State workers' compensation laws:
a. apply to injuries that occur in the course of employment
b. provide medical care and rehabilitation, and partial replacement of income
c. are the exclusive remedy for employees injured on the job
d. b and c
d
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Jurica Corporation has two production departments, Forming and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing 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: FormingCustomizingMachine-hours 19,000 15,000Direct labor-hours 4,000 6,000Total fixed manufacturing overhead cost$100,700$63,000Variable manufacturing overhead per machine-hour$2.00 Variable manufacturing overhead per direct labor-hour $3.90The predetermined overhead rate for the Customizing Department is closest to:
A. $14.40 per direct labor-hour B. $3.90 per direct labor-hour C. $4.55 per direct labor-hour D. $10.50 per direct labor-hour
A product may be processed beyond the split-off point if management believes that
a. its marketability will be enhanced. b. the incremental cost of further processing will be less than the incremental revenue of further processing. c. the joint cost assigned to it is not already greater than its prospective selling price. d. both a and b.
An American employed by a foreign company in a country other than the United States ______ have the protection of U.S. equal employment opportunity laws.
A. would need to B. would C. would not D. able to
Elmore offers to sell a Ford F-150 for $7,500 to Grace. Before Grace can respond, Elmore refers to the prices for similar Fords and says, "Forget it. I changed my mind." Elmore's offer was terminated by
A. Elmore. B. Ford. C. Grace. D. no one¾Elmore's offer is still open.