The Davis Corporation uses the direct labor hour method of applying factory overhead to production. The budgeted factory overhead last year was $300,000 . and there were 50,00 . machine hours and 40,00 . direct labor hours budgeted. Job 564 was started and completed during the period. Direct materials costing $5,400 were incurred. Thirty-six direct labor hours were worked at a cost of $500 . and
50 machine hours were incurred. What is the amount of factory overhead applied to Job 564?
a. $375
b. $270
c. $216
d. $300
b
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Answer the following statements true (T) or false (F)
1. Negative reinforcement is the process of weakening behavior by presenting something negative. 2. In reinforcement theory, both extinction and punishment reduce the likelihood that a given behavior will be repeated. 3. A manager should reward only desirable behavior, and should do so as soon as possible after the behavior appears. 4. A manager should administer punishment in public because the embarrassment amplifies the punishment and therefore its effectiveness.
Community property will consist of
A) all property owned by the husband or the wife. B) property acquired during the marriage by the joint efforts of the husband and wife. C) property acquired before the marriage by the independent efforts of the husband or wife. D) all property held in tenancy in common.
Robert owns and operates a dry cleaning store as a sole proprietorship. Robert needs more
money for the business, so Janet agrees to lend him the money. Janet is to receive one-half of the net income of the dry cleaning store until the loan and interest is paid. This situation is: A) A partnership because they share profits. B) A partnership because there is an association of two or more people. C) Not a partnership. D) A partnership because they own the business together. E) A partnership because they are carrying on a trade or business.
Which of the following statements best describes the term "par value"?
A. The number of shares currently in the hands of stockholders B. Determined by dividing total stockholder's equity by the number of shares of stock C. An amount used in determining a corporation's legal capital D. The amount that must be paid to purchase a share of stock