If a state has passed the accountant-client privilege law, it implies that only an accountant can serve as a witness in a case against the client
Indicate whether the statement is true or false
FALSE
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Typically, ________ is the easiest marketing mix element to change.
Fill in the blank(s) with the appropriate word(s).
What is an advantage of large, well-resourced firms in their attempts to innovate?
a. They can simply take over innovative new and small firms b. They have more creative people c. Both of the above d. None of the above
The implied warranty of merchantability requires: A) proof that the seller is a merchant
B) proof that the buyer relied on a merchant. C) proof of a defective product. D) All of the above
Stoke 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 20,000 15,000Direct labor-hours 2,000 7,000Total fixed manufacturing overhead cost$138,000$58,100Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $3.00During the current month the company started and finished Job A460. The following data were recorded for
this job:Job A460:FormingAssemblyMachine-hours 80 10Direct labor-hours 30 50The amount of overhead applied in the Assembly Department to Job A460 is closest to: (Round your intermediate calculations to 2 decimal places.) A. $79,100.00 B. $565.00 C. $150.00 D. $415.00