Exchange value is always higher than use value.
Answer the following statement true (T) or false (F)
False
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When writing a persuasive request for action, you should
A) use the hard-sell approach. B) demonstrate that helping you will solve a significant problem. C) ask for more than you actually want so that you'll have a cushion for negotiation. D) avoid flattery. E) use circular reasoning. c
Conducting international marketing research is much more complex than domestic marketing research
Indicate whether the statement is true or false
The useful life of a plant asset is:
A. Determined by the FASB. B. Determined by law. C. The length of time it is productively used in a company's operations. D. Its productive life, but not to exceed one year. E. Never related to its physical life.
Hickingbottom Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingFinishingMachine-hours 17,000 15,000Direct labor-hours 1,000 7,000Total fixed manufacturing overhead cost$96,900$65,800Variable manufacturing overhead per machine-hour$2.00 Variable manufacturing overhead per direct labor-hour $3.60 During the current month the company started and finished Job M381. The following data were
recorded for this job: Job M381:FormingFinishingMachine-hours 80 30Direct labor-hours 30 40Direct materials$840$350Direct labor cost$750$1,000The total job cost for Job M381 is closest to: A. $2,206 B. $4,076 C. $1,870 D. $616