If the predetermined overhead allocation rate is 75% of direct labor cost, and the Assembly Department's direct labor cost for the reporting period is $20,000, the following entry would be made to record the allocation of overhead to the products processed in this department: Factory Overhead15,000 Work in Process Inventory, Assembly Dept. 15,000
Answer the following statement true (T) or false (F)
False
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A polysaccharide is a polymer made up of which kind of monomers?
A. nucleotides B. fatty acids and glycerol C. alternating sugar and phosphate groups D. amino acids E. simple sugars
A local distributor for a Belgian chocolate manufacturer expects to sell 12,000 cases of chocolate truffles next year. The annual holding costs for the truffles are $16 per case per year. The ordering cost is $60 per order. The distributor operates 320 days a year. Then there will be ______.
A. three orders per month B. 40 orders per year C. one order every week D. two orders every month
Hedge funds larger than $250 million must register with the Securities and Exchange Commission and provide some information as to trades and their individual portfolios
Indicate whether the statement is true or false
A ________ is a business entity that DOES NOT provide liability protection for the business owners.
a. C Corporation b. S Corporation c. Limited Liability Company (LLC) d. Sole Proprietorship or Partnership