Which of the following is a collection of overhead costs related to a cost object?
a. Cost driver
b. Cost function
c. Cost equation
d. Cost pool
D
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Frank Corporation purchased supplies at a cost of $15,000 during 2015 . At January 1, 2015, supplies on hand were $2,000 . At December 31, 2015, supplies on hand are $2,500 . Calculate supplies expense for 2015
a. $ 15,500 b. $ 14,500 c. $ 15,000 d. $ 17,000
Who in an organization is NOT in a good position to recognize fraud during the theft act?
a. Other employees b. Managers c. Auditors d. Coworkers
When parties agree to resolve a dispute by arbitration they rely on an arbitrator. An arbitrator is usually:
a. an attorney who knows nothing about the issues in the matter and is unbiased b. a management representative of one side to the dispute c. a neutral expert in the field who may or may not be an attorney d. a judge who has experience in small claims courts e. a competitor of both parties
Cleghorn Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit$160.00Variable expense per unit$70.40Fixed expense per month$153,216Required:Determine the monthly break-even in total dollar sales.
What will be an ideal response?