The costs of direct labor are the wages earned by production workers:
a. for the time spent on working on a product including idle time.
b. for the actual time spent working on a process.
c. for the time spent on working on a product excluding overtime premiums.
d. for the actual time spent on a product.
d
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On September 12, Ryan Company sold merchandise in the amount of $9800 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $6000. Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 9800? | |
| Accounts receivable | 9800? |
B.
| Cash | 9506? | |
| Accounts receivable | 9506? |
C.
| Cash | 5820? | |
| Sales discounts | 180? | |
| Accounts receivable | 6000? |
D.
| Cash | 9506? | |
| Sales discounts | 294? | |
| Accounts receivable | 9800? |
E.
| Cash | 6000? | |
| Accounts receivable | 6000? |
Activities that are involved in producing a company's products and services and how these activities are linked together are often referred to as
A. organization design. B. value chains. C. logistics. D. supply chains. E. operations management.
It is frequently the companies rather than courts or legislatures that are defining the privacy rights of their online users
a. True b. False Indicate whether the statement is true or false
The author of the text suggest that you should
A) attempt to offset all risks with market-purchased insurance. B) self-insure against major financial losses and purchase market insurance only to cover minor monetary losses. C) self-insure against minor monetary losses and purchase market insurance only to cover major financial losses. D) attempt to offset all risks with self-insurance.