All of the following are taken into account in a cost of living index EXCEPT:
A. income
B. housing
C. food and groceries
D. health care
E. entertainment
Answer: A
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Hardigree Corporation uses a job-order costing system. Beginning balance in Work in Process$36,000(1)Raw materials purchased on account$207,000(2)Direct materials requisitioned for use in production$161,000(3)Indirect materials requisitioned for use in production$42,000(4)Direct labor wages incurred$87,000(5)Indirect labor wages incurred$101,000(6)Depreciation recorded on factory equipment$42,000(7)Additional manufacturing overhead costs incurred$57,000(8)Manufacturing overhead costs applied to jobs$219,000(9)Cost of jobs completed and transferred from Work inProcess to Finished Goods$403,000 The manufacturing overhead was:
A. $23,000 Overapplied B. $19,000 Overapplied C. $19,000 Underapplied D. $23,000 Underapplied
PDCA, developed by Shewhart, stands for which of the following?
A) Plan-Do-Check-Act B) Plan-Develop-Check-Accept C) Problem-Develop Solution-Check-Act D) Problem-Do-Continue-Act E) Prepare-Develop-Create-Assess
Private pension plan assets are invested mainly in ________
A) government securities B) corporate bonds C) stock D) certificates of deposit
Building data warehouses often slows down operational systems
Indicate whether the statement is true or false