Odonnel 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 total fixed manufacturing overhead cost of $36,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 10,000 direct labor-hours.The estimated total manufacturing overhead is closest to:

A. $64,000
B. $28,000
C. $36,000
D. $36,003


Answer: A

Business

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The financial reporting system is also known as the responsibility accounting/reporting system

Indicate whether the statement is true or false

Business

Coolers Inc has decided to launch a new energy drink that will have the fewest calories among its competitors

To understand the market potential for the new drink and the demographics and attitudes of consumers who are likely to buy the product, Coolers should most likely use ________. A) exploratory research B) archival research C) causal research D) experimental research E) descriptive research

Business

Under the Model Act, who has the right to call a special meeting of the shareholders to vote on an emergency issue that cannot wait until the next annual meeting?

a. The board of directors and shareholders who own at least 10 percent of a company's stock b. Any group of shareholders that is at least 25 in number and holds 25 percent of a company's stock c. The board of directors and the CEO d. Only the board of directors

Business

Netflix, Amazon, and YouTube have recently emerged as serious and successful content providers, attracting viewers away from traditional networks such as ABC, CBS, and NBC. The success of these nontraditional providers demonstrates the power in the competitive environment held by new competitors, or new entrants to the marketplace. To effectively compete with these new entrants, executives at traditional networks will take advantage of barriers to entry, such as

A. substitutes. B. distribution channels. C. smoothing. D. complements. E. buffering.

Business