Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 7200 direct labor-hours will be required in August. The variable overhead rate is $1.80 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $100,380 per month, which includes depreciation of $8970. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
A. $104,370
B. $113,340
C. $12,960
D. $91,410
Answer: A
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McDonald Corp owns a building with an original cost of $2,000,000 and accumulated depreciation at the balance sheet date of $300,000 . Based on a recent appraisal, the fair value of the building is $1,800,000. REQUIRED: 1 . At what amount will the
building be reported on the year-end balance sheet if McDonald follows U.S. GAAP? 2 . Does McDonald have a choice in the amount to report for the building if instead it follows IFRS? What are those choices?
Which of the following is a disadvantage of using focus groups to conduct primary research?
A) Observations made in focus groups must be augmented by detailed surveys over larger populations. B) Participants in focus groups are chosen at random, without considering their relevance to the subject. C) The setting in a focus group is considered by many to be artificial. D) The method does not attempt to discover the motives behind consumer behavior.
Littlejohn (1989) distinguishes between four levels of communication, which of the following is NOT one of those?
a. Dyadic communication b. Small group communication c. Big group communication d. Mass communication
Reliability refers to the degree to which the evaluation achieves the desired results.
Answer the following statement true (T) or false (F)