Transaction processing systems (TPSs) are the most widely used information systems.

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


True

Business

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a. True b. False Indicate whether the statement is true or false

Business

Use the information in Table D.3. Given the information in the optimal tableau, what is the inventory carrying cost, in dollars per unit per quarter?

A) less than $1 B) greater than $1 but less than or equal to $2 C) greater than $2 but less than or equal to $3 D) greater than $3

Business

Courts may award damages called quantum meruit, which means

A) "as much as he deserves." B) "to the letter of the law." C) "let the buyer beware." D) "something for something."

Business

Beans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $162,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was completed with the following characteristics:Number of units in the job10Total direct labor-hours50Direct materials$ 920Direct labor cost$ 1,400The estimated total manufacturing overhead is closest to:

A. $162,000 B. $168,000 C. $162,003 D. $330,000

Business