Employees who quit their jobs are:
a. eligible for unemployment insurance
b. not eligible for unemployment insurance
c. entitled to help in finding another job
d. all of these are true
b
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Tariffs and quotas on imports tend to involve larger sacrifices in national welfare than would occur under domestic subsidies. This is because, unlike domestic subsidies, import tariffs and quotas
a. permit less efficient home production. b. distort choices for domestic consumers. c. result in higher tax rates for domestic residents. d. redistribute revenue from domestic producers to consumers.
The financial statements and notes provide information for analyzing changes in property, plant, and equipment. What ratio(s) is/are used by analysts?
a. Fixed Asset Turnover b. Proportion of Depreciable Assets c. Average Age of Depreciable Assets d. all of the above e. none of the above
Magnetic Springs wants to ship its bottled water with the most flexible schedules and routes of all transportation modes. Magnetic Springs should use ____ as its transportation mode.
A. railroads B. waterways C. pipelines D. trucks E. airways
Dotsero Technology, Inc., has a job-order costing system. The company uses predetermined overhead rates in applying manufacturing overhead cost to individual jobs. The predetermined overhead rate in Department A is based on machine-hours, and the rate in Department B is based on direct materials cost. At the beginning of the most recent year, the company's management made the following estimates for the year:??Department ADepartment B?Machine-hours70,00019,000?Direct labor-hours30,00060,000?Direct materials$195,000$282,000?Direct labor$260,000$520,000?Manufacturing overhead$420,000$705,000Job 243 entered into production an April 1 and was completed on May 12. The company's cost records show the following information about the job:??Department ADepartment
B?Machine-hours25060?Direct labor-hours70120?Direct materials$840$1,100?Direct labor$610$880At the end of the year, the records of Dotsero showed the following actual cost and operating data for all jobs worked on during the year:??Department ADepartment B?Machine-hours61,00020,000?Direct labor-hours28,00066,000?Direct materials$156,000$284,000?Manufacturing overhead$385,000$705,000Required:a. Compute the predetermined overhead rates for Department A and Department B.b. Compute the total overhead cost applied to Job 243.c. Compute the amount of underapplied or overapplied overhead in each department at the end of the current year. What will be an ideal response?