Direct materials and direct labor are components of manufacturing overhead
Indicate whether the statement is true or false
False
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Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept
Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Using the direct method, what amount of Administration costs is allocated to C (round to the nearest dollar)? a. $576,000 b. $ 54,000 c. $108,000 d. $150,000
A __________ cuts off the right to assert a cause of action after a specified period of time from the delivery of the product or the completion of the work
a. statute of limitations b. statute of repose c. revival statute d. statute of resolution
Which of the following is false concerning concealment?
A) Would be illustrated by a false answer to a question B) To make a contract avoidable must be material C) Typically involves an element of deception D) The result is treated very much like material misrepresentations in insurance law
Which of the following is least likely to be performed efficiently using data analytics?
A. Identification of overvalued inventory items based on sales of those items. B. Identification of defective inventory items. C. Identification of purchases recorded more than once. D. Identification of slow-moving inventory items.