Agents of an LLC (limited liability company) are not permitted to enter into contracts on behalf of the LLC
Indicate whether the statement is true or false
FALSE
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________ is not one of the main perspectives an entrepreneur should consider when writing the business plan.
A. The entrepreneurs own perspective B. The employee's perspective C. The investor's perspective D. The marketing perspective
Dow Chemical hires science and engineering graduates to explain the advantages of its products-and how to dispose of them in an environmentally friendly manner-to prospective customers. What type of salesperson is this?
A. order taker B. new-account salesperson C. order getter D. consultative salesperson E. technical specialist
Culture, trust, teamwork, and reputation are termed ________ because it is not always clear how they came to develop, though it is clear which organizations do possess them.
A. associative structures B. natural structures C. socially complex D. evidence-based resources E. vague correlations
Carcana Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the period to calculate predetermined overhead rates:??MachiningFinishingTotal?Estimated total machine-hours (MHs)1,0004,0005,000?Estimated total fixed manufacturing overhead cost$4,200$8,800$13,000?Estimated variable manufacturing overhead cost per MH$1.90$2.90?During the period, the company started and completed two jobs--Job E and Job G. Data concerning those two jobs follow:??Job EJob G?Direct materials$11,800$8,000?Direct labor cost$19,200$6,700?Machining machine-hours700300?Finishing machine-hours1,6002,400Required:a. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation
base in both departments. What is the departmental predetermined overhead rate in the Machining department?b. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Finishing department?c. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job E?d. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job G?e. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job E.f. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job G.g. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. If both jobs were sold during the month, what was the company's cost of goods sold for the month? What will be an ideal response?