Indicate the group of words in which the number or numbers are correctly expressed. Which is correct?
A) on the 15th of the month
B) on the fifteenth of the month
A
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If interest rates rise, the price of preferred shares will also rise, other things equal
Indicate whether the statement is true or false
Dews Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. There is no variable manufacturing overhead. The fixed manufacturing overhead standards for the company's only product specify 0.90 hours per unit at $20.50 per hour. The standard fixed manufacturing overhead rate was based on budgeted fixed manufacturing overhead of $369,000 and budgeted activity of 18,000 hours. During the year, 14,100 units were started and completed. Actual fixed overhead costs for the year were $386,200.Assume that all transactions are recorded on a worksheet as shown in the text. On the
left-hand side of the equals sign in the worksheet are columns for Cash, Raw Materials, Work in Process, Finished Goods, and PP&E (net). All of the variance columns are on the right-hand-side of the equals sign along with the column for Retained Earnings.When the fixed manufacturing overhead cost is recorded, which of the following entries will be made? A. $108,855 in the FOH Volume Variance column B. $108,855 in the FOH Budget Variance column C. ($108,855) in the FOH Volume Variance column D. ($108,855) in the FOH Budget Variance column
Under the UCC, the seller's basic obligation includes being concerned with:
a. the appropriate manner of delivery b. the timeliness of delivery c. the place of delivery d. the quality of the goods provided e. all of the other specific choices are correct
Savings from reduced inventory results in increased profit.
Answer the following statement true (T) or false (F)