Branin Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $160,000, variable manufacturing overhead of $3.40 per direct labor-hour, and 80,000 direct labor-hours. The company has provided the following data concerning Job A578 which was recently completed: Total direct labor-hours 250Direct materials$715Direct labor cost$9,000The predetermined overhead rate is closest to:
A. $3.40 per direct labor-hour
B. $5.40 per direct labor-hour
C. $8.80 per direct labor-hour
D. $2.00 per direct labor-hour
Answer: B
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Exhibit 15-5 On January 1, 2016, Roberts Company adopts a compensatory share option plan and grants 40 executives 1,000 shares each at $30 a share. The fair value per option is $7 on the grant date. The company estimates that its annual employee turnover rate during the service period of three years will be 4%. ? Refer to Exhibit 15-5. The journal entry to record compensation expense for 2016
will be (Round your final answer to the nearest whole dollar.) A) Compensation Expense 247,726Paid-in Capital Share Options 247,726 B) Compensation Expense 82,575Paid-in Capital Share Options 82,575 C) Compensation Expense 91,467Paid-in Capital Share Options 91,467 D) Compensation Expense 93,333Common Stock Option Plan 93,333
A room upgrade offered by a hotel to a guest who often stays in the hotel is an example of a reward program
Indicate whether the statement is true or false
Communication of a USP can provide a good foundation for successful positioning. What does USP stand for?
A) unique selling product B) unique services practice C) unique sales pitch D) unique selling proposition E) unique strategic practice
The authorized stock of a corporation
A) must be recorded in a formal accounting entry. B) only reflects the initial capital needs of the company. C) is indicated in its by-laws. D) is indicated in its charter.