Which of the following would be considered a service retailer?
A) factory outlets
B) supermarkets
C) jewelry stores
D) restaurants
E) gas stations
D
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When total anticipated factory overhead is $30,000 and budgeted machine hours are 100,000, what is the predetermined factory overhead rate based on the information given?
a. $3.33/hour; b. $3.00/hour; c. $1.00/hour; d. $0.33/hour; e. $0.30/hour.
What is good-value pricing?
What will be an ideal response?
Nevada Enterprises purchased a machine on January 2, 2013 . at a cost of $140,000 . An additional $70,000 was spent for installation, but this amount was charged erroneously to repairs expense. The machine has a useful life of five years and a salvage value of $40,000 . As a result of the error,
a. retained earnings at December 31 . 2014, was understated by $34,000 and 2014 income was overstated by $6,000. b. retained earnings at December 31 . 2014, was understated by $42,000 and 2014 income was overstated by $6,000. c. retained earnings at December 31 . 2014, was understated by $34,000 and 2014 income was overstated by $14,000. d. 2013 income was understated by $70,000.
______ is the path and sequence of the transformation of a product into an output.
a. Critical path b. Systems process c. Facility layout d. Routing