What does SEC stand for?
a. Security and Equality Committee
b. Standard Electric Company
c. Securities and Exchange Commission
d. Secondary Equilibrium Clause
e. Secure Economy Clause
c. Securities and Exchange Commission
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In your outline, your main points will be represented with
a. Roman numerals I, II, III, etc. b. lowercase letters a, b, c, etc. c. capital letters A, B, C, etc. d. Arabic numbers 1, 2, 3, etc.
A manufacturer of breakfast cereals has the opportunity to purchase barley at $3.00 a bushel for 10,000 bushels, if it also buys 5,000 bushels of wheat at $16.00 per bushel
However, the manufacturer does not use any barley in its products, and currently needs 20,000 bushels of wheat. If the current market price of barley is $3.80 per bushel and that of wheat is $15.80 per bushel, should this opportunity be taken, and why? A) Because the company has no need of barley, the opportunity should not be taken. B) Because the opportunity does not meet the company's need for wheat, the opportunity should not be taken. C) Because the value of the opportunity is positive, the opportunity should be taken. D) Because the value of the opportunity is negative, the opportunity should not be taken.
Answer the following statement(s) true (T) or false (F)
Sampling error relates to how well a population approximates the characteristics of a sample.
Teehan, Inc., manufactures and sells two products: Product U2 and Product W5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected ProductionDirect Labor-Hours Per UnitTotal Direct Labor-HoursProduct U24006.02,400Product W52008.01,600Total direct labor-hours 4,000The direct labor rate is $20.40 per DLH. The direct materials cost per unit for each product is given below: Direct MaterialsCost per UnitProduct U2$249.40 Product W5$164.40 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: EstimatedExpected ActivityActivity Cost PoolsActivity MeasuresOverhead CostProduct U2Product
W5TotalLabor-relatedDLHs$92,1202,4001,6004,000Machine setupssetups 18,4685007001,200Order sizeMHs 202,5473,1002,8005,900 $313,135 The overhead applied to each unit of Product W5 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $521.89 per unit B. $718.73 per unit C. $626.24 per unit D. $480.62 per unit