During the month of February, direct labor cost totaled $13,000 and direct labor cost was 40% of prime cost. If total manufacturing costs during February were $80,000, the manufacturing overhead was: a. $67,000 b. $19,500 c. $47,500 d. $32,500

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

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs

What type of stock does a large company issue?