A share of stock:
a. may be redeemed by the owner for other company assets b. must be guaranteed a minimum rate of return by the issuer c. may be redeemed for purchase price
d. all of the other specific choices e. none of the other choices
e
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Which of these is an example of a demonstrative presentation topic?
a. concept of body art b. finding a summer job c. a recent family vacation d. evolving family dynamics
Commas should be avoided after infinitive phrases, participial phrases, and prepositional phrases
Indicate whether the statement is true or false
Pangle Corporation has two production departments, Forming and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:??FormingCustomizing?Machine-hours16,00012,000?Direct labor-hours4,0009,000?Total fixed manufacturing overhead cost$91,200$99,000?Variable manufacturing overhead per machine-hour$2.10??Variable manufacturing overhead per direct labor-hour?$3.10During the current month the company started and finished Job M109. The following data
were recorded for this job:?Job M109:FormingCustomizing?Machine-hours5030?Direct labor-hours2050?Direct materials$915$355?Direct labor cost$620$1,550Required:Calculate the total job cost for Job M109. What will be an ideal response?
Sipho Corporation manufactures a single product. Last year, the company's variable costing net operating income was $90,900. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $21,900. What was the absorption costing net operating income last year?
A. $69,000 B. $112,800 C. $90,900 D. $21,900