A class diagram shows a set of classes and their interrelationships
Indicate whether the statement is true or false
TRUE
You might also like to view...
Severity and vulnerability are key elements in rational advertisements
Indicate whether the statement is true or false
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
Indicate whether the statement is true or false