The credit balance in factory overhead indicates which of the following?
a. Overhead applied to finished goods.
b. Overhead applied to work in process.
c. Placement of indirect costs into factory overhead.
d. Overhead applied to cost of goods sold.
e. Cost of goods sold applied to work in process.
b
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Divisional departmentalization ______.
a. organizes departments around the needs of customers b. establishes separate units in each area in which the enterprise does business c. organizes departments around goods or services d. is based on semiautonomous strategic business units
Differentiate between particular average and general average
What will be an ideal response?
Everything But Water, a retailer of swimwear, employs a commonly used cost-based pricing method called
A. value pricing. B. cost-plus pricing. C. cost discounting. D. differential pricing. E. markup pricing.
Whenever Jeff buys a box lunch at Heavenly Ham, he gets a stamp on his "Lunch Bunch" card. When he has 10 stamps, he can exchange the card for a free box lunch. This is an example of a(n):
A. self-liquidating premium B. frequent buyer program C. loyalty incentive D. in-store rebate E. consumer allowance