Of the following, which is considered in determining whether someone is an independent contractor or an employee?
a. who has the right to control how and where the work is done
b. does the worker work for one firm or many
c. who supplies necessary tools and supplies
d. whether benefits are provided to the worker
e. all of these
f. only a thru c
e
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Sutton Products is a price-setter that uses the cost-plus pricing approach. The products are specialty vacuum tubes used in sound equipment. The CEO is certain that the company can produce and sell 310,000 units per year, due to the high demand for the product. Variable costs are $2.40 per unit. Total fixed costs are $970,000 per year. The CEO will receive stock options if $100,000 of operating income for the year is reported. What sales price would allow the CEO to achieve the target if the cost-plus pricing method is used? (Round your answer to the nearest cent.)
A) $2.40 per unit B) $5.85 per unit C) $3.45 per unit D) $5.21 per unit
The "Cycle of Mediocrity" is most often found in large, bureaucratic organizations like regulated oligopolies
Indicate whether the statement is true or false
Most of the time project managers can use practices that work in their home country on projects in a foreign country.
Answer the following statement true (T) or false (F)
Koczela Inc. has provided the following data for the month of May:Inventories: BeginningEndingWork in process$29,000?$24,000?Finished goods$58,000?$62,000?Additional information: Direct materials$69,000?Direct labor cost$99,000?Manufacturing overhead cost incurred$75,000?Manufacturing overhead cost applied to Work in Process$73,000?Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.The cost of goods manufactured for May is:
A. $243,000 B. $241,000 C. $248,000 D. $246,000