What type of collusion does the Supreme Court refer to as "the supreme evil of antitrust"?
A. price-fixing
B. reciprocal dealing
C. price discrimination
D. vertical mergers
Answer: A
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On June 1, Dalton Productions had beginning balances as shown in the T-accounts below.
During June, the following transaction took place:
June 2: Issued $2200 of direct materials and $700 of indirect materials to production.
What was the balance in the Manufacturing Overhead account following this transaction?
A) $43,900
B) $43,200
C) $41,700
D) $41,000
Define "promoter" in reference to a corporation
A minor can act as an agent for an adult
Indicate whether the statement is true or false
Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 7.6ounces$9.40per ounceDirect labor 0.10hours$18.00per hourVariable manufacturing overhead 0.10hours$5.30per hour?The company has reported the following actual results for the product for July: Actual output 7,600unitsRaw materials purchased 63,000ouncesActual cost of raw materials purchased$541,880 Raw materials used in production 57,750ouncesActual direct labor-hours 820hoursActual direct labor cost$16,072 Actual variable overhead cost$4,592 ?The labor rate variance for the month is
closest to: A. $1,216 F B. $1,312 U C. $1,312 F D. $1,216 U