The Work in Process Inventory account of a manufacturing company has a $3,200 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1,400 and direct labor cost of $800. Therefore, the amount of applied overhead is:
A. $2,400.
B. $1,800.
C. $2,200.
D. $1,000.
E. $800.
Answer: D
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Major Corporation wants to acquire control of Forte Company. What are some legal steps Forte can take to resist a hostile takeover?
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