Dapice Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$76,815 Budgeted hours 13,500labor-hoursStandard hours allowed for the actual production 14,400labor-hoursThe fixed overhead volume variance is: (Round your intermediate calculations to 2 decimal places.)
A. $5,121 U
B. $21,121 F
C. $5,121 F
D. $21,121 U
Answer: C
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The higher the receivables turnover, the lower the days' sales uncollected
Indicate whether the statement is true or false
Consider the estimated aggregate demand for a company’s ski product line for the upcoming year in the following table. Calculate the number of workers required to meet the production level using level production strategy. The average number of hours required to produce a pair of skis is 8 hr; the number of worker hours per month is 160.
A. 180
B. 100
C. 240
D. 200
Brady knows that the brakes on his car do not work, but he tells Celia, a potential buyer, that there are no problems with the car. On this assurance, Celia buys the car. On learning the truth, she may sue Brady for A) trade libel
B) conversion. C) ?fraudulent misrepresentation. D) no tort.
Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen need not pre- approve the trades that James makes, only trades for more than $20,000 . Ellen and James include a clause stating "that in case of any disputes arising out of this contract; the dispute shall be arbitrated using the rules of the New York Stock Exchange." Ellen learns that since signing
her contract with James, he has routinely been making trades worth more than $20,000 without her permission, and losing money. After presenting her evidence at arbitration, Ellen is quite happy when they decide that, in fact, James has violated his contractual obligations to her, and owes her damages. Any damages that Ellen wins are known as: a. an award b. a judgment c. an exaction d. a presentation e. a collection