The vertical axis on a run chart is the time scale
a. True
b. False
Indicate whether the statement is true or false
False
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What are the first four work values identified by Hofstede?
What will be an ideal response?
Statutory restrictions on dividend payments include all of the following EXCEPT
A) if the dividend is being paid from capital invested in the firm. B) if, because of the dividend payment, the firm intends to sell new common stock to fund its capital budget. C) if liabilities exceed assets. D) if the amount of the dividend exceeds the firm's retained earnings.
Dancel Corporation has two production departments, Milling and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:??MillingFinishing?Machine-hours17,00014,000?Direct labor-hours1,0006,000?Total fixed manufacturing overhead cost$91,800$64,200?Variable manufacturing overhead per machine-hour$2.00??Variable manufacturing overhead per direct labor-hour?$3.40During the current month the company started and finished Job M565. The following data were
recorded for this job:?Job M565:MillingFinishing?Machine-hours7020?Direct labor-hours1040?Direct materials$750$360?Direct labor cost$340$1,360Required:a. Calculate the total amount of overhead applied to Job M565 in both departments.b. Calculate the total job cost for Job M565.c. Calculate the selling price for Job M565 if the company marks up its unit product costs by 20% to determine selling prices. What will be an ideal response?
Countywide Metals is a small company that incorporates in the state in which it is doing business and plans to offer and sell $100,000 worth of stock only to residents of the county in which it is doing business. Discuss the requirements Countywide must meet for registering its securities