Vestal Products Inc had the following information available for 2013: Budgeted sales for 2013 90,000 units Units in beginning inventory (1/1/2013 ) 4,000 units Units produced during 2013 100,000 units Units in ending inventory (12/31/2013 ) 6,000 units How many units should Vestal's 2013 flexible sales budget be based upon?
A) 96,000 units
B) 102,000 units
C) 98,000 units
D) 90,000 units
C
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Which of the following is true regarding American securities exchanges?
a. The US and the UK have a system of reciprocity in place for listing the securities on one another’s stock exchanges. b. The SEC does not allow foreign companies that do not use U.S. GAAP to be listed on American stock exchanges. c. Most Japanese firms listed for trading on American securities exchanges use U.S. GAAP. d. Canadian companies may list existing shares for trading on American stock exchanges, but may not list new stock issues.
By convention, the top level in a product structure is designated level 1
Indicate whether the statement is true or false
The promotional method most commonly used for highly personal items is personal selling.
Answer the following statement true (T) or false (F)
Hunkins Corporation has provided the following data concerning last month's operations. Purchases of raw materials$33,000Indirect materials included in manufacturing overhead$4,000Direct labor cost$58,000Manufacturing overhead applied to Work in Process$91,000 BeginningEndingRaw materials inventory$14,000$20,000Work in process inventory$57,000$70,000 How much is the direct materials cost for the month on the Schedule of Cost of Goods Manufactured?
A. $47,000 B. $39,000 C. $23,000 D. $33,000