If the cost of employee wages is not a significant portion of the total product cost, the wages are classified as direct materials cost
Indicate whether the statement is true or false
False
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Notes, bonds, leases and derivatives are _____
a. present values of future cash flows b. financial instruments c. collateralized debt obligations d. unsecured debt obligations e. investment trusts
Refer to the data given in the table for Acme Widgets, Inc. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints—except the non-negativity constraints of the decision variables—should be set as an equal to (=) sign in the Excel Solver dialogue.) At the optimum solution, the total shipment of widgets from Bryan to Dayton is ______.
a. 2,000
b. 3,500
c. 4,500
d. 3,000
An interesting fact about commerce in America is that we tend to see very few differences in the age of accounts receivable across industries
Indicate whether the statement is true or false
Angler Corporation has provided the following data concerning its direct labor costs for November: Standard wage rate$14.70per DLHStandard hours 2.4DLHs per unitActual wage rate$14.80per DLHActual hours 5,990DLHsActual output 2,600unitsRequired:Prepare the journal entry to record the incurrence of direct labor costs.
What will be an ideal response?