Activities of government, business, and independent organizations that are designed to protect individuals from practices that infringe on their rights as consumers comprise social responsibility
Indicate whether the statement is true or false
False
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Which of the following occurs if both a principal and an agent cannot agree on the compensation?
A) The principal is no longer bound by the duty of compensation. B) Compensation will be calculated on the basis of what is reasonable or customary. C) Compensation will be calculated according to government wage rates. D) Compensation will be determined by the full faith and credit clause of the U. S. Constitution.
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 hours; the number of worker hours per months is 160.
a. 180
b. 100
c. 240
d. 200
What was the purpose of the Worker Adjustment and Retraining Act (WARN)?
Eisentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 16,000 11,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$104,000$56,400Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.30During the current month the company started and finished Job T272. The following data
were recorded for this job:Job T272:MachiningCustomizingMachine-hours 60 30Direct labor-hours 10 60The estimated total manufacturing overhead for the Machining Department is closest to: A. $137,600 B. $310,933 C. $104,000 D. $33,600