A professor's graduate assistant can grade a quiz in 40 seconds. Over the course of an academic year he assists with 6 sections of a course with an average of 30 students with 10 quizzes in each section
If he is paid $8 an hour, how much is his annual quiz-grading labor cost to the university?
A) $60
B) $160
C) $576
D) $576,000
B
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The duty of care requires directors and officers to make a reasonable investigation before making any corporate decisions.
Answer the following statement true (T) or false (F)
Either a drop in net profit margin or a drop in total asset turnover, or both, can cause return on assets to fall
Indicate whether the statement is true or false
What is the disadvantage of transporting goods by truck?
A. Trucks are not suitable for moving small quantities of goods for shorter distances. B. The number of locations served by trucks is very limited. C. Trucks have a limited ability to handle a variety of goods. D. The cost of transportation is higher than with pipeline or rail. E. Trucks are not reliable in meeting delivery schedules.
A company will report overapplied overhead when the:
a. actual overhead rate is more than predetermined overhead rate. b. applied overhead is less than actual overhead. c. applied overhead is greater than actual overhead. d. estimated units of cost driver is more than the actual units of cost driver.