The WebFOCUS BI platform in the Travel and Transport case study decreased clients' reliance on the IT function when seeking system reports
Indicate whether the statement is true or false
TRUE
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Ahlheim Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingAssemblyMachine-hours 16,000 15,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$102,400$55,200Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $4.50During the current month the company started and finished Job T924. The following data were recorded for
this job:Job T924:FormingAssemblyMachine-hours 70 20Direct labor-hours 30 40Direct materials$870$385Direct labor cost$630$840The estimated total manufacturing overhead for the Assembly Department is closest to: A. $27,000 B. $47,700 C. $82,200 D. $55,200
A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The salvage value of the land is expected to be $250,000. If 150,000 tons of ore are mined during the first year, the journal entry to record the depletion is:
A. Debit Depletion Expense $93,750; credit Accumulated Depletion $93,750. B. Debit Depletion Expense $93,750; credit Natural Resources $93,750. C. Debit Cash $112,500; credit Natural Resources $112,500. D. Debit Depletion Expense $112,500; credit Accumulated Depletion $112,500. E. Debit Cash $93,750; credit Accumulated Depletion $93,750.
The area of the continuous uniform probability distribution is?
A. ?triangular. B. ?rectangular. C. ?bell-shaped. D. ?a series of vertical lines.
Under the indirect method of determining the net cash from operating activities on the statement of cash flows, increases in current assets such as accounts receivable are added to net income
Indicate whether the statement is true or false