Great Outdoors Company makes two types of camping tents. Making a standard camping tent requires 4 hours of labor while making a deluxe camping tent requires 10 hours of labor. During the most recent accounting period the company made 2,000 standard camping tents and 500 deluxe camping tents. Indirect manufacturing costs amounted to $52,000 and are allocated based on labor hours. Based on this information:
A. $20.80 of overhead cost should be allocated to each camping tent regardless of the type of tent made.
B. $4 of overhead cost should be allocated to each camping tent regardless of the type of tent made.
C. $16 of overhead cost should be assigned to each standard camping tent and $40 of overhead cost should be assigned to each deluxe tent.
D. None of the answers are correct.
Answer: C
You might also like to view...
Which of the stages below is part of the “forgiveness process”?
A. make proactive choice to be angry to solve conflict B. recognize that anger does a great deal of good C. realize that forgiveness is rarely beneficial D. make proactive choice to not get angry often
Despite doing some things in college of which he's now not proud, Bill has gone on to become a billionaire celebrity. Recently Bill received a phone call from his old fraternity brother Pat. It seems that Pat was cleaning out his attic and found some old photos of Bill in embarrassing situations. Pat tells Bill that unless Bill pays him $100,000, he's going to the tabloids with the photos. Pat has just committed ________.
A. no crime if the photographs are accurate B. extortion, but only if the photographs have been altered C. extortion, regardless of the truth or falsity of the photos D. bribery, but only if Bill pays the $100,000 cash
Explain how the Federal Rules of Civil Procedure have been impacted by the use of database technology
What will be an ideal response?
Tallant Technologies is considering two potential projects, X and Y. In assessing the projects' risks, the company estimated the beta of each project versus both the company's other assets and the stock market, and it also conducted thorough scenario and simulation analyses. This research produced the following data: Project X Project Y Expected NPV$500,000 $500,000 Standard deviation (?NPV)$200,000 $250,000 Project beta (vs. market)1.4 0.8 Correlation of the project cash flows with cash flows from currently existing projects. Cash flows are not correlated with the cash flows from existing projects. Cash flows are highly correlated with the cash flows from existing projects.Which of the following statements is CORRECT?
A. Project X has more corporate (or within-firm) risk than Project Y. B. Project X has more market risk than Project Y. C. Project X has the same level of corporate risk as Project Y. D. Project X has less market risk than Project Y. E. Project X has more stand-alone risk than Project Y.