Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 4 hours at $12 per hour. During February, Jupiter Co. spent $113,400 for variable overhead. 9,150 labor hours were used to produce 2,400 units. How much is variable overhead on the flexible budget?
A. $28,800
B. $113,400
C. $115,200
D. $109,800
Answer: C
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A(n) ______ exists when parties form an agreement from their actions rather than from a specific oral or written agreement.
A. implied contract B. express contract C. personal contract D. quasi-contract
Which of the following terms is incorrectly paired with its description?
a. plan: recognize an opportunity for a financial investment b. do: test the change by implementing a small-scale pilot study. c. check: review/analyze test results and identify lessons learned d. act: take action based on what was learned from the previous step.
The ________ doctrine states that courts should apply the law of the state where the rights of the parties legally became effective
A. act of state B. vested rights C. most significant relationship D. governmental interest
Answer the following statement(s) true (T) or false (F)
1. Complexity addresses the degree to which the environment is stable. 2. The service sector accounts for 60% of the jobs in the U. S. Economy. 3. Changes in technology can have a negative impact on organizations. 4. A well-defined and broadly accepted mission is a guarantee of success. 5. The strategic management process is the action the organization takes to execute the strategy it has formulated.