Quasi contract is used to prevent quantum meruit from occurring
a. True
b. False
Indicate whether the statement is true or false
False
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Which depreciation method ignores residual value when computing the depreciable base of an asset?
A) sum-of-the-years'-digits method B) double-declining-balance method C) composite method D) group method
Savings in the supply chain mostly are the result of:
A) cutting cost after the design phase. B) being able to ship in larger quantities. C) sticking with local competition. D) members in the chain sharing information. E) members having clout with suppliers.
The conversion privilege allows investors to switch from one fund to another without fees if and only if the funds are managed by the same company such as Fidelity or Vanguard
Indicate whether the statement is true or false.
Morataya Corporation has two manufacturing departments-Machining and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MachiningAssemblyTotalEstimated total machine-hours (MHs) 7,000 3,000 10,000Estimated total fixed manufacturing overhead cost$39,200$6,600$45,800Estimated variable manufacturing overhead cost per MH$1.90$2.10 During the most recent month, the company started and completed two jobs-Job B and Job G. There were no beginning inventories. Data concerning those two jobs follow: Job BJob GDirect materials$14,800$8,300Direct labor cost$22,000$8,900Machining machine-hours 4,800 2,200Assembly machine-hours 1,200 1,800Assume that the company uses a plantwide predetermined manufacturing overhead rate
based on machine-hours. That predetermined manufacturing overhead rate is closest to: A. $7.50 B. $4.58 C. $4.00 D. $6.54