The percent of cashier mis-rings is an example of a performance standard for a cashier
Indicate whether the statement is true or false
True
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Prayer Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 19,000 13,000Direct labor-hours 1,000 8,000Total fixed manufacturing overhead cost$110,200$68,800Variable manufacturing overhead per machine-hour$2.00 Variable manufacturing overhead per direct labor-hour $3.60The estimated total manufacturing overhead for the Machining Department is closest to:
A. $148,200 B. $299,725 C. $38,000 D. $110,200
Redman Corporation is a publicly held company that supplies tourniquets to medical emergency centers. The company maintains a noncontributory defined benefit pension plan for its employees. The Redman's actuary has provided the following information for the year ended December 31 . 2014: Projected benefit obligation .......................... $800,000 Accumulated benefit obligation
........................ 700,000 Fair value of plan assets ............................. 820,000 Service cost .......................................... 240,000 Interest on projected benefit obligation .............. 24,000 Amortization of unrecognized prior service cost ....... 60,000 Expected and actual return on plan assets ............. 82,000 Prior contributions to the defined benefit pension plan equaled the amount of net periodic pension cost accrued for the previous year end. If no contributions have been made for 2014 pension cost, what amount should Redman report in its December 31 . 2014, balance sheet for accrued pension cost? a. $218,000 b. $242,000 c. $324,000 d. $406,000
Answer the following statements true (T) or false (F)
Only transactions having a direct effect on fund accounts were included in the statement of changes in financial position.
The Internet is a useful tool to access information but is generally not a good vehicle for marketing goods and services.
Answer the following statement true (T) or false (F)