Product cost under variable costing is calculated as:
a. direct material + direct labor + variable overhead + fixed manufacturing overhead.
b. direct material + direct labor + variable overhead.
c. selling and administration + fixed manufacturing overhead + variable overhead.
d. direct material + selling and administration + fixed manufacturing overhead.
b
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[The following information applies to the questions displayed below.] Tarnish Industries produces miniature models of farm equipment. These collectibles are in great demand. It takes two operations, molding and finishing, to complete the miniatures. Next year's expected activities are shown in the following table: MoldingFinishingDirect labor hours 75,000DLH 160,500DLHMachine hours 98,000MH 81,500MHTarnish Industries uses departmental overhead rates and is planning on a $2 per machine hour overhead rate for the molding department. Compute the estimated manufacturing overhead cost for the molding department given the information shown in the table.
A. $321,000 B. $195,000 C. $196,000 D. $471,000 E. $163,000
Verbal language includes hand and arm gestures, eye contact and movement, facial expressions, the position of your body, and your overall appearance. _________________________
Answer the following statement true (T) or false (F)
A ________ tax code imposes a larger tax rate on a higher income and a smaller tax rate on lower incomes
A) convex B) concave C) proportional D) flat-rate
Simulations can be used to teach production and process skills; however, they cannot be used to teach management and interpersonal skills.
Answer the following statement true (T) or false (F)