Conducting a quality audit is an appraisal cost

Indicate whether the statement is true or false


T

Business

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Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept

Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Assume that Administration costs have been allocated and the balance in Personnel is $860,000 . What amount is allocated to A (round to the nearest dollar)? a. $213,964 b. $106,982 c. $430,000 d. $0

Business

Which performance plan is most tied to company objectives?

a. profit sharing b. pensions c. piece rate d. merit pay

Business

Why is the appearance and functionality of a service company's Web site important?

What will be an ideal response?

Business

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

Financial accounting standard setting in New Zealand has remained within the private sector.

Business