Excess inventories, scrap losses, rejects, and rework are examples of?
a. Waste
b. Buffers
c. Hedges
d. Stocks
a. Waste
You might also like to view...
When buying from a supplier in France, LTD, based in Cleveland, Ohio, has arranged for its bank to pay the supplier the cost of the desired material when it has passed customs in the United States. Which of the following terms is this type of bank promise called?
a. banker's acceptance b. bank trust service c. certified check d. letter of credit e. currency exchange agreement
Tremble Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$99?Fixed costs per year: Direct labor$822,800?Fixed manufacturing overhead$3,678,400?Fixed selling and administrative expenses$3,736,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 48,400 units and sold 46,700 units. The company's only product is sold for $198 per unit.Assume that the company uses an absorption costing system that assigns $17 of direct labor cost and $76 of fixed manufacturing overhead to each unit that is produced. The unit product cost under this
costing system is: A. $272 per unit B. $116 per unit C. $99 per unit D. $192 per unit
Identify each of the following payroll taxes as an (A) Employer Payroll Tax, (B) Employee Payroll Tax, or (C) Both. 1.FICA-Social Security taxes2.FICA-Medicare taxes3.FUTA (federal unemployment taxes)4.SUTA (state unemployment taxes)5.Employee federal income taxes6.Employee state and local income taxes
What will be an ideal response?
In general, consolidated financial statements should be prepared
A) when a corporation owns more than 20% of the common stock of another company B) when a corporation owns more than 50% of the common stock of another company C) only when a corporation owns 100% of the common stock of another company D) whenever the market value of the stock investment is significantly lower than its cost