Which of the following represents the factory overhead applied to a product?

A) Predetermined factory overhead rate times estimated activity base.
B) Actual factory overhead rate times estimated activity base.
C) Predetermined factory overhead rate times actual activity base.
D) Actual factory overhead rate times actual activity base.


C

Business

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What will be an ideal response?

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If the balance of accounts receivable decreases during the year, then cash collections will ____________________________ sales on account for the period

Fill in the blank(s) with correct word

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Liz and Jeff live in California, a state that recognizes community property. Jeff is a machinist who makes $30,000 a year. Liz is the owner of a franchise where her take-home profit is approximately $75,000 a year. Jeff and Liz purchased a house during their marriage wherein Liz paid three-fourths of the purchase price and Jeff paid one-fourth. Which of the following statements is correct with

regard to Jeff and Liz? a. Each owns one-half of the real property and other assets they acquire during the marriage. b. The community property rules do not allow Jeff and Liz to maintain separate ownership of assets they each bring to the marriage or inherit. c. Community property can be sold by Jeff or Liz without consent by the other. d. Jeff owns one-fourth of the property and Liz owns three-fourths.

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If the Lincoln Log Construction Co. (based in Chicago) built an assembly plant for General Motors in Nigeria, the project would be classified as

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Business