Which of the following is not an appropriate use of transfer pricing?
A. Evaluating performance.
B. Establishing standard costs.
C. Product costing.
D. Decision making.
Answer: B
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________ was enacted to safeguard private information of federal employees from being disclosed by the Federal Government
Fill in the blanks with correct word
Vasilopoulos Corporation has two production departments, Casting and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:??CastingAssembly?Machine-hours17,00011,000?Direct labor-hours3,0006,000?Total fixed manufacturing overhead cost$119,000$51,000?Variable manufacturing overhead per machine-hour$2.10??Variable manufacturing overhead per direct labor-hour?$3.10During the current month the company started and finished Job A182. The following data
were recorded for this job:?Job A182:CastingAssembly?Machine-hours5020?Direct labor-hours1050?Direct materials$895$365?Direct labor cost$240$1,200Required:a. Calculate the estimated total manufacturing overhead for the Casting Department.b. Calculate the estimated total manufacturing overhead for the Assembly Department.c. Calculate the predetermined overhead rate for the Casting Department.d. Calculate the predetermined overhead rate for the Assembly Department.e. Calculate the total amount of overhead applied to Job A182 in both departments.f. Calculate the total job cost for Job A182.g. Calculate the selling price for Job A182 if the company marks up its unit product costs by 20% to determine selling prices. What will be an ideal response?
A mutual fund is a means by which investors with only a small amount of money can invest in a portfolio of securities
Indicate whether the statement is true or false.
The income method of determining how much life insurance coverage you need is
A) based on future family expenses. B) based on the age of your children. C) based on the amount of your 401(k) retirement plan. D) a good starting point.