The ____ mode type is considered constant because it cannot be changed within the procedure.
A. IN
B. OUT
C. INOUT
D. IN OUT
Answer: A
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A separate section of the income statement reporting information about discontinued operations is included
a. only if the sale resulted in a loss. b. in every income statement prepared in accordance with the GAAP. c. any time a major business asset is sold. d. if a firm sells, during the period, or plans to sell, during the next period, a major division or segment of its business. e. if a firm has sold during the previous period, or plans to sell during the next period, a major division or segment of its business.
The use of third-country nationals as IC executives in least developed countries (LDCs) is a growing practice because
A. they will work for lower wages and benefits than will employees from the home or host country. B. they tend to prefer working in LDCs. C. there is frequently a shortage of skilled host-country nationals. D. they do not need work permits for the host country and they have knowledge of its language and culture.
Newness of a new entry is always an advantage.
Answer the following statement true (T) or false (F)
Sonneborn Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:??MoldingCustomizingTotal?Estimated total machine-hours (MHs)1,0009,00010,000?Estimated total fixed manufacturing overhead cost$5,100$23,400$28,500?Estimated variable manufacturing overhead cost per MH$1.50$2.50?During the most recent month, the company started and completed two jobs--Job D and Job G. There were no beginning inventories. Data concerning those two jobs follow:??Job DJob G?Direct materials$14,700$9,100?Direct labor cost$18,800$8,300?Molding machine-hours700300?Customizing machine-hours3,6005,400Required:a. Assume that the company uses a plantwide predetermined
manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job D.b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job G.c. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job D?d. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job G? What will be an ideal response?