Direct labor is a fixed cost because it always occurs
Indicate whether the statement is true or false
F
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The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of
competitors." A) copyright B) trademark C) slogan D) brand E) logo
Which of following sentences uses knowledge as the object of a preposition?? A) ?The pursuit of knowledge should be a goal for everyone
B) ?Francis Bacon, an English author and philosopher, said, "Knowledge is power." C) The biochemistry exam included many knowledge questions.
Eisentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 16,000 11,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$104,000$56,400Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.30During the current month the company started and finished Job T272. The following data
were recorded for this job:Job T272:MachiningCustomizingMachine-hours 60 30Direct labor-hours 10 60The amount of overhead applied in the Machining Department to Job T272 is closest to: (Round your intermediate calculations to 2 decimal places.) A. $516.00 B. $137,600.00 C. $126.00 D. $564.00
Which of the following expresses the effect of the D'Oench, Duhme doctrine in relation to federally insured banks?
a. It makes it harder for federal agencies to bring criminal charges against bank officials who negligently, but not intentionally, made bad loans. b. It makes it easier for federal agencies to bring criminal charges against bank officials who negligently, but not intentionally, made bad loans. c. It makes it harder for federal agencies to collect on outstanding loans by specifically providing that an oral loan commitment is enforceable so long as at least two bank officials confirm the existence of the oral agreement and there is no indication that the debtor involved acted in an illegal manner. d. It makes it easier for federal agencies to collect on outstanding loans by barring enforcement of any agreements unless the agreements are in writing and approved contemporaneously by the bank's board or loan committee and recorded in the bank's written records.