Answer:
true
Explanation:
long term means it will be used for a long time thus if the price is not constant and keeps rising it wont be effective
 
        
             
        
        
        
Answer and Explanation:
The preparation of the factory overhead budget for August month is shown below:
Total budgeted direct labor  $286,000
(5,500 × 4 hours × $13)  
variable factory overhead 70%
Budgeted overhead  $200,200 ($286,000 × 70%)
Add: Fixed overhead $179,000
Budgeted total factory overhead $379,200
Hence, the budgeted total factory overhead is $379,200
 
        
             
        
        
        
Answer:
There are 4 conditions that make a market to be perfectly competitive:
- There must be a large number of buyers and sellers, and each one must be relatively small. 
- All the sellers produce identical products or services. 
- There are no barriers for entry or exit. 
- All the buyers and sellers are price takers, no one can set the price at their own will. 
 
        
             
        
        
        
Answer:
b) $665,000.
Explanation:
Primer income: $625,000
SealCoat income: $50,000
Primer interest in SealCoat is 80% therefore primer is a parent company to SealCoat and is entitled to $40,000 (80%*$50,000) on SealCoat income.
Therefore, consolidated net income for 2013 is: $665,000 (625,000+40000)
 
        
             
        
        
        
C. Only favorable information is likely to appear