The practice of taking overhead costs previously in a single indirect cost pool and separating them into a number of homogeneous cost pools with separate cost drivers for each pool is:
a. Peanut-butter costing.
b. Process costing.
c. Activity based costing.
d. Job costing.
c
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The goal of sales presentation is not simply to make the sale but to create a strong value proposition that will lead to a mutually beneficial long-term relationship.
Answer the following statement true (T) or false (F)
The trade term " ________" is used when the seller fulfills his obligations to deliver by handing over the goods, cleared for export, to a carrier named by the buyer
A. ex works B. free carrier C. charterparty D. demurrage
Nicholas Sharp and Barry and Rhonda Downey own adjacent tracts of land in Howard County, Maryland. Their two adjacent lots were a single tract of land owned by Jack Ryan, Inc, the corporate alter ego of John E. Ryan. On February 20, 1996, Ryan divided the tract by deed, creating Lot 1 and Lot 2. Ryan then conveyed Lot 1 to Pamela Jekel. On the same date as the conveyance of Lot 1, Ryan and Jekel
executed an easement instrument which gave Ryan access to his Lot 2 over the existing Jeep trail located on Lot 1. Jack Ryan ended up married to Pamela Jekel and conveyed his lot to Nicholas Sharp. Pamela Jekel Ryan conveyed her lot to Barry and Rhonda Downey. Which tract of land would the easement and rights pass through? A) Lot 1 B) Lot 2 C) Easements and the rights pass with both the dominant and servient tenement
Kartman Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 6.5pounds$7.00per pound$45.50Direct labor 0.6hours$24.00per hour$14.40Variable overhead 0.6hours$4.00per hour$2.40?In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is
computed when the materials are purchased.?The labor efficiency variance for June is: A. $4,731 U B. $4,560 U C. $4,731 F D. $4,560 F