Activity-based costing considers non-volume-related activities that create costs such as:
a. Direct labor usage.
b. Machine operations.
c. Consumption of indirect materials and energy usage.
d. Machine setups and product design changes.
d
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Dusty delivered his car to Gage's Garage for some routine repairs and at the time of delivery, was advised that the car would be ready in two days. That night, Dusty's car was stolen from the garage and was never recovered
If Dusty takes legal action against Gage in order to recover the value of the car, what will be the legal position? A) Dusty will not be able to recover the value of the car from Gage as he will be deemed to have assumed the risk of its loss. B) The garage operators will be deemed to have absolute liability for all goods lost in their possession. C) Dusty will have to prove that the garage operators were involved in the theft. D) Gage will not be found liable if it can show that it took reasonable measures to safeguard the car. E) The court will impose a very high standard of care on Gage which must show that it took every precaution to safeguard the car.
The main sources of cash outflows for most people are
A) every expenditure is a cash outflow. B) mortgage or rent payments. C) car payments. D) college loan payments.
Under the Affordable Care Act of 2010, if an individual does not have medical insurance coverage in 2016, they will
A) still not have to pay 100% of their medical expenses if they cannot afford them. B) be subject to a tax penalty of up to 2.5% of income or $695 per adult. C) only have to pay 75% of billed medical expenses. D) be subject to a $250 fine.
General economic conditions at the time a loan is made will be taken into account in setting credit standards
a. True b. False Indicate whether the statement is true or false