According to the American Management Association, of the 721 senior-level professionals interviewed, where are most training dollars in these organizations being spent?
A) Basic job skills
B) Technology skills
C) Communication skills
D) Customer relation skills
E) Leadership skills
Answer: C
Explanation: C) The American Management Association found that of the 721 senior-level professionals interviewed, 66% said they invested company resources in training their employees in communication skills—more than any other kind of professional activity.
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If the applied overhead is more than actual overhead, which of the following is part of the entry?
a. A credit to the Overhead account b. A debit to the Overhead account c. A debit to the Cost of Goods Sold account d. A debit to the Work in Process Inventory account
Varela Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$5.95Direct labor$3.30Variable manufacturing overhead$1.60Fixed manufacturing overhead$3.00Fixed selling expense$0.50Fixed administrative expense$0.40Sales commissions$1.50Variable administrative expense$0.50 For financial reporting purposes, the total amount of period costs incurred to sell 4,000 units is closest to:
A. $3,600 B. $7,700 C. $11,600 D. $8,000
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What will be an ideal response?
A company issued 180 shares of $100 par value common stock for $21,400 cash. The total amount of paid-in capital in excess of par is:
A. $3400. B. $1800. C. $21,400. D. $100. E. $18,000.