Jensen Company reports the following:
?
Direct materials used$345,000Direct labor incurred 250,000Factory overhead incurred 400,000Operating expenses 175,000?
?
Jensen Company's period costs are
A. $345,000
B. $250,000
C. $400,000
D. $175,000
Answer: D
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The document that lists the total cost for a single job is a
A) job-order cost sheet B) materials requisition form C) time ticket D) purchase order E) none of these
Larue buys aniPod for $150 and a new laptop for $1,200, and signs a one-year employment contract for a $4,800 monthly salary to start at the beginning of the next month. The Statute of Frauds covers
a. the employment contract, and the laptop and iPod purchases. b. the employment contract and the laptop purchase only. c. the employment contract only. d. the laptop and iPod purchases only.
On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The customer made the correct payment on December 5. How would Flores record the collection of cash on December 5?A.Cash7,840 Accounts Receivable 7,840B.Cash7,840 Sales Discounts160 Accounts Receivable 8,000C.Cash7,840 Sales Revenue160 Accounts Receivable 8,000D.Cash8,000 Accounts Receivable 8,000
A. Option A B. Option B C. Option C D. Option D
The key to imposing criminal liability on a company's employees is proving their active involvement or their actual knowledge of wrongdoing
Indicate whether the statement is true or false