Answer the following statements true (T) or false (F)
The income statement for Nighty Night, Inc. is divided into two product lines, blankets and pillows, as follows:
Nighty Night, Inc. should eliminate the pillows product line only, if by doing so, they can eliminate more than $70,000 of fixed costs.
TRUE
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Financing activities are those transactions dealing with the exchange of cash between the firm and its owners (stockholders) and creditors
a. True b. False Indicate whether the statement is true or false
Horizontal conflicts are conflicts between different levels of the same channel
Indicate whether the statement is true or false
The natural biological nature of humankind towards self-preservation is:
a. altruism b. selfishness c. self-awareness d. survival
Decorte Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data:Total direct labor-hours10,000Total fixed manufacturing overhead cost$ 33,000Variable manufacturing overhead per direct labor-hour$ 2.50 Recently, Job K332 was completed with the following characteristics:Number of units in the job70Total direct labor-hours140Direct materials$ 455Direct labor cost$ 5,320The unit product cost for Job K332 is closest to:
A. $82.50 B. $18.10 C. $47.05 D. $94.10