A ________ is the result of a back-and-forth discussion between a buyer and seller about the final price of a product or service
A) request for quote
B) competitive bid
C) price quote
D) negotiated price
E) loss-leader price
D
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Assume that a firm uses the accrual basis of accounting. Indicate the amount of expense the firm recognizes during the month of November for each independent transaction
a. Rent of $3,600 is paid on November 1 for the months November through January. b. Inventory costing $2,500 is ordered on account. The invoice is received on November 25 and the goods are received on December 5. c. Insurance premium of $900 is paid for a full year of coverage starting November 1. d. On December 3, an invoice for November utilities of $325 is received. e. On November 1, supplies costing $2,200 are purchased. At November 30, $500 of supplies remained on hand.
The U.S. Department of Labor uses ______ to describe jobs.
A. CODAP B. O*NET C. Position Description questionnaires D. GOV.JOB E. The Hay System
The supremacy clause:
A) makes the judiciary superior to the other branches of government. B) makes the state government superior to federal government. C) makes federal law superior to state law when there is a conflict. D) makes the executive branch superior to the legislative branch.
Nole, Inc., manufactures and sells two products: Product W8 and Product N0. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct W8100 9.0 900 Product N01,000 11.0 11,000 Total direct labor-hours 11,900 The direct labor rate is $17.40 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per UnitProduct W8$176.40 Product N0$280.50 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead
CostExpected Activity???Product W8Product N0TotalLabor-relatedDLHs$461,720 90011,00011,900Machine setupssetups 25,865 300400700Order sizeMHs 796,220 4,0004,2008,200 $1,283,805 If the company allocates all of its overhead based on direct labor-hours using its traditional costing method, the overhead assigned to each unit of Product W8 would be closest to: (Round your intermediate calculations to 2 decimal places.) A. $873.90 per unit B. $349.20 per unit C. $332.55 per unit D. $970.92 per unit