Although the number of people employed in manufacturing in the United States has decreased since 1950, each person is now producing almost 20 times more than in 1950
Indicate whether the statement is true or false
TRUE
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Why are cost flow assumptions made when accounting for merchandise inventory?
Which of the following is true of ASYBL?
a. It stands for Assembly Line Configuration Program. b. It is used to identify indifference points. c. It leads to efficiencies in cost management. d. It stands for Asymmetric Balancing of Production Lines.
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period:Office ExpensesTotal Allocation BasisSalaries$30,000 Number of employeesDepreciation 20,000 Cost of goods soldAdvertising 40,000 Net sales ItemDrilling Grinding TotalNumber of employees 1,000 1,500 2,500 Net sales$325,000 $475,000 $800,000 Cost of goods sold$75,000 $125,000 $200,000 The amount of depreciation that should be allocated to Grinding for the current period is:
A. $40,000. B. $20,000. C. $12,500. D. $7,500. E. $25,000.
A professional athlete injured during practice is deemed to have consented to the physical contact attendant to practice
a. True b. False Indicate whether the statement is true or false