Which of the following costs could be found in work in process inventory for a candy bar manufacturer?
a) Assembly worker wages
b) Utilities for administrative offices
c) Depreciation on sales office
d) Customer order forms
a) Assembly worker wages
You might also like to view...
Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: Year 2Year 1Total assets$1,440 $1,480 Total liabilities$400 $450 Total stockholders' equity$1,040 $1,030 Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1,280 Cost of goods sold 850 Gross margin 430 Selling and administrative expense 355 Net operating income 75 Interest expense 18 Net income before taxes 57 Income taxes (30%) 17 Net income$ 40 The times interest earned ratio for Year 2 is closest to:
A. 4.17 B. 5.95 C. 2.22 D. 3.17
Dollar stores are classified under:
A) Convenience stores. B) Specialty retailers. C) Discount retailers. D) Hard discounters. E) Category killers.
When performing sampling, the auditor is most concerned with which of the following?
a. Risk of incorrect rejection. b. Risk of incorrect acceptance. c. Risk of excess sample size. d. Risk of errors in the population.
What is market fragmentation? Why is market fragmentation of concern to marketers?
What will be an ideal response?