Appreciation letters that are not sent in a timely manner may arouse questions about the sender's motive
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When a business's product has no considerable and sustainable differential advantage in a quality-sensitive market, with many competitors, many substitutes and easy competitor entry, conditions are favorable for a skim pricing strategy
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In a process cost system, product costs are accumulated by processing department rather than by job
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Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $300,000, and direct labor costs to be $150,000. Actual overhead costs for the year totaled $330,000, and actual direct labor costs totaled $170,000. At year-end, Factory Overhead account is:
A. Overapplied by $20,000. B. Neither overapplied nor underapplied. C. Underapplied by $10,000. D. Overapplied by $10,000. E. Overapplied by $170,000.
Jane takes her car to Joe's Garage, leaving it there for repairs. Ted, one of Joe's employees, takes
the car for a joy ride, without Joe's permission. In fact, Joe has a very strict rule that his employees cannot drive customers' cars except to diagnose or test them. Ted crashes into another car, driven by Mary. Mary is injured and sues Jane, Ted, and Joe. Which of the following is true? A) Only Ted is liable B) Only Joe is liable C) Only Ted and Joe are liable D) Jane, Ted, and Joe are all liable E) Only Jane and Ted are liable