Kesterson Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$6.20 Direct labor$3.10 Variable manufacturing overhead$1.35 Fixed manufacturing overhead $14,000Sales commissions$1.50 Variable administrative expense$0.40 Fixed selling and administrative expense $4,500 If 6,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:
A. $22,100
B. $14,000
C. $24,900
D. $8,100
Answer: A
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Answer the following statements true (T) or false (F)
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In the context of agency, ratification refers to:
A) Agreeing, after reaching majority, to be bound by a contract entered into as a minor. B) Agreeing to be bound to a contract entered into by an agent that exceeded the agent's authority at the time the agent entered into it. C) Reaffirming a contract that one previously agreed to. D) Getting the appropriate agency to agree to take steps to reduce an excessively large rodent population.
Which of the following bonds has the greatest default risk?
A. A U.S Treasury bond with a two-year maturity B. An AAA corporate bond with a seven-year maturity C. A BBB corporate bond with a three-year maturity D. A CCC corporate bond with a 10-year maturity E. An AAA corporate bond with a 10-year maturity
Bribing foreign officials to obtain favorable business contracts is not a crime
a. True b. False Indicate whether the statement is true or false