FALSE. A company's code of ethics or code of business conduct describes how the leaders must behave, not the employees.
A net worth statement, insurance plan, and budget are all part of a saving and investment plan.
Answer:
The answer is B.$21.19 per machine hour.
Explanation:
We have the expected total overhead cost next years = Total expected indirect labor + Total expected factory utilities = 8,320,000 + 155,500 = $8,475,500.
Total expected machine hour = 400,000 hours.
The company's plantwide overhead rate = Expected total overhead cost next years/ Total expected machine hour ( which is an overhead allocation base) = $8,475,500 / 400,000 = $21.19 per machine hour ( round to two decimal places).
So, the answer is B.$21.19 per machine hour.
Answer:
3. Units of work-in-process inventory
Explanation:
- The equivalent units of the production is an expression of the amount of the works done by manufacturers in the units of the outputs that are partially complete and the end of the accounting period
- Are found in the full and the partially completed units and these cost units are reported by the production department of the manufactures and that needs a process costing system.
Answer:
$60 million
Explanation:
The quick ratio is the financial ratio of the current assets less inventory to current liabilities. While the accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity.
This may be expressed mathematically as
Assets = Liabilities + Equity
Given that quick ration is 1.7 and current liabilities = $50 million
1.7 = current assets less inventory/$50 million
current assets less inventory = 1.7 * $50 million
= $85 million
The total asset is made up of the current assets less inventory, inventory, fixed assets. Let the balance for fixed assets be y
$85 + $65 + y = $210 (all amounts in millions)
y = $210 - $150 (all amounts in millions)
y = $60 (all amounts in millions)