A homeowner's policy typically does not provide for losses caused by theft, unless there is a specific rider to the policy
Indicate whether the statement is true or false
False
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Muscato Corporation estimates that its variable manufacturing overhead is $18.50 per machine-hour and its fixed manufacturing overhead is $1,443,750 per period.If the denominator level of activity is 7500 machine-hours, the fixed component in the predetermined overhead rate would be:
A. $1850.00 per machine-hour B. $18.50 per machine-hour C. $192.50 per machine-hour D. $211.00 per machine-hour
Which one of the following is not an example of human capital advantage?
a. An employer implements the ideas offered to him by his talented staff b. An employer finds out her employee is a former junior diplomat to China and uses her knowledge and networks to access the Chinese market c. An employer implements an IT monitoring system that ensures his staff are as efficient and productive as possible d. An employer appoints a student with an MBA to a new managerial position
Centore Inc. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In ProcessFinished GoodsCost of Goods SoldTotalDirect materials$650 $7,590 $24,860 $33,100 Direct labor 2,180 20,700 67,800 90,680 Manufacturing overhead applied 930 7,130 22,940 31,000 Total$3,760 $35,420 $115,600 $154,780 Manufacturing overhead for the month was underapplied by $3,000.The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those
accounts. The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for June would include the following: A. debit to Cost of Goods Sold of $2,220 B. credit to Cost of Goods Sold of $2,220 C. debit to Cost of Goods Sold of $115,600 D. credit to Cost of Goods Sold of $115,600
In Certified Fire Protection v. Precision Construction, Precision accepted a winning bid from Certified for it to install a fire suppression sprinkler system. Later the two parties got into a fight over some details in the contract, which was never signed. The courts held that the contract was enforceable as all major terms were clear
a. True b. False Indicate whether the statement is true or false