Reade Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead$289,520 Budgeted hours 28,000machine-hours Standard hours allowed for the actual production 25,200machine-hours Total actual manufacturing overhead$321,915 Actual hours 27,700machine-hours ?The total manufacturing overhead is underapplied or overapplied by how much?
A. $32,395 Overapplied
B. $61,347 Overapplied
C. $61,347 Underapplied
D. $32,395 Underapplied
Answer: C
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A rumor has been going around that Great Western Beef Co., Inc., is closing its packing plant in Lincoln, Nebraska. According to the rumor, a local health department official stopped a truck on its way through the front gate of the plant and discovered that it was full of dead cats. Subsequent investigation revealed that the company had been augmenting its alleged beef products with cat meat. As president of the company, Todd knows that this is absurd-all except the part about the plant closing, which is a consequence of company restructuring. He and his chief information officer have dealt with damage control internally, but the issue still needs to be addressed with the public at large. Todd should
A. do his best to ignore the rumor entirely and reply "no comment" to any questions because the plant closings are really an internal company matter. B. hold a press conference personally, announce that the plant is closing, and explain why without alluding to the rumor. C. have the chief information officer address the cat rumor through a press conference and a series of television commercials. D. put together an advertising campaign that portrays Great Western as an all-American company that has fallen on hard times and regrettably must restructure. E. arrange for one of the front-line workers to go before the media and explain that he has worked at the plant for years and never seen anything odd in the meat there.
China today is a clear example of a nation that has chosen the following policies EXCEPT:
A) control and manage the value of its currency B) conduct an independent monetary policy C) full financial integration in an attempt to stimulate its domestic economy D) restrict the flow of capital into and out of the country
WLAN clients, routers, and access points may be dependent upon how their wireless antennas are positioned
Indicate whether the statement is true or false
In the absence of taxes, transaction costs, or changes in a firm's operating or investment policies
A) the greater the payout ratio, the greater the share price of the firm. B) the price of a share of stock is not affected by dividend policy. C) the firm should retain earnings so stockholders will receive a capital gain. D) the firm should pay a dividend only after current equity financing needs have been met.