Ragged Edge Arts has the following factory overhead costs: Power $4,800 Indirect labor $3,000 Equipment depreciation $5,200 The factory is budgeted to work 1,300 hours for the upcoming period. It uses a single plantwide factory overhead rate based on direct labor hours. What is the overhead cost per unit if 5 hours of direct labor is required per quilt?
a. $40
b. $20
c. $10
d. $50
d
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If your after-tax realized real interest rate was 1 percent over the past year and the inflation rate was 3 percent, what was the nominal interest rate on your one-year bond if your tax rate was 15 percent?
A. 4.45 percent B. 4.7 percent C. 5.0 percent D. 5.25 percent
Which of the following accounts for the majority of word-of-mouth that occurs?
A) e-mail B) telephone C) face-to-face D) blogging E) texting
Jose began his speech with statistics that suggested Americans are getting bigger and unhealthier. Which step of Monroe’s Motivated Sequence is Jose engage in?
a. attention b. need c. satisfaction d. visualization
You are deciding whether to start a 40-year retirement investing plan now, or ten years from now. You think rates of return will be about the same in the future as they are now. Discussion in the text of this decision shows
A) very little difference in the future value of an investment made now versus one made 10 years from now. B) an investment made now will accumulate about 20% more (at a 10% rate of interest, compounded annually) than the investment made later. C) the same facts as in response b, but the accumulation is only 10% greater. D) that you will accumulate more in the additional 10 years than you do for the first 30 years.