________ is the process of allocating the cost of plant assets to the income statement over their expected useful lives.
Fill in the blank(s) with the appropriate word(s).
Depreciation
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The local Advance Auto Parts retailer agreed to advertise during the live broadcast of a local parade. Due to equipment problems, the parade was not televised, and the station showed an old episode of 7th Heaven instead. Because of its advertising agreement with the network, Advance Auto Parts would most likely receive a(n) ________ to compensate for the lower ratings than expected.
A. do-over B. makegood C. audience compensation D. preemption notice E. affidavit of nonperformance
The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 units during May were as follows: Standard: 25,000 hours at $10 $250,000 Actual: Variable factory overhead 202,500 Fixed
factory overhead 60,000 What is the amount of the factory overhead volume variance? A) $12,500 favorable B) $10,000 unfavorable C) $12,500 unfavorable D) $10,000 favorable
Which of the following is true of the Securities Litigation Uniform Standards Act of 1998?
A) It is a safe harbor from liability for companies that make statements to the public about future risk factors. B) It gives the Securities and Exchange Commission cease-and-desist powers and the power to impose substantial monetary penalties in administrative proceedings. C) It is an amendment to the Private Securities Litigation Reform Act of 1995. D) It sets national standards for securities class action lawsuits involving nationally traded securities.
After concept testing, a firm would engage in which stage in developing and marketing a new product?
A) idea screening B) marketing strategy development C) business analysis D) product development E) test marketing