Use this inventory information for the month of August to answer the following question. Aug. 1 Beginning inventory 10 units @ $130 5 Purchase 60 units @ $122 14 Sale 40 units 21 Purchase 30 units @ $126 31 Sale 28 units Assuming that a perpetual inventory system is used, what is ending inventory on a FIFO basis?
A) $3,904
B) $3,984
C) $4,024
D) More information is needed.
C
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When job seekers go through the __________ process, they consider opportunities that match with their personal priorities.
a. career exploration b. salary negotiation c. priority exploration d. contract negotiation
Which statement is not true about simulated test markets?
A) While a firm's test marketing is in progress, competitors have an opportunity to beat it to the national market. B) Competitors often take actions such as increasing their promotional efforts to contaminate the test marketing program. C) Both A and B are not true about simulated test markets. D) They yield mathematical estimates of market share based on initial reaction of consumers to a new product.
Bonnie Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $14 per hour. The standard variable overhead rate is $10 per hour. During March, employees worked 13,100 hours. The direct labor rate variance was $9,170 favorable, the variable overhead rate variance was $13,100 unfavorable, and the direct labor efficiency variance was $15,400 unfavorable. What is the actual variable overhead?
A. $117,900 B. $144,100 C. $183,400 D. $131,000
A firm's net income is the most appropriate measure to determine whether the management is maximizing the firm's stock price.
Answer the following statement true (T) or false (F)