Use the information in the table (all times are in days) to determine the lowest cost minimum completion time if the base cost for each activity finished in normal time is $1,000
Activity Normal Time Minimum Time Crash Cost ($/day) Predecessor
A 10 6 $70 --
B 6 3 $40 --
C 2 2 -- B
D 4 2 $60 C
E 6 4 $80 A
F 8 5 $90 D, E
A) $7,120
B) $6,910
C) $6,790
D) $6,830
C
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The U.S. economic system is capitalistic with socialistic overtones
Indicate whether the statement is true or false.
If a company paid $38,000 of its accounts payable in cash, what was the effect on the accounting equation?
A. Assets would decrease $38,000, liabilities would decrease $38,000, and equity would increase $38,000. B. Assets would decrease $38,000, liabilities would decrease $38,000, and equity would decrease $38,000. C. Assets would increase $38,000 and liabilities would decrease $38,000. D. There would be no effect on the accounts because the accounts are affected by the same amount. E. Assets would decrease $38,000, liabilities would decrease $38,000, and equity remains unchanged.
In most states a tenant may
a. not sublease without the approval of the landlord. b. sublease provided the lease does not prohibit it. c. sublease with the consent of the sublessee. d. not sublease.
Vaden Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$61,740 Budgeted fixed manufacturing overhead 390,040 Total budgeted manufacturing overhead$451,780 Budgeted production (a) 35,000unitsStandard hours per unit (b) 1.40labor-hoursBudgeted hours (a) × (b) 49,000labor-hours Applying Overhead: Actual production (a) 38,000unitsStandard hours per unit (b) 1.40labor-hoursStandard hours allowed for the actual production (a) ×
(b) 53,200labor-hours Actual Overhead and Hours: Actual variable manufacturing overhead$94,680 Actual fixed manufacturing overhead 405,040 Total actual manufacturing overhead$499,720 Actual hours 52,600labor-hours?The total manufacturing overhead is underapplied or overapplied by how much? A. $9,216 Overapplied B. $9,216 Underapplied C. $47,940 Overapplied D. $47,940 Underapplied