Refer to Graph 8.1. What is the seasonal index for the first Saturday in the data set?
A) 1.69
B) 1.56
C) 0.64
D) 0.58
B
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U.S. GAAP requires that all long-term monetary liabilities appear on the balance sheet at the
a. future value of the present cash payments. b. total value of the future cash payments. c. imputed value of the future cash payments. d. present value of the future cash payments. e. historical cash proceeds from debt issuance.
The comparison of a company's financial condition and performance across time is known as ________.
What will be an ideal response?
Birkland 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$137,670??Budgeted fixed manufacturing overhead278,460??Total budgeted manufacturing overhead$416,130??????Budgeted production (a)30,000units?Standard hours per unit (b)1.30labor-hours?Budgeted hours (a) × (b)39,000labor-hours?????Applying Overhead:???Actual production (a)26,000units?Standard hours per unit (b)1.30labor-hours?Standard hours allowed for the actual
production (a) × (b)33,800labor-hours?????Actual Overhead and Hours:???Actual variable manufacturing overhead$87,185??Actual fixed manufacturing overhead261,460??Total actual manufacturing overhead$348,645??Actual hours32,900labor-hours?Actual variable overhead rate$2.65per labor-hourRequired:a. Compute the variable component of the company's predetermined overhead rate.b. Compute the fixed component of the company's predetermined overhead rate.c. Compute the company's predetermined overhead rate.d. Determine the variable overhead rate variance for the year.e. Determine the variable overhead efficiency variance for the year.f. Determine the fixed overhead budget variance for the year.g. Determine the fixed overhead volume variance for the year. What will be an ideal response?
Sarah's sales figure show that she has been the top performer in her department for the last eight months. Two month prior to her annual performance review, Sarah's sales numbers fell due to her ill health causing her manager to rate her performance as just satisfactory. This is an example of the ________.
A. randomness bias B. availability bias C. self-serving bias D. representation bias