In Mazetti v. Armour, a court in 1913 held that a food producer must provide food safe for human consumption, even if there is no privity of contract. Liability was based on:
a. misrepresentation b. caveat emptor
c. UCC Section 2-314
d. implied warranty of safety e. express warranty of safety
d
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The total number of shares the corporate charter allows a corporation to issue is called authorized stock
Indicate whether the statement is true or false
The average number of jobs in the work center for the jobs listed in the following table under the FCFS (first come, first served) rule is ______.
A. 3.5
B. 2.1
C. 3.23
D. 2.79
Goertz Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow:Overhead costs: Equipment depreciation$51,000Supervisory expense$3,000??Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools MachiningOrder FillingOtherEquipment depreciation0.400.100.50Supervisory expense0.200.300.50Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity
cost pool are not assigned to products. Activity data for the company's two products follow:Activity: MHs (Machining)Orders (Order Filling)Product J39,100100Product F7900900Total10,0001,000Finally, the costs of Machining and Order Filling are combined with the following sales and direct cost data to determine product margins.Sales and Direct Cost Data: Product J3Product F7Sales (total)$145,200$90,700Direct materials (total)$81,400$38,600Direct labor (total)$37,700$42,400What is the overhead cost assigned to Product F7 under activity-based costing? A. $1,890 B. $7,290 C. $27,000 D. $5,400
A local area network operates ________
A) on a customer premises B) between customer premises C) both A and B D) neither A nor B