The following balances have been taken from the general ledger for CCC Manufacturing Company: Raw Materials Inventory (1-12-2014)

Rs. 40,000

Raw Material Purchases

190,000

Raw Materials Returns

9,000

Carriage Inwards

15,000

Direct Labor

250,000

Indirect Labor

60,000

Depreciation (Machinery)

30,000

Hear, Light and Power

25,000

Factory Rent and Taxes

31,000

Factory Repairs Expense

19,000

Foreman ‘s Salary

25,000

Raw Material (31-12-2014)

58,000

Work in Process (1-12-2014

63,000

The foreman estimates that Rs. 32,000 of Raw Materials and Rs. 25,000 of Direct Labor are to be allocated to the unfinished goods in process on 31-12-2014.

Determine the FOH Rate based on direct labor cost.

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

Which of the following is a problem for the production of public goods?

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?