Minimum hourly wages are established by ____________________
Fill in the blank(s) with correct word
Congress
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Bachrodt Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing$21,600Supervising$3,700Other$10,700Processing 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 Y73,700400Product V06,300600Total10,0001,000Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product Y7Product V0?Sales
(total)$102,200$78,900?Direct materials (total)$40,800$39,100?Direct labor (total)$47,200$22,300?What is the overhead cost assigned to Product Y7 under activity-based costing? A. $18,000 B. $9,472 C. $7,992 D. $1,480
What are the two types of coping as explained in the textbook?
What will be an ideal response?
For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer
The movie theater has the following policy. Tickets are sold by the cashier The ticket stubs are collected by the ticket taker. The ticket stubs are stored in a locked box, and the accounting personnel match the number of ticket stubs to the number of tickets sold. What will be an ideal response
For each of the following items, indicate whether it would be classified as an (O) operating activity, an (I) investing activity, a (F) financing activity, or a significant (N) noncash financing and investing activity.
A. Issued bonds payable for cash. B. Issued stock for cash. C. Paid cash dividends. D. Sold equipment for cash. E. Purchases of land for cash. F. Purchased land in exchange for a note payable. G. Received cash dividends from investments in trading securities. H. Collected accounts receivable from customers. I. Paid wages to employees. J. Received interest from investments in trading securities.