When systems are automatically generated and maintained, quality is diminished
Indicate whether the statement is true or false
FALSE
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Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded model. The following activity and costs have been gathered:ProductNumber ofComponentsNumber ofSetupsNumber ofDirect Labor HrsBase 15 20 700 Loaded 25 40 600 Overhead costs$27,000 $22,500 The number of components and number of setups are chosen as activity-cost drivers for overhead. Assuming an ABC costing system is being used, what is the total overhead cost assigned to the Base model?
A. $15,450. B. $17,625. C. $21,375. D. $13,500. E. $15,625.
On January 1, Year 2 Grande Company had a $11,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $58,000 of service on account. The company collected $54,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account.What is the amount of uncollectible accounts expense recognized on the Year 2 income statement?
A. $220 B. $1160 C. $1090 D. $2000
For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer
The bookkeeper opens the mail, makes the deposit, and makes the journal entries to record receipt of the cash and checks. What will be an ideal response
In a typical, properly designed star schema, the number of records (rows) in any of the dimension tables is:
A) Larger than in the fact table B) Same as in the fact table C) Smaller than in the fact table D) No typical rule—there is an even number of dimension tables with larger, smaller and same number of records as in the fact table