Fill in the blanks
Direct materials cost and direct labor cost can be ________ ________ to products. Manufacturing overhead costs are ________ in cost pools and then ________ to products.
What will be an ideal response
Direct materials cost and direct labor cost can be easily traced to products. Manufacturing overhead costs are accumulated in cost pools and then allocated to products.
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Capital budgeting uses financial criteria exclusively when evaluating projects
Indicate whether the statement is true or false
Kelly borrows $12,000 from Terry Oswald to pay for her mother's surgery. The debt-repayment period is 15 months, but Kelly manages to repay it in 11 months
Which of the following must be filed by Oswald after receiving the final installment of his money? A) financing statement B) statement of collateral claim C) termination statement D) continuation statement
An alternative term for business ethics is?
a. EDLP b. Corporate utility theory c. Consumerism d. Corporate social responsibility
Western Company allocates $10 overhead to products based on the number of machine hours used. The company uses a plantwide overhead rate with machine hours as the allocation base. Given the amounts below, how many machine hours does the company expect in department 2?Estimated:Department 1Department 2Manufacturing overhead costs$250,000 $150,000 Direct labor hours 8,000DLH 12,000DLHMachine hours 15,000MH ?MH
A. 25,000 MH B. 33,000 MH C. 88,000 MH D. 82,500 MH E. 137,500 MH