Which of the following documents would not originate with the purchasing company?
A) Purchase order
B) Receiving report
C) Check
D) Invoice
D
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________ refers to the activities involved in selling products or services directly to final consumers for their personal, nonbusiness use
A) Sole sourcing B) Retailing C) Manufacturing D) Procurement E) Warehousing
Extortion of public officials is called extortion under color of official right
Indicate whether the statement is true or false
Discuss both the Gordon method and Forced Relationship creative problem solving techniques.
What will be an ideal response?
Margin Call, Inc., which uses a job-costing system, is a labor-intensive firm, with many skilled craftspeople on the payroll. Job no. 789 was the only job in process on January 1, having costs of $22,500 as of that date. Direct materials used and direct labor incurred during January were:Job No.Direct MaterialsDirect Labor789$2,000$6,0007909,00010,00079114,0008,000Job no. 791 was the only job in production as of January 31.Required: A. Should Margin Call use direct labor or machine hours as a cost driver. Why?B. Assume that the company decided to use direct labor as its cost driver. If the budgeted amounts of direct labor and manufacturing overhead are anticipated to be $200,000 and $300,000, respectively, what is the firm's predetermined overhead rate?C. Compute the cost of
work-in-process inventory as of January 31.D. Compute the cost of jobs completed during January.E. Suppose that the company sold all of its completed jobs, adding a 40% markup to cost. How much would the firm report as sales revenue? What will be an ideal response?