Decorte Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data:Total direct labor-hours10,000Total fixed manufacturing overhead cost$ 33,000Variable manufacturing overhead per direct labor-hour$ 2.50 Recently, Job K332 was completed with the following characteristics:Number of units in the job70Total direct labor-hours140Direct materials$ 455Direct labor cost$ 5,320The amount of overhead applied to Job K332 is closest to:
A. $462
B. $1,162
C. $350
D. $812
Answer: D
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Which of the following best describes the use of XBRL style sheets?
A. Style sheets determine the formatting of numbers and text in the XBRL taxonomy. B. Style sheets are another name for XBRL instance documents. C. Style sheets allow for presentation of selected data from XBRL documents in a way that humans can read. D. Style sheets determine which elements may be used when companies submit their XBRL filing.
Calculate and indicate the composite reliability of Component 2 for the system shown in the following figure:
A. 0.90
B. 0.95
C. 0.99
D. 0.97
While they have many differences, millennials and members of Gen Z both value ______.
A. individualism and competitiveness B. pay and job security C. teamwork D. transparency
The adjusting entry to recognize work completed on unearned revenue involves which of the following?
A. An increase in liabilities and a decrease in equity B. An increase in assets and a decrease in liabilities C. A decrease in assets and a decrease in liabilities D. A decrease in liabilities and an increase in equity