The amount, if any, of capitalized interest cost for Year 1 is
a. $0
b. $50,000
c. $60,000
d. $110,000
e. $170,000
D
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When a party to a contract notifies the other party that it will not perform the contract as agreed, this conduct is referred to as:
a. specific performance. b. cover. c. repudiation. d. assurance.
A business purchases $3,500 of office supplies for cash. Which of the following sets of ledger accounts reflects the posting of this transaction?
A) B) C) D)
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing$3,800Supervising$23,800Other$10,400Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHs (Processing)Batches (Supervising)Product M09,700500Product M5300500Total10,0001,000Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.?Product M0Product M5Sales
(total)$74,100$89,900Direct materials (total)$28,500$31,400Direct labor (total)$27,800$41,700The activity rate for the Supervising activity cost pool under activity-based costing is closest to: A. $23.80 per batch B. $14.00 per batch C. $38.00 per batch D. $7.00 per batch
The confidence associated with an interval estimate is called the _____
a. level of significance b. degree of association c. confidence level d. precision