Departmental overhead rates may not correctly assign overhead costs due to:
A. overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity of production.
B. the high correlation between direct labor-hours and the incurrence of overhead costs.
C. the use of direct labor hours in allocating overhead costs to products rather than machine time or quantity of materials used.
D. difficulties associated with identifying cost pools for the first stage of the allocation process.
Answer: A
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Use concise, direct __________
a. definitions b. sentences c. language d. jargon
Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. On July 10, Gideon received a check for the full amount of $2,000 from Hopkins. On July 10, the entry or entries Gideon makes to record the recovery of the bad debt is:
A.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Allowance for Doubtful Accounts | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
B.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Bad debts expense | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
C.
| Allowance for Doubtful Accounts | 2,000 | |
| Accounts Receivable-A. Hopkinse | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 | |
| Cash | 2,000 |
D.
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
E.
| Cash | 2,000 | |
| Bad debts expense | 2,000 |
Pekerti and Thomas (2003) examined intercultural and intracultural communication styles between two groups in New Zealand. Anglo-Europeans, presenting a low-context individualist culture and ______, representing a high-context collectivist culture.
*a. East Asians b. Americans c. Eastern Europeans d. African-Americans
The most important activity in recruiting salespeople is determining what the salesperson will be doing and
A. their previous level of experience. B. how long they are likely to stay. C. whether to pay them on a commission basis, or a salary plus commission. D. when they are available to start work. E. what personal traits and abilities a salesperson should have to do the job well.