Nick Company has two products: A and B. The company uses activity-based costing. The total cost and activity for each of the company's three activity cost pools are as follows: Total ActivityActivity Cost PoolTotal CostProduct AProduct BTotalActivity 1$32,6007003001,000Activity 2$17,600600200800Activity 3$52,500400100500The activity rate under the activity-based costing system for Activity 3 is closest to:
A. $205.00
B. $44.65
C. $105.00
D. $525.00
Answer: C
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Thomas Martin receives an hourly wage rate of $40, with time and a half for all hours worked in excess of 40hours during a week. Payroll data for the current week are as follows: hours worked, 48; federal income taxwithheld, $350; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the gross pay for Martin?
a. $449 b. $1,730 c. $2,080 d. $1,581
Which of the following is a characteristic of the affordable method of establishing a marketing communications budget?
A) fixed annual budget B) suitable for long-range planning C) priority given to role of promotion as an investment D) calculated to reflect what the company can spare for marketing communications E) based on the immediate impact of promotion on sales volume
In a limited partnership the ______ are investors who may not participate in managing the business
a. restricted partners b. general partners c. investment partners d. nonvoting partners e. none of the other choices are correct
____-management software is used to store, manipulate, and manage data in order to find and present useful information.
A. Content B. Database C. PIM D. Spreadsheet