Custom Quilters makes decorative comforters, quilted garments, and other products in a small sewing factory. The company expects to make 2,000 comforters during the current year. With respect to the comforters, how would the hourly wages of sewing machine operators be classified?
A. Direct and fixed
B. Indirect and variable
C. Direct and variable
D. Indirect and fixed
Answer: C
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An example of event risk is:
A. inflation. B. a corporate takeover. C. a newspaper article about the economy. D. changing seasons. E. capital growth.
Which of the following is an example of massive kinked bonus?
a. A sponsor rewarding an athlete only in the case of victory at an event b. An organization that gives a one piece-rate wage for all units produced irrespective of employee productivity c. A sponsor rewarding an athlete for participation in an event d. An organization rewarding an employee for referring someone who is later hired
On September 1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next nine months at a rate of $2,400 per month. The client paid Capitol $21,600 on September 1. The maintenance services began on that date
Assuming Capitol records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on December 31? A) No entry is needed since revenue was recorded on September 1. B) Debit Service Revenue and credit Unearned Revenue for $12,000 C) Debit Service Revenue and credit Unearned Revenue for $9,600 D) Debit Unearned Revenue and credit Service Revenue for $9,600
Rock-TennRock-Tenn produces packaging products. They make cartons that will hold a dozen Dunkin' Donuts, waffle fries for Chik-fil-A, Gillette razors, Haagen -Daz ice cream, express mail envelopes for FedEx and much more. Rock-Tenn business fluctuates depending on consumer demand. As plastic products become more expensive companies turn to cardboard and paper to package their products.Refer to Rock-Tenn. A sales representative from a paper producing company calls on Rock-Tenn routinely every month to review their ordering needs. The monthly sale of paper to Rock-Tenn would constitute a:
A. new buy B. modified rebuy C. straight rebuy D. modified new buy E. straight new buy