The production cost of an automobile component is $45. The producer takes a 10 percent markup and sells the product to the wholesaler. What is the wholesaler's cost?
A. $45
B. $5
C. $50
D. $10
E. $60
Answer: C
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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
Fortune Company has 10 delivery trucks that became fully depreciated in the prior year. Fortune will continue charging the same amount of depreciation as before so that there will be no decrease in expenses
a. True b. False Indicate whether the statement is true or false
Factorial design is a true experimental design that is used to measure the effects of two or more independent variables at various levels and to allow for interactions between variables
Indicate whether the statement is true or false
Intensive owner participation in a business is most likely to occur when _____
a. a retailer is well-capitalized b. delegation of work to others will diminish consumer loyalty c. a firm has strong financial controls d. store hours are long