What is the company's plantwide overhead rate if machine hours are the allocation base? (Round your answer to two decimal places.)
The following data relates to Mangini Company's estimated amounts for next year.
A) $200.00 per MH
B) $150.00 per MH
C) $160.00 per MH
D) $31.11 per MH
E) $5.14 per MH
C) $160.00 per MH
Explanation: ($320,000 + $400,000)/(2,000 + 2,500) MH = $160 per MH
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Hierarchical order means listing people's names in a memo according to their degree of importance to the organization
Indicate whether the statement is true or false
In the context of marketing research data, if the marketer of a company wants to gather secondary data, he or she should use _____.
A. mall interviews B. a focus group C. his or her own surveys D. the company's product sales history
The CMS Co. began operations in January 2016. Listed below are selected transactions for 2016 and 2017:
?During 2016, $125,000 in R&D expenditures were made to develop a new product that was patented on July 1, 2016. CMS believes the patent will provide benefits for ten years. Legal fees incurred were $24,000.?On September 1, 2016, CMS paid EZ Company $180,000 for its patent on a successful product. The patent has six remaining years in its legal life.?On October 1, 2016,CMS applied for and received a trade name from the government. The legal costs associated with filing for the trade name were $10,000. In addition, during November 2016, the company incurred $50,000 in advertising its name. Benefits are expected indefinitely.?In early January 2017, CMS paid $20,000 in legal fees to defend the patent acquired from EZ. CMS's attorneys were successful in the lawsuit.?During 2017, R&D expenditures of $90,000 were incurred in the development of a product. A patent was received on December 1, 2017. Legal fees paid in connection with the patent were $15,000. The economic life of the product is expected to be five years.? Required: a.Prepare a partial balance sheet for CMS Company as of December 31, 2017, showing the intangible assets. In support of your answer, prepare a separate schedule for each intangible asset. The company amortizes its intangible assets using the straight-line method and recognizes amortization to the nearest month.b.Prepare a schedule to calculate CMS's expenses related to the above transactions for both 2016 and 2017. What will be an ideal response?
Which of these is not a kind of security?
A) behavioral B) hierarchical C) logical D) physical