One of the provisions of the American Inventors Protection Act of 1999 is that:
A) The power to regulate invention promoters was transferred to the Department of Justice.
B) Inventors are able to file a provisional application granting provisional rights pending the
filing of a final application within three months.
C) The legal life of a patent was extended to 20 years.
D) The Patent and Trademark Office must make a decision on a patent application within
five years after its filing.
B
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Expressly false statements can result in breach-of-warranty lawsuits.
Answer the following statement true (T) or false (F)
Which term below is one of the types of individual-level performance-based pay?
A. merit pay B. employee stock ownership plan C. profit sharing D. gain sharing
Parker Corporation has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours, respectively. In June, Job #461 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour. At the end of the year it was determined that the company worked 24,000 direct labor-hours for the year and incurred $54,000 in actual manufacturing overhead costs.If Job #461 contained 100 units, the unit product cost on the completed job cost sheet would be: (Round your intermediate calculations to 2 decimal places.)
A. $62.50 B. $55.00 C. $61.75 D. $63.10
A ninety percent learning curve is steeper than an eighty percent learning curve
Indicate whether the statement is true or false.