Petty corporation has two production departments, milling and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each production department. the milling department’s predetermined overhead rate is based on machine-hours and the finishing department’s predetermined overhead rate is based on direct labor-hours. at the beginning of the current year, the company had made the following estimates: machining finishingmachine-hours 19,000 12,000direct labor-hours 2,000 8,000total fixed manufacturing overhead cost $136,800 $69,600variable manufacturing overhead per machine-hour $1.80 variable manufacturing overhead per direct labor-hour $3.20during the current month the company started and finished job k928. the following data were recorded for this job: job k928: machining finishingmachine-hours 90 10direct labor-hours 30 50direct materials $ 775 $ 415direct labor cost $ 630 $ 1,050the estimated total manufacturing overhead for the machining department is closest to: (a) $136,800(b) $34,200(c) $171,000(d) $359,100

Long-distance providers are becoming increasingly concerned about certain activities within their industry. various companies come together voluntarily to implement new standards of social responsibility that members must abide by. what seems to be the primary motivation in this case for an increased interest in social responsibility? - because corporations are creations of society, they are responsible for giving back to the communities in which they operate.- these companies have realized it is in their best interest to increase their social responsibility before they are once again subject to stricter regulations.- these companies are using social responsibility as a means to increase their profitability, both short term and long term.- long-distance providers have started taking pride in their industry and its record for social responsibility.- they feel a responsibility to their stockholders, employees, the government, investors, and society as a whole.

Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely:

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.