What does it mean to buy price per quantity?
What will be an ideal response?
Price per quantity is way to look at purchasing items by breaking down the cost in easily comparable quantities such as per ounce, per quart, or per unit.
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When can an accountant release audit working papers?
a. Only when a client consents. b. Only when a court orders disclosure. c. At any time at the discretion of the accountant. d. Either when a client consents or when a court orders disclosure.
Since Orascom Group had been serving fast-growing markets for cement and related construction materials, why did it choose to sell this division in 2007?
What will be an ideal response?
What are the savings of marginal bad debts under the proposed plan? (See Table 14.7)
A) $500,000 B) $50,000 C) $10,000 D) $5,000
Torello Corporation manufactures two products: Product H95V and Product V93N. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products H95V and V93N.Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$242,00011,000MHsMachine setupsNumber of setups$140,000350setupsProduct designNumber of products$70,0002productsOrder sizeDirect labor-hours$270,00010,000DLHsActivity MeasureProduct H95VProduct V93NMachine-hours6,0005,000Number of setups250100Number of products11Direct labor-hours6,0004,000Using the plantwide overhead
rate, how much manufacturing overhead cost would be allocated to Product H95V? A. $288,800 B. $433,200 C. $361,000 D. $293,000