The employee who is responsible for preparing purchase requisitions is most likely the:
a. Storeroom keeper.
b. Purchasing agent.
c. Production supervisor.
d. Receiving clerk.
a
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Freight-in is considered a cost of purchasing inventory
Indicate whether the statement is true or false
Diehl Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity-based costing system:Costs:Manufacturing overhead$480,000Selling and administrative expenses 100,000Total 580,000Distribution of resource consumption:Activity Cost Pools?Order SizeCustomer SupportOtherTotalManufacturing overhead5%85%10%100%Selling and administrative expenses60%20%20%100%The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs.You have been asked to complete the first-stage allocation of costs to the activity cost pools.How much cost, in total, should NOT be allocated to orders and products in the second stage of the allocation process if the
activity-based costing system is used for internal decision-making? A. $68,000 B. $58,000 C. $0 D. $116,000
The entry to record bank credit card sales of $2,000 plus tax of $100 and bank credit card expenses on sales of $100 would include all of the following except:
a. sales credit. b. accounts payable debit. c. sales tax payable credit. d. bank credit card expense debit.
What is cybersquatting? Can trademark owners recover domain names registered in bad faith?
What will be an ideal response?