On the statement of cash flows, the cash flows from operating activities section would include
a. receipts from the issuance of capital stock
b. receipts from the sale of investments
c. payments for the acquisition of investments
d. cash receipts from sales activities
d
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Which of the following labor costs would be included in direct labor?
A) Maintenance workers B) Machine operators C) Managers and supervisors D) Materials storeroom custodian
Which of the following are the factors for the Fama-French model?
A. The excess market return, a debt factor, and a book-to-market factor. B. The excess market return, a size factor, and a debt. C. A debt factor, a size factor, and a book-to-market factor. D. The excess market return, an industrial production factor, and a book-to-market factor. E. The excess market return, a size factor, and a book-to-market factor.
Symptoms of fraud include all of the following except:
a. analytical anomalies. b. extravagant lifestyle. c. unusual behavior. d. internal controls.
Arca 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 machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$38,700 Budgeted fixed manufacturing overhead 170,700 Total budgeted manufacturing overhead$ 209,400 Budgeted production (a) 20,000unitsStandard hours per unit (b) 1.50machine-hoursBudgeted hours (a) × (b) 30,000machine-hours Applying Overhead: Actual production (a) 15,000unitsStandard hours per unit (b) 1.50machine-hoursStandard hours allowed for the actual production (a) ×
(b) 22,500machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$9,812 Actual fixed manufacturing overhead 185,700 Total actual manufacturing overhead$ 195,512 Actual hours 22,300machine-hoursThe predetermined overhead rate is closest to: A. $8.69 per machine-hour B. $13.03 per machine-hour C. $6.98 per machine-hour D. $10.47 per machine-hour