The transaction price for multiple performance obligations should be allocated based on
A) total transaction price less residual value.
B) forecasted cost of satisfying performance obligation.
C) what the company could sell the goods for on a stand-alone basis.
D) selling price from the company's competitors.
C
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Assume that one of the process bubbles in the Purchasing Process - Level 0 Diagram is called "order goods and services." The data flow between "order goods and services" and the "vendor" is called a:
a. purchase order b. receiving report c. stock notice d. inventory notice
While she has no authority to finalize a solution, Betty listens to employee complaints and attempts to resolve them by mediating between the employees and their supervisors. Betty is an ombudsman.
Answer the following statement true (T) or false (F)
Which of the following statements about pull processes is accurate?
A) They may also be referred to as speculative processes. B) Execution is initiated in anticipation of customer orders. C) At the time of execution, demand must be forecast. D) They may also be referred to as reactive processes.
Jennings Company manufactures ceiling fans and uses an activity-based costing system
Each ceiling fan has 20 separate parts. The direct materials cost is $85 and each ceiling fan requires 2.50 hours of machine time to manufacture. Additional information is as follows: Activity Allocation Base Predetermined Overhead Allocation Rate Materials handling Number of parts $ 0.04 Machining Machine hours 7.60 Assembling Number of parts 0.40 Packaging Number of finished units 3.90 What is the total manufacturing cost per ceiling fan? (Round any intermediate calculations and your final answer to the nearest cent.) A) $97.70 B) $104.80 C) $112.80 D) $116.70