Which of the following is not a property of all linear programming problems?
A) the presence of restrictions
B) optimization of some objective
C) a computer program
D) alternate courses of action to choose from
E) usage of only linear equations and inequalities
C
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Magoro, Inc. has two processes—Coloring Department and Mixing Department. The company sold 450 gallons on account at $110 per gallon. The total cost of processing was $385,000 for 5,500 gallons of paint. Throughout the year, the company used a predetermined overhead allocation rate to allocate $80,000 and $90,000 of indirect costs to the Coloring Department and Mixing Department, respectively. The actual overhead costs incurred amounted to $150,000 at the end of the year.
What are the journal entries to record the sale of goods and the adjustment for over/underallocated manufacturing overhead at the end of the year if the company follows a perpetual inventory system and process costing?
A joint venture is an arrangement in which two or more business entities combine their resources to pursue an ongoing business operation
Indicate whether the statement is true or false
What is the analysis that works in reverse to what-if and sensitivity analyses by finding the inputs necessary to achieve a goal such as a desired level of output?
A. Optimization system B. Revenue analysis C. Goal-seeking analysis D. Solutions based analysis
The following direct labor information pertains to the manufacture of product Glaze: Time required to make one unit 3direct labor hoursNumber of direct workers 25 Number of productive hours per week, per worker 36 Weekly wages per worker$700 Workers' benefits treated as direct labor costs 30% of wagesWhat is the standard direct labor cost per unit of product Glaze? (CPA adapted)
A. $75.83. B. $19.44. C. $25.28. D. $58.33.