The K Street corridor is known for which of the following?
a. Most government corporations and agencies reside on this street.
b. Lobbyists use the street to "ambush" members of Congress on their way to work.
c. Congressional staffers usually live on this street.
d. Many lobbyists work on this street.
e.It is the street between the Capitol and congressional office buildings.
Answer: d. Many lobbyists work on this street.
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Davis Company began manufacturing operations on January 2, 2018. During 2018 Davis reported pre-tax book income of $85,000 and had taxable income of $75,000. Davis had a temporary difference relating to a prepaid asset which will be expensed as follows for book purposes: 2019$7,5002020$2,500The enacted tax rates are 30% for 2018 and 2019; and 40% for subsequent years.If Davis paid no estimated taxes, income tax payable at the end of 2018 is:
A. $22,500. B. $30,000. C. $27,500. D. $36,000.
Which of the following dimensions of job characteristics theory is the degree to which the job is seen as having an impact on others?
A. skill variety B. task identity C. task significance D. autonomy
Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor
Allen uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit; $11 per pound Direct labor: 4 hours per unit; $19 per hour Allen produced 4,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7,500 pounds of direct materials and actual total materials costs were $99,300. What is the direct materials efficiency variance? A) $44,000 U B) $38,500 U C) $44,000 F D) $38,500 F
Linnear Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: ?Total machine-hours30,000?Total fixed manufacturing overhead cost$144,000?Variable manufacturing overhead per machine-hour$4.00Required:Calculate the estimated total manufacturing overhead for the year.
What will be an ideal response?