Which of the following statements is true about the full-costing method?
a. The cost of a dry well would be written off immediately as a loss.
b. All costs are recorded as assets, and then depleted over the resource's useful life.
c. All costs are written off immediately as a loss.
d. All costs are recorded as assets, but remain on the books as assets.
B
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Which of the following are included in the employer's payroll taxes?
a. SUTA taxes b. FUTA taxes c. social security taxes d. all are included in employer taxes
Opinion leaders are
A. people who influence others. B. rarely involved in product-related discussions with the people who "follow" them. C. usually wealthier than others. D. usually better educated than others. E. All these answers are correct.
The purpose of supply chain design is to shape a firm's supply chain to meet the competitive priorities of its operations strategies
Indicate whether the statement is true or false
Stoke Corporation has two production departments, Forming and Assembly. 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 Assembly 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: FormingAssemblyMachine-hours 20,000 15,000Direct labor-hours 2,000 7,000Total fixed manufacturing overhead cost$138,000$58,100Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $3.00 During the current month the company started and finished Job A460. The following data were recorded
for this job: Job A460:FormingAssemblyMachine-hours 80 10Direct labor-hours 30 50The amount of overhead applied in the Assembly Department to Job A460 is closest to: A. $79,100.00 B. $565.00 C. $150.00 D. $415.00