Why are consumers attracted to the sharing economy?
a. lower prices
b. better accessibility
c. great flexibility
d. all of the above
d. all of the above
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A CPA is most likely to refer to one or more of the items listed in the Responsibilities section of the Principles Underlying an Audit Conducted in Accordance with GAAS in determining:
A. the nature of the CPA's report qualification. B. whether the CPA should undertake an audit engagement. C. the scope of the CPA's auditing procedures. D. requirements for the review of the entity and its environment.
Hadlee Corporation produces two products, P and Q. P sells for $7.00 per unit; Q sells for $6.00 per unit. Variable costs for P and Q are $3.00 and $5.00, respectively. There are 2300 direct labor hours per month available for producing the two products. Product P requires 2.00 direct labor hours per unit, and product Q requires 2.00 direct labor hours per unit. The company can sell up to 600 units of each kind per month. What is the maximum monthly contribution margin that Hadlee can generate under the circumstances? (Round to nearest whole dollar.)
A) $2400 B) $550 C) $2950 D) $12,050
Which of the following statements is true of patents?
A) The object of a patent can be one that a person of ordinary skill in the trade could have easily discovered. B) Courts generally grant patents for business methods. C) A patent holder has the exclusive right to produce, sell, and use the patented object for the duration of ten years. D) No other party should have created or published the plans for the object of a patent.
Freeze Frame, Inc. produces cameras that require three processes, A, B, and C, to complete. Digital camera model #789 is the best-selling of all the many types of cameras produced. Information related to the 550,000 units of digital camera model #789 produced annually is shown below.Direct materials$450,000Direct labor? Department A (7,000 DLH x $21 per DLH)$147,000 Department B (25,000 DLH x $19 per DLH)$475,000 Department C (10,000 DLH x $26 per DLH)$260,000Machine Hours? Department A42,000 MH Department B23,000 MH Department C38,000 MHFreeze Frame's total expected overhead costs and related overhead data are shown below:?Department ADepartment BDepartment CDirect labor hours90,000 DLH75,000 DLH42,000 DLHMachine hours67,500 MH135,000 MH53,200 MHManufacturing
overhead costs $540,000$675,000$399,000a. Compute a departmental overhead rate for department A based on direct labor hours.b. How much overhead is associated with model 789 from department A?c. Compute a departmental overhead rate for department B based on direct labor hours.d. How much overhead is associated with model 789 from department B?e. Compute a departmental overhead rate for department C based on direct labor hours.f. How much overhead is associated with model 789 from department C?g. What is the per unit cost of the 550,000 units of model 789? What will be an ideal response?