Accounting for direct materials and direct labor is easier than accounting for manufacturing overhead costs.
Answer the following statement true (T) or false (F)
True
This is because direct costs are traceable to jobs while overhead is allocated.
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Audience members need to be provided with an answer to the question:
a. What do I already know about the speaker? b. What’s in it for me? c. What do I already know about the topic? d. Is the speaker’s tone appropriate?
Wilshire purchased equipment at the beginning of 2011 for $19,000. Wilshire decided to depreciate the equipment over a 6-year period using the straight-line method. Wilshire estimated the equipment's salvage value at $1,000. The estimated fair market value at the end of 2011 was $18,000. Which of the following statements is correct concerning Wilshire's financial statements at December 31, 2011?
A) The book value of the equipment is $15,000. B) The book value of the equipment is $16,000. C) The total accumulated depreciation is $3,167. D) The equipment will be reported on the balance sheet at it fair market value of $18,000.
The price/earnings ratio shows the ________
A) dividend yield of the company B) market price of $1 of earnings C) proportion of total assets financed by debt D) value that the stock market places on the dividends paid by the company
Compared with other phases of the new-product development process, the largest number of new-product ideas is rejected during the ____ phase.
A. idea generation B. concept testing C. business analysis D. screening E. test marketing