Sparks Company produces and distributes two types of garden sculptures, Plain and Fancy. Budgeted cost and activity for each of its three activity cost pools are shown below. The company plans to produce and sell 64,000 plain units and 49,150 fancy units. ??Budgeted ActivityActivity Cost PoolBudgeted CostPlainFancyPackaging $360,00070,000 finished units130,000 finished unitsMaterial handling$262,500140,000 total parts210,000 total partsProduction setups$125,0005 total setups20 total setupsa. Compute the approximate overhead cost per unit of Plain under activity-based costing.b. Compute the approximate overhead cost per unit of Fancy under activity-based costing.
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Which of the following is an example of a mission statement?
A. "to create a world where the family farm is valued over the large-scale production of agribusiness" B. "to become a beacon of hope for those suffering from mental hardship" C. "to make education accessible to everyone in the world" D. "to engage in business practices that are not only legal but also ethical" E. "to offer the lowest prices on new hardcover books, anywhere in the world"
The Four Seasons Hotels and Toyota are cited as examples for which quality characteristic?
A. durability B. reliability C. performance D. timeliness
The direct charge-off method makes no attempt to match bad-debt losses with revenues
Indicate whether the statement is true or false
Express the following balance sheets for Safety Company in common-size percentages.Safety CompanyBalance SheetsFor the years ended December 31?Year 2Year 1Assets??Cash$ 43,000$ 22,000Accounts receivable38,00042,000Merchandise inventory61,00052,000Prepaid insurance6,0009,000Long-term investments49,00020,000Plant assets (net)218,000218,000Total assets$415,000$363,000???Liabilities and Equity??Current liabilities$ 62,000$ 75,000Long-term liabilities45,00036,000Common stock150,000150,000Retained earnings 158,000 102,000Total liabilities and equity$415,000$363,000
What will be an ideal response?