A company uses a perpetual inventory system. On May 1, beginning inventory consists of 10 items at a cost of $10 each. On May 3, 10 items are purchased at $12 each. On May 8, 12 items are sold. On May 15, 10 items are purchased at $14 each. Using the weighted average cost, cost of goods sold for the month ended May 31 is:
A. $132.00.
B. $230.40.
C. $144.00.
D. $228.00.
Answer: A
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Consider the budget information for Bert and Ernie Design firm: Professional labor $1,000,000 Administrative labor 200,000 Lease expense 50,000 Design equipment depreciation 25,000 Samples and books 10,000 Utilities 20,000 Professional hours 100,00 . hours Number of rooms redone 2,00 . rooms Bert and Ernie decide there are two cost pools, design support, which is assigned to jobs based on the
number of rooms redone, and facilities costs, which is assigned to jobs based on the number of professional labor hours. The design support cost pool includes design equipment depreciation and samples and books. The lease expense and utilities are considered facilities costs. What is the budgeted rate per cost driver for design support? a. $17.50 b. $35.00 c. $ 0.35 d. $ 0.70
Which of the following characterizes those high in organizational commitment and low in job involvement?
A. Institutional Stars B. Corporate Citizens C. Lone Wolves D. Apathetics
Which of the following describes the major difference between teams and groups?
a. Members of teams generally have a higher commitment to the overall goal than do members of groups. b. Teams are usually smaller than groups. c. Teams do not require leaders, while groups do. d. Teams exist indefinitely while groups exist for a limited period of time.
The CAN-SPAM Act requires spammers to label sexually oriented emails as such.
Answer the following statement true (T) or false (F)