What are the two main reasons for the effects of social influence?
a. Power and conformity
b. Conformity and obedience
c. Normative and informational influence
d. Obedience and normative influence
c. Normative and informational influence
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________ are relationships with other entities, such as competing firms or government.
a. Competitive relationships b. Horizontal relationships c. Thorough relationships d. Vertical relationships
Anchor Corporation has two service departments, Personnel and Engineering, and two operating departments. The costs of the Personnel Department are allocated to other departments on the basis of the number of employees in the departments. Departments and number of employees are as follows: EmployeesPersonnel Department10Engineering Department20Operating Department 175Operating Department 295Total employees200? ?Costs in the Personnel Department total $168,283 per year.? ?Suppose the company uses the direct method of allocation. The amount of Personnel Department cost that would be allocated to Operating Department 2 would be closest to:
A. $84,141.50 B. $0 C. $94,040.50 D. $79,934.43
Tara Company owns 80 percent of the common stock of Stodd Inc. In the current year, Tara reports sales of $5,000,000 and cost of goods sold of $3,500,000. For the same period, Stodd has sales of $500,000 and cost of goods sold of $400,000. During the year, Stodd sold merchandise to Tara for $40,000 at a price based on the normal markup. At the end of the year, Tara still possesses 20 percent of this inventory. Prepare the consolidation entry to defer intra-entity gross profit.
What will be an ideal response?
Gerstein Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $90,000, variable manufacturing overhead of $3.70 per direct labor-hour, and 50,000 direct labor-hours. The company recently completed Job M800 which required 150 direct labor-hours.The amount of overhead applied to Job M800 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $1,380 B. $825 C. $555 D. $270