Earnings per share is the amount of income earned per share of a company's outstanding (weighted-average) common stock.
Answer the following statement true (T) or false (F)
True
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In a manufacturing firm, employees use time cards and job tickets. Which of the following statements is not correct?
a. Job tickets are prepared by employees for each job worked on, so an employee may have more that one job ticket on a given day. b. An individual employee will have only one time card. c. The time reported on job tickets should reconcile with the time reported on time cards. d. Paychecks should be prepared from the job tickets.
On January 1, Biden, Inc.'s Work-in-Process Inventory account had a balance of $31,900. During the year, $58,500 of direct materials was placed into production. Manufacturing wages incurred amounted to $85,000, of which $64,500 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $90,300. Jobs costing $220,800 were completed during the year. What is the December 31 balance of Work-in-Process Inventory?
A) $154,900 B) $31,900 C) $232,300 D) $11,500
Consider the estimated aggregate demand for a company’s ski product line for the upcoming year in the following table. Calculate the number of workers required to meet the production level using level production strategy. The average number of hours required to produce a pair of skis is 8 hr; the number of worker hours per month is 160.
A. 180
B. 100
C. 240
D. 200
____ and ____ are often subconsciously communicated and can reveal a lot about a sender’s and receiver’s feelings and attitudes.
a. Emblems, affect displays b. Illustrators, regulators c. Regulators, adapters d. Adapters, affect displays