In the free/freemium revenue model, firms offer basic services for free and charge a fee for special features
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TRUE
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Always subtract the salvage value from the original cost before figuring depreciation
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New York enacts a statute that requires a label on a video game to warn parents when "the range of options available to a player include dismembering or sexually assaulting the image of a human being." On appeal from a challenge by gamemakers, the state asks a federal court to enforce the statute. Based on the decisions of other federal courts in cases involving similar statutes, the court in this case is most likely to
A. refuse to extend restrictions on sex-based content to violence in video games. B. expand the label's warning to include other forms of violence. C. impose market-share liability on makers of violent video games. D. replace the voluntary rating system currently in use.
Banks do not charge fees for safety deposit boxes
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Arca Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$38,700 Budgeted fixed manufacturing overhead 170,700 Total budgeted manufacturing overhead$209,400 Budgeted production (a) 20,000units Standard hours per unit (b) 1.50machine-hours Budgeted hours (a) × (b) 30,000machine-hours Applying Overhead: Actual production (a) 15,000units Standard hours per unit (b) 1.50machine-hours Standard hours allowed for the
actual production (a) × (b) 22,500machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$9,812 Actual fixed manufacturing overhead 185,700 Total actual manufacturing overhead$195,512 Actual hours 22,300machine-hours ?The fixed overhead volume variance is: A. $57,675 U B. $42,675 F C. $57,675 F D. $42,675 U