Repair and maintenance costs of vehicles used to deliver products to the customers are included in manufacturing overhead
Indicate whether the statement is true or false
FALSE
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A vending machine is a good illustration of a point-of-purchase display
Indicate whether the statement is true or false
Weimar Corporation is conducting a time-driven activity-based costing study in its Order Fulfillment Department. The company has provided the following data to aid in that study:Weimar CorporationOrder Fulfillment DepartmentData InputsResource Data: Number of employees 13 Average salary per employee$36,720 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 85%?Activity Data:Processing OrdersPreparing DeliveriesHandling ReturnsMinutes per unit of the activity162844?Cost Object Data:All CustomersNumber of orders processed21,750Number of deliveries prepared11,130Number of returns handled410?On the Capacity Analysis report in time-driven activity-based costing, the "unused capacity in number of employees"
would be closest to: A. 6.36 employees B. (6.64)employees C. 6.64 employees D. 13.00 employees
The net method of recording purchases refers to recording:
A. Inventory at its selling price. B. Specified amounts and timing of payments that a buyer agrees to in return for being granted credit. C. Purchases at the invoice price less any cash discounts. D. Inventory at the lower of cost or market. E. Purchases at the full invoice price, without deducting any cash discounts.
The term ________ refers to the oral testimony given by a party or witness prior to trial
A) class action B) deposition C) interrogatory D) intervention