Davis Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $1.70 per direct labor-hour; the budgeted fixed manufacturing overhead is $116,000 per month, of which $30,000 is factory depreciation.If the budgeted direct labor time for November is 7,000 hours, then the total budgeted cash disbursements for manufacturing overhead for November must be:
A. $127,900
B. $86,000
C. $41,900
D. $97,900
Answer: D
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__________ means that the budgeted amounts for the coming year are literally imposed on middle- and lower-level managers.
Fill in the blank(s) with the appropriate word(s).
Which one of the following statements is not true with regard to the gross profit method of estimating inventories?
A) The gross profit method may be used to determine inventory for interim financial reporting purposes without taking a physical count. B) The percentage used for the gross profit method is determined by using previous years' historical data. C) The gross profit method is not as accurate as the retail inventory method. D) The gross profit method may only be used with a perpetual inventory accounting system.
Gold Class Electricals, a consumer-electronics firm, targets market segments based on factors such as country, age, social class, usage rate, and benefits sought. The company divides its markets based on ________
A) demographic variables B) geographic regions C) multiple segmentation bases D) behavioral variables E) psychographic segmentation bases
Which of the following is NOT a characteristic of a project?
a. It is designed to meet established goals. b. A project has a beginning. c. A project has an end. d. It is repetitive (i.e., done frequently).