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

Business

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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

Business

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

Business

Private pension plan assets are invested mainly in ________

A) government securities B) corporate bonds C) stock D) certificates of deposit

Business

Building data warehouses often slows down operational systems

Indicate whether the statement is true or false

Business