An attempted division by zero causes the ____________________ exception.
Fill in the blank(s) with the appropriate word(s).
ZERO_DIVIDE
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The lowest planning level in a sales and operations plan is:
A) resource planning. B) forecasting. C) scheduling. D) sales and operations planning.
Assume that it takes 100 hr to produce the first unit of a product, and the learning rate for this production process is 80%. Using the arithmetic approach, determine the labor hours required to produce the fourth unit.
A. 100 hr B. 80 hr C. 64 hr D. 52 hr
Ross Corporation produces a single product. The company has direct materials costs of $8 per unit, direct labor costs of $6 per unit, and manufacturing overhead of $10 per unit. Sixty percent of the manufacturing overhead is for fixed costs. In addition, variable selling and administrative expenses are $2 per unit, and fixed selling and administrative expenses are $3 per unit at the current activity level. Assume that direct labor is a variable cost. Under absorption costing, the unit product cost is:
A. $20 per unit B. $29 per unit C. $26 per unit D. $24 per unit
Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $27,200; Supervising, $9,300; and Other, $9,500. Processing 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 O69,200500Product D710,8001,500Total20,0002,000What is the overhead cost assigned to Product O6 under activity-based costing?
A. $23,000 B. $12,512 C. $14,837 D. $2,325