Nemes Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$324,360 Budgeted production (a) 30,000unitsStandard hours per unit (b) 1.70labor-hoursBudgeted hours (a) × (b) 51,000labor-hours?The fixed component of the predetermined overhead rate is closest to:
A. $6.36 per labor-hour
B. $5.35 per labor-hour
C. $9.10 per labor-hour
D. $10.81 per labor-hour
Answer: A
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The following items were reported on the balance sheets and income statement for Carlton Co: Accounts receivable, December 31, 2015 $185,000 Accounts receivable, December 31, 2016 178,000 Sales—2016 850,000 What amount would be reported in the operating activities section of the statement of cash flows for collections from customers under the direct method assuming that all sales are on credit?
a. $850,000 b. $857,000 c. $843,000 d. Cannot be determined without further information.
In a JIT system, reducing throughput time is possible because:
a. there are fewer materials used in the process. b. there are more workers involved in the process. c. there are more supervisors, so a better job is done of directing plant activities. d. there are fewer operations such as moving and storing inventories that do not add value to the product.
A ______ is an individual who tells an authoritative organization (such as a TV station or a government agency) outside the individual’s own company about actions within the company that the individual believes to be illegal.
A. striker B. layoff C. coach D. whistle-blower
Paula Hillison sells a line of copy machines that feature a "quick change" toner cartridge. The empty toner cartridge can be replaced quickly, without any mess, in a matter of seconds
Which of the following statements represents the most effective presentation of this feature? A) "We have recently developed the only office copy machine that features a quick change toner cartridge." B) "After years of research and development, our engineers have developed a quick change toner cartridge." C) "If you purchase one of our copy machines, you will enjoy the benefits of a quick change toner cartridge." D) "All of our copy machines are equipped with a quick change toner cartridge, which means you no longer waste time replacing an empty toner cartridge." E) "We have set a new industry standard with the quick change toner cartridge."