Interest on U.S. Treasury bonds is subject to federal income taxes, but interest on municipals is not subject to the federal income tax
Indicate whether the statement is true or false.
FALSE
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Which of the following production concepts was invented in Japan and gave Japanese automobile companies a knockout advantage in world markets through lower costs and higher quality?
A) horizontal integration B) vertical integration C) lean manufacturing D) mass customization
Which stage of the cell cycle focuses on cell growth, replication of organelles, and the accumulation of material for synthesizing DNA?
A. M phase B. G1 phase C. G2 phase D. G0 phase E. S phase
How does disposal of an asset through sale, abandonment, or trade-in on another asset affect net income?
Freeze Frame, Inc. produces cameras that require three processes, A, B, and C, to complete. Digital camera model #789 is the best-selling of all the many types of cameras produced. Information related to the 550,000 units of digital camera model #789 produced annually is shown below.Direct materials$450,000Direct labor? Department A (7,000 DLH x $21 per DLH)$147,000 Department B (25,000 DLH x $19 per DLH)$475,000 Department C (10,000 DLH x $26 per DLH)$260,000Machine Hours? Department A42,000 MH Department B23,000 MH Department C38,000 MHFreeze Frame's total expected overhead costs and related overhead data are shown below:?Department ADepartment BDepartment CDirect labor hours90,000 DLH75,000 DLH42,000 DLHMachine hours67,500 MH135,000 MH53,200 MHManufacturing
overhead costs $540,000$675,000$399,000a. Compute a departmental overhead rate for department A based on direct labor hours.b. How much overhead is associated with model 789 from department A?c. Compute a departmental overhead rate for department B based on direct labor hours.d. How much overhead is associated with model 789 from department B?e. Compute a departmental overhead rate for department C based on direct labor hours.f. How much overhead is associated with model 789 from department C?g. What is the per unit cost of the 550,000 units of model 789? What will be an ideal response?