ABC assumes all costs in a ________ can be grouped together because they all impact the activity.
A. organization.
B. time period.
C. cost pool.
D. product line.
E. department.
Answer: C
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Identifying a model's ________ (e.g., decision and result) and their relationships is very important in creating and using models
Fill in the blanks with correct word
Using the above information, total factory overhead costs would be:
Asteroid Industries accumulated the following cost information for the year:
A) $78,300.
B) $25,300.
C) $12,800.
D) $16,800.
E) $53,000.
Advertising will be deemed deceptive if it includes a claim that omits a material fact about a product.
Answer the following statement true (T) or false (F)
In the current year, Plum Corporation, a computer manufacturer, donated 100 laptop computers to a local university (a qualified educational organization). The computers were constructed by Plum earlier this year, and the university will use the computers for research and research training. Plum's basis in the computers is $35,000, and their fair market value is $120,000 . What is Plum's deduction
for the contribution of the computers (ignoring the taxable income limitation)? a. $35,000 b. $70,000 c. $77,500 d. $85,000 e. $120,000