A National Quality Award that encourages an emphasis on quality was established by:
A. The U.S. Congress.
B. The United Nations.
C. The Malcolm Baldrige Foundation.
D. The U.S. Chamber of Commerce.
E. The SEC.
Answer: A
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Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $237,000, variable manufacturing overhead of $3.90 per machine-hour, and 30,000 machine-hours. The company has provided the following data concerning Job A496 which was recently completed:Number of units in the job20Total machine-hours80Direct materials$500Direct labor cost$2,160The unit product cost for Job A496 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $133.00 B. $72.20 C. $180.20 D. $45.05
In a manufacturing firm, employees typically fill out two different documents regarding their time worked. What are they? Why are there two?
A skimming pricing strategy, is used when the firm intends to make its overall profits through selling fewer units at a higher profit per unit
Indicate whether the statement is true or false
Factors that measure the consumption of activities by products and other cost objects are value-added costs
Indicate whether the statement is true or false