Refer to the following selected financial information from mccormik, llc. compute the company's current ratio for year 2. year 2 year 1 cash $ 38,500 $ 33,250 short-term investments 100,000 65,000 accounts receivable, net 90,500 84,500 merchandise inventory 126,000 130,000 prepaid expenses 13,100 10,700 plant assets 393,000 343,000 accounts payable 108,400 112,800 net sales 716,000 681,000 cost of goods sold 395,000 380,000

Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40