A totten trust involves a bank account opened by the settlor of the trust
a. True
b. False
Indicate whether the statement is true or false
True
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Overturf, Inc., manufactures and sells two products: Product Y1 and Product Y0. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct Y1300 6.0 1,800 Product Y0500 9.0 4,500 Total direct labor-hours 6,300 The direct labor rate is $27.50 per DLH. The direct materials cost per unit is $106.10 for Product Y1 and $168.40 for Product Y0.The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead CostExpected Activity???Product Y1Product
Y0TotalLabor-relatedDLHs$151,263 1,8004,5006,300Production ordersorders 43,253 300400700Order sizeMHs 863,478 4,9005,0009,900 $1,057,994 The overhead applied to each unit of Product Y0 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $1,322.49 per unit B. $1,511.46 per unit C. $1,137.72 per unit D. $872.20 per unit
Value analysis and engineering to improve the quality and safety of products______.
A. is used by local governments to make the voting process in elections more efficient B. has been used by the packaging industry C. is required for ISO certification D. is applicable only to the service industry
Mug Shots operates a chain of coffee shops. The company pays rent of $15,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The managers of each shop are paid a salary of $2,500 per month and all other employees are paid on an hourly basis. The cost of rent relative to the number of customers in a particular shop and relative to the number of customers in the entire chain of shops is which kind of cost, respectively?
A. Fixed cost and fixed cost B. Fixed cost and variable cost C. Variable cost and fixed cost D. Variable cost and variable cost
In a linear programming formulation, a statement such as "maximize contribution" becomes a(n):
A) constraint. B) slack variable. C) objective function. D) violation of linearity. E) decision variable.