The Work-in-Process Inventory account of a manufacturing firm shows a balance of $3,000 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $500 and $300 for materials, and charges of $400 and $600 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:
A. 40%.
B. 300%.
C. 83%.
D. 120%.
Answer: D
You might also like to view...
A business's return on assets is ________
A) net profit multiplied by assets B) net profit divided by assets multiplied by 100% C) assets divided by net profit D) net marketing contribution divided by assets E) net marketing contribution multiplied by assets
Network protocols fulfill all of the following objectives except
a. facilitate physical connection between network devices b. provide a basis for error checking and measuring network performance c. promote compatibility among network devices d. result in inflexible standards
Which of the following statements about illegal and inappropriate interview questions is accurate?
A) Inappropriate questions become illegal only when a court of law determines that the employer is asking them with the intent to discriminate. B) In addition to federal laws prohibiting employment discrimination, many state and city laws prohibit employment discrimination based on factors such as sexual orientation. C) Most illegal interview questions are asked innocently by inexperienced interviewers. D) All these statements are accurate.
Martha is from a culture that has a tightly knit social framework. She is a part of a non-governmental organization in which the members strongly depend on each other and value group decisions. It is evident that Martha belongs to a culture that is characterized by _____.
A. individualism B. collectivism C. communalism D. socialism