Calfee Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Beginning inventories: Raw materials$40,000 Work in process$19,000 Estimated total manufacturing overhead at the beginning of the year$595,000 Estimated direct labor-hours at the beginning of the year 35,000direct labor-hours Results of operations: Raw materials purchased on account$423,000 Raw materials (all direct) requisitioned for use in production$420,000 Direct labor cost$641,000 Actual direct labor-hours 33,000direct labor-hoursManufacturing overhead: Indirect labor cost$143,000 Other manufacturing overhead costs incurred$531,000?Cost of goods manufactured$1,441,000 The ending balance in the Work in Process
inventory account is:
A. $162,000
B. $220,000
C. $200,000
D. $181,000
Answer: C
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Jason, a freshman at a local college, just completed 15 credit hours. His grade report is presented below. CourseCreditHours Grades Calculus5 C Biology4 A English3 D Music2 B P.E.1 A The local university uses a 4 point grading system, i.e., A = 4, B = 3, C = 2, D = 1, F = 0. Compute Jason's semester grade point average.
What will be an ideal response?
The Telemarketing and Consumer Fraud and Abuse Prevention Act:
A. prohibits customers from demanding disclosure if the solicitation pertains to a prize promotion. B. requires that all disclosures must be made before the customer pays for the goods or services. C. allows telemarketers and sellers to deny a person the right to be placed on the do-not-call registry. D. prohibits calling between 8:00 p.m. and 8:00 a.m.
Who pioneered industrial psychology and is considered the First Lady of Management?
a. Emily Fayol b. Mary Parker Follett c. Emily Mayo d. Lillian Gilbreth
If the proceeds from the sale of bonds held as a long-term investment exceed the carrying amount of the bonds, a gain is realized
Indicate whether the statement is true or false