U.S. Americans make more adjustments to their opponents' behavior than do people of other cultures
Indicate whether the statement is true or false.
F
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A professional can never be found liable in negligence to a plaintiff in the absence of a
contractual relationship between the two. Indicate whether the statement is true or false
On June 1, Dalton Productions had beginning balances as shown in the T-accounts below
Raw Materials Inventory 10,000 Work-in-Process Inventory 20,000 Finished Goods Inventory 25,000 Manufacturing Overhead 41,000 During June, the following transactions took place: June 2: Issued $2,200 of direct materials and $700 of indirect materials to production. What was the balance in the Manufacturing Overhead account following this transaction? A) $43,900 B) $43,200 C) $41,700 D) $41,000
Informal contracts are usually based on their substance rather than their form.
Answer the following statement true (T) or false (F)
Decorte Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data:Total direct labor-hours10,000Total fixed manufacturing overhead cost$ 33,000Variable manufacturing overhead per direct labor-hour$ 2.50 Recently, Job K332 was completed with the following characteristics:Number of units in the job70Total direct labor-hours140Direct materials$ 455Direct labor cost$ 5,320The total job cost for Job K332 is closest to:
A. $6,132 B. $6,587 C. $1,267 D. $5,775