The Quadrangle Fabrication Plant suffered a fire incident at the beginning of the year, which resulted in the loss of property including the accounting records. Some data for the year were retrieved, and extracts from it are shown below:
The company's manufacturing overhead allocation is based on direct labor hours. How much manufacturing overhead was allocated to production during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $104,560
B) $66,528
C) $164,309
D) $186,000
B) $66,528
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The Car Service Center has the design capacity to perform an average of 60 repairs per day. The effective capacity of this repair shop is an average of 40 repairs per day, while the actual repairs number an average of 36 per day. Given this information, the capacity efficiency percentage is ______.
A. (36/40) x 100% B. (36/60) x 100% C. (40/60) x 100% D. ((36 x 40)/60) x 100%
Ricardo is a shareholder of Speedy Bikes Company (SBC). When the directors fail to undertake an action to redress a wrong suffered by SBC, Ricardo files a suit on the firm's behalf. Any damages recovered by Ricardo's suit will normally go to
a. Ricardo. b. SBC. c. SBC's directors. d. the state in which SBC is incorporated.
SBA loans are delivered directly to the small business and bypass the need for a commercial bank
Indicate whether the statement is true or false.
With a futures contract, an investor cannot lose more than the price of the contract itself
Indicate whether the statement is true or false.