Which of the following types of brands are the least commonly purchased at grocery stores?
A. Producer
B. Store
C. Generic
D. Manufacturer
E. Private
Answer: C
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Jacob is reviewing the past 10 years of Acme Global’s production and calculating specific proportions between production levels and number of employees. He plans to use the information to understand the relationship between production and number of employees. The process in which Jacob is engaged is ______.
A. qualitative forecasting B. ratio analysis C. regression analysis D. job analysis
Which of the following best describes costs assigned to the product under the variable costing method?Direct labor (DL)Direct materials (DM)Variable selling and administrative (VSA)Variable manufacturing overhead (VOH)Fixed selling and administrative (FSA)Fixed manufacturing overhead (FOH)
A. DL, DM, VOH, and FOH. B. DL, DM, VSA, and VOH. C. DL, DM, and VOH. D. DL, DM, FSA, and FOH. E. DL and DM.
Which of the following statements is true about a corporation?
a. All its members participate in management of the business. b. It is dissolved by death, bankruptcy, or withdrawal of the general partner. c. Its shares are freely transferable. d. Shareholders have unlimited liability.
Lueckenhoff Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed:Number of units in the job40Total direct labor-hours80Direct materials$ 950Direct labor cost$ 2,720The predetermined overhead rate is closest to:
A. $11.90 per direct labor-hour B. $2.40 per direct labor-hour C. $9.50 per direct labor-hour D. $7.10 per direct labor-hour