Time-based activity-based costing does not require extensive interviews with employees to perform stage one allocations.
Answer the following statement true (T) or false (F)
True
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Which of the following statements is true about shareholders?
A) They are not entitled to a distribution of the dividend income. B) They have direct equity interest in the firms to which they fund resources. C) They have no rights to transfer their shares to other investors. D) They emphasize corporate responsibility over financial profitability.
IT governance over operating systems includes establishing proper policies and procedures. These policies and procedures over operating systems should cover all of the following except:
A. Who can access the operating system. B. Which actions users can take. C. Which resources users can use. D. Which computing hardware to use.
Oscar, Inc, a manufacturer of gift articles, uses a single plantwide rate to allocate indirect costs with machine hours as the allocation base
Estimated overhead costs for the year are $5,000,000. Estimated machine hours are 40,000. During the year, the actual machine hours used were 45,000. Calculate the predetermined overhead allocation rate. (Round your answer to the nearest dollar.) A) $111 B) $91 C) $125 D) $63
A(n) _____ is one who receives possession of another’s property for the purpose of sale on commission.
A. factor B. factor del credere C. broker D. attorney in fact