Gala Sporting Goods Company manufactured 85,000 units in 2020 and reported the following costs: Glue Purchased $16,000 Plant rent $275,000
Materials handling 184,000 Depreciation-equipment 185,000
Spray paint Purchased 18,400 Salary of Plant Manager 38,000
Transportation in 10,500 Property taxes-equipment 27,000
Indirect manufacturing labor 175,200 Depreciation- Sales office computers 15,100
Direct manufacturing labor 1,925,000 Direct material purchases 2,798,000
Direct materials, 1/1/2018 284,000 Direct materials, 12/31/2018 264,200
Finished goods, 1/1/2018 546,000 Sales revenue 10,700,000
Finished goods, 12/31/2018 1,079,000 Sales commissions 107,000
Work-in-process, 1/1/2018 81,000 Sales salaries 473,000
Work-in-process, 12/31/2018 53,000 Advertising costs 390,000
Administration costs 700,000

Required:
Compute manufacturing overhead:

a. $929,100
b. $944,200
c. $933,700
d. $918,600

Grace period is a period of time before the credit card company starts charging late fees.truefalse

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.