Efore the year began, Butler Manufacturing estimated that manufacturing overhead for the year would be $ 175 comma 500 and that 14 comma 000 direct labor hours would be worked. Actual results for the year included the following: Actual manufacturing overhead cost $ 184 comma 500 Actual direct labor hours 14 comma 500 The amount of manufacturing overhead allocated for the year based on direct labor hours would have been . (Round intermediary calculations to the nearest cent and final answer to the nearest dollar.)

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.

Which of the following statements is true about an atm card?