Which is included in a cost?plus pricing formula?

A)?Overhead
B)?Actual costs
C)?Profit
D)?Both a and c
E)?Both b and c


E

Business

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The performance assessments of the motivational elements of a cost management system (CMS) includes all but which of the following?

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When preparing to work on a project, teams should name a meeting leader to plan and conduct meetings, a recorder to keep a record of group decisions, and an evaluator to determine whether the group is on target and meeting its goals

Indicate whether the statement is true or false

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The Tonight Show, People magazine, and U.S.A. Today would all be suitable ________ for Advil pain reliever.

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As of December 31, Frappe Company has a balance of $14,000 in accounts receivable. Of this amount, $1400 is past due and the remainder is not yet due. Frappe has a credit balance of $135 in the Allowance for Doubtful Accounts. Frappe Company estimates its bad debt losses using the aging of receivables method, with estimated bad debt loss rates equal to 2% of accounts not yet due and 10% of past due accounts. How will the Bad Debt Expense account be included in the required adjusting journal entry at year-end?

A. Debit of $135  B. Credit of $392  C. Debit of $262  D. Debit of $257 

Business