If there is a credit balance in the Payroll Payable at the end of the accounting period, it represents
A) the amount by which applied payroll was greater than actual payroll.
B) the amount by which actual payroll was greater than applied payroll.
C) labor costs which have not been paid.
D) an amount that should be charged to Cost of Goods Sold.
C
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Corporations are governed by federal law.
Answer the following statement true (T) or false (F)
Activity drivers can be classified as either ____ or ____
A) unit-level; non-unit-level B) exact; inexact C) inputs; outputs D) right; wrong
A company identified the following partial list of activities, costs, and activity drivers expected for the next year:ActivityExpected CostsCost DriverExtrusion costs$83,600 Number batches madeHandling costs$8,800 Number of orders filledPackaging costs$40,500 Number of units made Product AProduct BProduction volume 750,000units 600,000unitsBatches made 200batches 750batchesOrders filled 75 200 Calculate activity rates for each of the three activities using activity-based costing (ABC).
A. Extrusion: $88 per order; handling: $32 per unit; packaging: $0.03 per batch. B. Extrusion: $418 per batch; handling: $117.33 per order; packaging: $0.054 per unit. C. Extrusion: $304 per batch; handling: $32 per unit; packaging: $0.03 per unit. D. Extrusion: $88 per batch; handling: $32 per order; packaging: $0.03 per unit. E. Extrusion: $118.13 per batch; handling: $44 per order; packaging: $0.0675 per unit.
The beta of Stock A is 2.1. The risk-free rate is 6 percent, and the market return is 13 percent. The expected rate of return of Stock A is 15.5 percent. Based on the above information, which of the following statements is true?
A. An investor should buy Stock A because its expected rate of return is less than the required rate of return. B. An investor should buy Stock A because its expected rate of return is greater than the required rate of return. C. An investor should not buy Stock A because its expected rate of return is greater than the required rate of return. D. An investor should not buy Stock A because its expected rate of return is less than the required rate of return. E. An investor should be indifferent towards buying or selling the stock.