Mirabella Company assigns direct materials, direct labor and both variable and fixed overhead to its product costs. Mirabella Company is using
A) absorption costing
B) variable costing
C) batch costing
D) composite costing
A) absorption costing
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________ torts are those wherein the defendant took some purposeful action that he or she knew, or should have known, would harm the plaintiff
A) Negligent B) Reckless C) Intentional D) Strict liability
Purchasing personnel need not worry about a tiny difference in price when a large quantity is being bought.
Answer the following statement true (T) or false (F)
A company that attempts to grab a larger market share by doing more functions internally, such as taking direct control of its manufacturing or retailing:
a. is not constrained by the antitrust laws b. is subject to restrictions under the Sherman Act c. is constrained by the Clayton Act from becoming too large d. will be forced by the FTC Act to end certain phases of its activities e. none of the other choices
What percentage of its Investment in 123 was sold by ABC?
ABC Inc. purchased 35,000 voting shares out of 123 Inc.'s 50,000 outstanding voting shares for $350,000 on January 1, 2018. On the date of acquisition, 123's common shares and retained earnings were valued at $120,000 and $180,000, respectively. 123's book values approximated its fair values on the acquisition date with the exception of a patent and a trademark, neither of which had been previously recorded. The fair values of the patent and trademark on the date of acquisition were $30,000 and $20,000 respectively. On January 2, 2018, ABC sold 14,000 shares of 123 on the open market for $98,000. ABC Inc. uses the equity method to account for its investment in 123 Inc. A) 28% B) 14% C) 40% D) 21%