High-level appellate courts are also referred to court of last resort. It is refers to a court of final appeal in a jurisdiction. The court of last resort is a legal term that can be simplified as the court of the highest authority. The most common term that you can always equate to this is supreme court.
Answer:
a.$5,667
Explanation:
According to the weighted average cost method, all units on inventory must be priced equally. If the company had 1,000 units at $1.00 and purchased an additional 5,000 units for $5,800, the total cost per unit is:
If 5,000 units were sold, the cost of goods sold is:
Palmer Company's cost of goods sold was $5,667.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Materials handling $27,000
Direct materials $3,000 Direct labor (600 hours) $9,000 Number of material moves 4
Expected activity for the four activity drivers that would be used are: Machine hours 5,000 Material moves 600 Setups 200 Quality inspections 1,000
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 27,000/600= $45 per material move
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 45*4= $180
Because banks hold reserves in amounts that are less than the amounts of their deposit liabilities, and because the deposit liabilities are considered money in their own right, fractional-reserve banking permits the money supply to grow beyond the amount of the underlying base money.
