Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $239,700 and 4,700 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,000 and actual direct labor-hours were 4,600.The applied manufacturing overhead for the year was closest to:
A. $242,006
B. $229,586
C. $236,854
D. $234,600
Answer: D
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Hall Company sells merchandise with a one-year warranty. In the current year, sales consisted of 4,500 units. Itis estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in the currentyear and 70% in the next year. In the current year's income statement, Hall should show warranty expense of
a. $45,000 b. $13,500 c. $31,500 d. $0
________ are relationships with other entities, such as competing firms or government.
a. Competitive relationships b. Horizontal relationships c. Thorough relationships d. Vertical relationships
Which method of performance appraisal requires managers to place a certain percentage of employees into various performance categories?
A. Forced distribution method B. Checklist method C. Percent method D. Forced-choice method
Multiplexers can be used anywhere parallel communications paths are present to reduce the number of circuits required
a. True b. False