The three distinct types of cost to a manufacturer are direct materials, direct labor, and manufacturing overhead
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
McDonald Corp owns a building with an original cost of $2,000,000 and accumulated depreciation at the balance sheet date of $300,000 . Based on a recent appraisal, the fair value of the building is $1,800,000. Required: 1 . At what amount will the
building be reported on the year-end balance sheet if McDonald follows U.S. GAAP? 2 . Does McDonald have a choice in the amount to report for the building if instead it follows IFRS? What are those choices?
What are the situations in which guarantees are most effective?
What will be an ideal response?
What is threat of new entrants?
A. The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services). B. High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market. C. High when there are many alternatives to a product or service and low when there are few alternatives from which to choose. D. The ability of buyers to affect the price they must pay for an item.
Which of the following statements concerning laptop computers is true?
A) Laptop computers cannot access crucial systems remotely. B) Laptops require salespeople to use strict scripts instead of customized demos. C) Most salespeople use laptops during sales presentations. D) Smartphones have replaced the use of laptops in sales presentations. E) Presentation tools such as PowerPoint presentations rarely run well on laptops.