Interpreting is deciding the meaning and importance of the information in various reports
Indicate whether the statement is true or false
true
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When legitimate authority governs social interactions it is known as ______.
A. market control B. clan control C. performance ambiguity D. bureaucratic control
Special purpose entities (SPE) are:
a. a type of illegal maneuver used by Enron to hide losses. b. business interests formed solely to accomplish a specific task or tasks. c. independent if the company itself has 3% of its equity invested, and the equity is at risk. d. considered independent if they are profitable and have outside bank loans.
The full amount of a lease payment is tax deductible provided the contract qualifies as a true lease under IRS guidelines.
Answer the following statement true (T) or false (F)
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 3,700DLHsOverhead costs at the denominator activity level: Variable overhead cost$28,490 Fixed overhead cost$47,545 ?The following data pertain to operations for the most recent period: Actual hours 3,900DLHsStandard hours allowed for the actual output 3,850DLHsActual total variable manufacturing overhead cost$29,445 Actual total fixed manufacturing overhead cost$47,995 The predetermined overhead rate per MH is closest to:
A. $19.86 per MH B. $20.55 per MH C. $19.50 per MH D. $20.93 per MH