An advantage of franchising is the:
A. franchisee's ability to freely expand its territory.
B. minimal setup costs involved.
C. training and support provided by the franchisor.
D. franchisee's ability to take control of the business.
Answer: C
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The country which has the highest rates of value added tax (VAT) in the European Union is:
A) Germany. B) Italy. C) France. D) Denmark. E) Switzerland.
Requirements 1. Compute the product cost per harmonica produced under variable costing. 2. Prepare an income statement for January, 2019
Louie's Music produces harmonicas that it sells for $12 each. The company computes a
new monthly fixed manufacturing overhead allocation rate based on the planned number
of harmonicas to be produced that month. Assume all costs and production levels are
exactly as planned. The following data are from Louie's Music's first month in business:
Seaworthy Designs manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Seaworthy uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 4 pounds per unit; $6 per pound Direct labor: 4 hours per unit; $17 per hour During the first quarter, Seaworthy produced 4000 units of this product. Actual direct materials and direct labor costs were $66,000 and $328,000, respectively. For the purpose of preparing the flexible budget, what is the total standard direct labor cost at a production volume of 4000 units? A) $68,000 B) $66,000 C) $272,000 D) $328,000
Which of the following is an equitable remedy available in a civil proceeding?
a. money damages b. a fine c. a jail or prison sentence d. an injunction