A class diagram shows a set of classes and their interrelationships
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TRUE
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Severity and vulnerability are key elements in rational advertisements
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Parr Corporation makes three products, X, Y, and Z. Expected overhead costs for the coming year include:
Parr uses direct labor hours as the cost driver to allocate overhead costs. Budgeted direct labor hours for each product are:Product X, 15,000 direct labor hoursProduct Y, 10,000 direct labor hoursProduct Z, 5,000 direct labor hoursRequired:1) Determine the amount of manufacturing overhead that should be allocated to each of the three products.2) Assume that each unit of Product X requires $40 in direct materials and 3 direct labor hours at a rate of $15 per hour. Calculate the budgeted or expected cost of each unit of X.
What will be an ideal response?
The entry to record a sale on account of $1,500 plus tax of $75 would be:
a. debit accounts receivable $1,575, credit sales $1,500, credit sales tax payable $75. b. debit accounts receivable $1,575, credit sales $1,575. c. debit cash $1,575, credit accounts receivable $1,500, credit sales tax payable $75. d. debit cash $1,500, credit sales $1,500.
Myopic behavior is one of the advantages of participative budgeting
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