The master budget normally covers:
A. 1-5 years.
B. 1 year.
C. 5-10 years.
D. 3 months.
Answer: B
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Management accounting reports
A) are primarily used by parties inside the organization. B) must be prepared on a periodic basis. C) are generally publicly available. D) are based on generally accepted accounting principles.
The mode that represents the highest percentage of U.S. transportation costs in recent years is ______.
A. air B. pipelines C. water D. truck
Spouse dominant decision-making implies that
A. the husband makes the majority of the purchase decisions. B. the wife and the husband alternate with respect to their purchase decisions. C. both the husband and the wife make the purchase decisions together. D. the wife makes the majority of the purchase decisions. E. either the husband or the wife is primarily responsible for purchase decisions.
Scholfield Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that ABC system are listed below:Activity Cost PoolActivity MeasureActivity RateSupporting assemblyDirect labor-hours (DLHs)$6.55per DLHProcessing batchesNumber of batches$138.20per batchProcessing ordersNumber of orders$52.60per orderServing customersNumber of customers$1,191.00per customerThe cost of serving customers, $1,191.00 per customer, is the cost of serving a customer for one year.Latif Corporation buys only one of the company's products which Scholfield Enterprises sells for $15.60 per unit. Last year Latif Corporation ordered a total of 1,100 units of this
product in 2 orders. To fill the orders, 7 batches were required. The direct materials cost is $7.85 per unit and the direct labor cost is $1.90 per unit. Each unit requires 0.10 DLHs.According to the ABC system, the total overhead cost for this customer this past year was closest to: A. $2,984.10 B. $10,725.00 C. $13,709.10 D. $1,793.10