The sampling method in which a population is divided into blocks and then selected by choosing a random mechanism is called a:
a. random sampling b. systematic sampling
c. stratified sampling d. cluster sampling
b
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The management of Holdaway Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The company's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated amount of the allocation base for the upcoming year is 79,000 machine-hours. Capacity is 88,000 machine-hours and the actual level of activity for the year is assumed to be 74,900 machine-hours. All of the manufacturing overhead is fixed and both the estimated amount at the beginning of the year and the actual amount at the end of the year are assumed to be $5,700,640 per year. For simplicity, it is assumed that this is the estimated manufacturing overhead for the year as well as
the manufacturing overhead at capacity. It is further assumed that this is also the actual amount of manufacturing overhead for the year. If the company bases its predetermined overhead rate on capacity, what would be the cost of unused capacity reported on the income statement prepared for internal management purposes? A. $552,762 B. $848,618 C. $295,856 D. $583,020
The capital projects fund of Hysham completed construction of a new building. The building should be reported in the:I. government-wide statement of net assets. II. capital projects fund.
A. II only B. I only C. Neither I nor II D. Either I or II
Which of the following means expressing someone else's ideas in your own words?
A) direct quotation B) paraphrasing C) plagiarizing D) indirect quotation
If a proposed expenditure of $80,000 for a fixed asset with a 4-year life has an annual expected net cash flow and net income of $32,000 and $12,000, respectively, the cash payback period is 4 years
Indicate whether the statement is true or false