Small businesses are not eligible to obtain government subsidies.

Answer the following statement true (T) or false (F)


False

Small businesses can obtain their share of government subsidies through direct contracting and grants. Opportunities exist for small businesses to obtain government funding for recycling of waste materials, for research and development of products for health, security, and defense, and for providing services directly to government entities.

Business

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Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:Total machine-hours30,000Total fixed manufacturing overhead cost$252,000Variable manufacturing overhead per machine-hour$2.10Recently, Job T687 was completed with the following characteristics:Number of units in the job10Total machine-hours30Direct materials$675Direct labor cost$1,050The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

A. $172.50 B. $99.00 C. $204.00 D. $68.00

Business

Certain federal guidelines significantly constrain and often prohibit mergers that could result from a purchase of assets

Indicate whether the statement is true or false

Business

When promissory estoppel is used by the courts, it is because there is NOT an enforceable contract present.

Answer the following statement true (T) or false (F)

Business

A cost variance is the difference between actual cost and standard cost.

Answer the following statement true (T) or false (F)

Business