Reverse stock splits are initiated when a stock is selling at a very low price to appear respectable

Which of the following is true of Just-in-Time (JIT) Management?

A) It results in more storage and insurance costs. B) It is a system in which the company produces products only after receiving an order. C) It promotes surplus inventory to prevent production shut-down in case of supply interruptions. D) It requires a surplus inventory of finished goods to ensure timely, or just-in-time, delivery to customers.

Archangel Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs

The production details for the year are given below: Total manufacturing overhead costs estimated at the beginning of the year $140,000 Total direct labor costs estimated at the beginning of the year $330,000 Total direct labor hours estimated at the beginning of the year 11,000 direct labor hours Actual manufacturing overhead costs for the year $150,000 Actual direct labor costs for the year $360,000 Actual direct labor hours for the year 11,600 direct labor hours Calculate the manufacturing overhead allocation rate for the year based on the above data. (Round your final answer to two decimal places.) A) 42.42% B) 257.14% C) 235.71% D) 1,206.90%