Stocks that carry certain specified preferences, or first claims, are called
a. common stock.
b. treasury stock.
c. preferred stock.
d. participating stock.
c
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Consider the following key performance indicators, and classify each indicator according to the balanced scorecard perspective it addresses. Choose from:
1 - financial perspective 2 - customer perspective 3 - internal business perspective 4 - learning and growth perspective a. Customer retention b. Employee satisfaction ratings c. New product development time d. Cash flow from operations e. Percentage of compensation based on performance f. Earnings growth g. Average machine set-up time h. Employee promotion rate i. Residual income j. Percentage of orders filled each week
Total manufacturing costs and the change in the Work in Process Inventory are used to compute the cost of goods sold
Indicate whether the statement is true or false
Widgeon Co manufactures three products: Bales; Tales; and Wales. The selling prices are: $55; $78; and $32, respectively. The variable costs for each product are: $20; $50; and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 7 hours to process, Tales take 4 hours, and Wales take 1 hour. Assuming that Widgeon
produced enough product with the highest contribution margin per unit to use 1,000 hours of machine time. Product demand does not warrant any more production of that product. What is the maximum additional contribution margin that can be realized by utilizing the remaining 1,000 hours on the product with the second highest contribution margin per hour? A) $5,000 B) $7,000 C) $4,000 D) $28,000
A company has an overhead application rate of 123% of direct labor costs. How much overhead would be allocated to a job if it required direct labor costing $25,000?
A. $307,500. B. $25,000. C. $30,750. D. $15,375. E. $20,325.