Automobile makers rely heavily on aesthetic modifications.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Treasury Stock is listed in the stockholders' equity section on the balance sheet
a. True b. False Indicate whether the statement is true or false
Stangl Inc. has provided the following data for the month of September. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In ProcessFinished GoodsCost of Goods SoldTotalDirect materials$1,480 $7,410 $14,430 $23,320 Direct labor 5,280 17,670 34,410 57,360 Manufacturing overhead applied 3,770 8,700 16,530 29,000 Total$10,530 $33,780 $65,370 $109,680 Manufacturing overhead for the month was underapplied by $3,000.The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those
accounts.Required:Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied overhead for the period. What will be an ideal response?
Which of the following was not presented as data in support of liberalization of trade?
A. The proportion of children in the labor force has fallen by approximately two-thirds since 1960. B. There has been a dramatic decline in both the proportion and the absolute number of destitute people in the world, with those living in extreme poverty falling by half between 1990 and 2010. C. Life expectancy in the developing world has nearly doubled since World War II. D. More people have become better off at a faster pace in the past 60 years than at any other time in history. E. Citizens from more globally integrated countries have lower levels of civil liberties but greater economic prosperity.
Division X of O'Blarney Company has sales of $300,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. What is the profit margin for Division X?
A) 81.3% B) 20.2% C) 40.7% D) 60%