D
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Anchor Company purchased a manufacturing machine with a list price of $99,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and transportation costs amounted to $5000. Anchor paid $7200 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $9400 for the first year of operations. What is the cost of the machine?
A. $118,620 B. $102,020 C. $109,220 D. $97,020
The constitutional doctrine of separation of powers is concerned with the functions of the _________ , the_________, and the_________branches of government
Fill in the blank(s) with correct word
The American Law Institute's definition of strict liability has been revised in:
a. the Bill of Rights b. the Constitution c. the Second Amendment of the U.S. Constitution d. the Restatement (Third) of Torts e. none of the other choices are correct
Which of the following statements is/are true regarding the normal distribution?
a. It is always the appropriate distribution in simulation modeling. b. It does not permit negative values. c. There is a 95% chance that values will be within ± 2 standard deviations of the mean. d. All of these statements are true.