Renee opened her business with the intention of importing goods from Brazil and selling them in the United States. We could say that this business is
A. an exporter.
B. born-global.
C. ready to launch offshoring.
D. a trade mission.
Answer: B
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Which of the following is true of flexible factories?
A. They move parts down the line from one location in the production sequence to the next. B. They generate high volumes of a standardized product. C. They have long production runs. D. They use centralized scheduling, in which decisions are made on the shop floor. E. They are organized around products, in work cells or teams.
Mcewan 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 20,000 direct labor-hours, total fixed manufacturing overhead cost of $182,000, and a variable manufacturing overhead rate of $2.50 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:?Total direct labor-hours250?Direct materials$740?Direct labor cost$6,500Required:Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%.
What will be an ideal response?
Testor Products uses a job-order costing system with a predetermined overhead rate based on machine-hours. The company closes out any underapplied or overapplied overhead to Cost of Goods Sold.Required:If overhead is overapplied, what adjustment does the company make to Cost of Goods Sold? Is Cost of Goods Sold increased or decreased? Why?
What will be an ideal response?
Both state and federal court systems have courts of for review
a. original judgment b. appellate judgment c. original jurisdiction d. appellate jurisdiction e. final jurisdiction, where the decisions of a lower court case can be taken