Lakeland, Inc manufactured 5,000 units during the month of March. They incurred direct materials cost of $100,000 and overhead cost of $40,000. If their per-unit prime cost was $26.00 per unit how much direct labor cost did they incur during March?
A) $20,000
B) $35,000
C) $90,000
D) $30,000
D
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The wages paid to those who devote their time to supervision or to work of a general nature in the manufacturing process are included in the indirect costs of the factory operation
a. True b. False Indicate whether the statement is true or false
The office manager forgot to record in the accounting records the daily bank deposit. Which control procedure would most likely prevent or detect this error?
a. segregation of duties b. independent verification c. accounting records d. supervision
If the statute itself provides the employee with a cause of action, the courts are reluctant to recognize an alternative remedy in the form of a lawsuit for wrongful discharge
Indicate whether the statement is true or false
The markup rate of furniture at Al's Furniture Barn is 48%. If the markup amount on an armchair is $123, what is the cost of the armchair?
A) $256.25 B) $186.96 C) $159.04 D) $59.04