Failure to file as a result of a taxpayer not having the sufficient funds to pay the tax liability is an example of reasonable cause
a. True
b. False
Indicate whether the statement is true or false
False
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Software development costs are treated as R&D expense until technological feasibility of the product is established
Indicate whether the statement is true or false
There is only one office software suite available to law firms
Indicate whether the statement is true or false
Crystal has received a special order for 2,000 units of its product. The product normally sells for $200 and has the following manufacturing costs: Per unitDirect materials $60Direct labor 40Variable manufacturing overhead 30Fixed manufacturing overhead 20Unit cost $150 Crystal is currently operating at full capacity and cannot fill the order without harming normal production and sales. What minimum price should Crystal charge to earn an incremental profit of $50,000?
A. $225 B. $175 C. $200 D. $155
Weston, Inc., produces widgets. To manufacture a new type of widget, it took 23 iterations before the process reached a steady state of 36 hours. If Weston has a 98% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 40.38 hours b. 39.44 hours c. 38.02 hours d. 37.08 hours