Mumbai Travel Services provided the following information:
Direct labor rate: $40 per hour
Predetermined allocation rate for indirect costs: $22 per direct labor hour
If Mumbai Travel records revenue of $350 for a job requiring 5 hours of direct labor, then Mumbai Travel will make a profit of $40.
TRUE
You might also like to view...
Beans 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 $162,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was completed with the following characteristics:Number of units in the job10Total direct labor-hours50Direct materials$920Direct labor cost$1,400The total job cost for Job K818 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $2,320 B. $2,595 C. $1,195 D. $1,675
Which of the following could result from the use of euphemisms?
A) Euphemisms often convey disrespect or rudeness. B) Negative news is conveyed in a negative way. C) There is a risk that the truth might be obscured. D) Euphemisms can trigger negative connotations. E) Euphemisms usually offend the listener.
In the 1970s and 1980s, companies were obligated to consider the rights of minorities and consumers, a task that they willingly volunteered to do
Indicate whether the statement is true or false
Which of the following is a prerequisite to being able to initiate the involuntary bankruptcy process?
A) A creditor must be owed a debt of $1000 B) A creditor must be owed a debt of $5000 C) A creditor must be owed a debt of $10,000 D) A creditor must be owed a debt of $2000 E) A creditor must be owed a debt of $500