In a process costing system, manufacturing overhead applied is usually recorded as a debit to:

A. Cost of goods sold.
B. Manufacturing overhead.
C. Work-in-process.
D. Finished goods.


Answer: C

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Accounts receivable turnover is calculated by dividing ________________________________________ by average net accounts receivable

Fill in the blank(s) with correct word

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After several months of training, the Air Force Special Operations team has developed high loyalty and trust, and there are clear patterns of communications among the members. The Special Operations team is in which stage of group development?

A. forming B. storming C. norming D. performing

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In highly formalized organizations, employees have more discretion in how they do their work.

Answer the following statement true (T) or false (F)

Business

A stereo mail order center has 8,000 cubic feet available for storage of its private label loudspeakers

The ZAR3 speakers cost $295 each and require 4 cubic feet of space; the ZAR2ax speakers cost $110 each and require 3 cubic feet of space; and the ZAR4 model costs $58 and requires 1 cubic foot of space. The demand for the ZAR3 is at most 20 units per month. The wholesaler has $100,000 to spend on loudspeakers this month. Each ZAR3 contributes $105, each ZAR2ax contributes $50, and each ZAR4 contributes $28. The objective is to maximize total contribution. Formulate this problem as a linear program.

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