Maya dies without a will. The distribution of Maya's estate is prescribed by
A) Maya's closest relatives
B) codicil.
C) intestacy laws.
D) will substitutes.
C
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Which of the following was the first major antitrust law?
A. Celler-Kefauver Antimerger Act. B. Sherman Act. C. Federal Trade Commission Act. D. Clayton Act.
Which of these is a second dimensional action in the trial stage of the identity theft?
a. Larger thefts, often involving personal interaction, without much chance of getting caught. b. Smallest thefts that lay down a solid foundation for the perpetrator to commit identity theft. c. Largest thefts committed after perpetrators have confidence that their schemes are working. d. Small thefts to test the stolen information.
The failure rate for new products is high.
Answer the following statement true (T) or false (F)
Pizzazz Pizza Inc.'s activity based flexible budget is as follows:Pizzazz Pizza, Inc.Monthly Flexible Overhead Budget Budgeted Cost Level of Activity Cost Pool I (cost driver: process hours) 6,000 7,500 9,000 Indirect material: Nonstick cooking spray$ 12,000 $ 15,000 $ 18,000 Foil2,000 2,500 3,000 Other paper products.2,000 2,500 3,000 Miscellaneous supplies6,000 7,500 9,000 Indirect labor: maintenance4,000 5,000 6,000 Utilities: Electricity 3,000 3,750 4,500 Natural gas1,000 1,250 1,500 Total of cost pool I$ 30,000 $ 37,500 $ 45,000 Cost Pool II (cost driver: production runs)8 12 16 Indirect labor: Inspection$ 2,200 $ 3,300 $ 4,400 Setup3,000 4,500 6,000 Total of cost pool II$ 5,200 $ 7,800 $ 10,400 Cost Pool III (cost driver: new Pizzas
tested)20 30 40 Test kitchen$ 1,200 $ 1,800 $ 2,400 Total of cost pool III$ 1,200 $ 1,800 $ 2,400 Cost Pool IV (cost driver: pounds of material handled)20,000 30,000 40,000 Material handling$ 2,000 $ 3,000 $ 4,000 Total of cost pool IV$ 2,000 $ 3,000 $ 4,000 Cost Pool V (facility level costs) Indirect labor: production supervisors$ 6,000 $ 6,000 $ 6,000 Depreciation: plant and equipment500 500 500 Insurance and property taxes100 100 100 Total of cost pool V$ 6,600 $ 6,600 $ 6,600 Total overhead cost$45,000 $56,700 $68,400 Pizzazz's activity for September is as follows:Process Hours7,500Production Runs16New Pizza combinations tested30Direct material handled (in pounds)40,000Required:1. Determine the flexible budgeted cost for each of the following: a. Indirect material b. Utilities c. Inspection d. Test kitchen e. Material handling f. Total overhead cost 2. Compute the variance for setup cost during the month, assuming that the actual setup cost was $3,000: Using the activity-based flexible budget. What will be an ideal response?