Asteroid Industries accumulated the following cost information for the year: Direct materials$16,000 Indirect materials 4,000 Indirect labor 8,500 Factory depreciation 12,800 Direct labor 37,000 Using the above information, total factory overhead costs equal:
A. $25,300.
B. $12,800.
C. $53,000.
D. $16,800.
E. $78,300.
Answer: A
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Consider the portion of the sensitivity analysis report that follows. The allowable range of optimality for variable Kidney Beans is from ______ to ______.
A. 0.9; 1.5
B. 0.1; 0.5
C. 0.5; 0.167
D. 20; 40
Pittsburgh Company pays cash for all inventory purchases. The company had a beginning inventory of $18,500 and an ending inventory of $16,900. Their cost of goods sold amounted to $75,000. Based on this information, what was the amount of cash paid for inventory purchases?
A. $73,400 B. $75,000 C. $81,800 D. $76,600
A(n) ________ is a defined-contribution pension plan in which an employer contributes a set percentage of each vested employee's salary to his or her retirement account; annual investment earnings and losses are added to or subtracted from the account balance.
A. profit-sharing plan B. simplified employee pension C. employee stock-ownership plan D. money-purchase plan
In a two-factor ANOVA, there are 4 levels for factor A, 5 levels for factor B, and 3 observations for each combination of factor A and factor B levels. The number of treatments in this experiment equals:
a. 16 b. 20 c. 25 d. 60