The company maintains several standards for the allocation of indirect labor to factory overhead. 70% of Stockhandlers wages are allocated to Stamping and 30% to Finishing. Supervisors are allocated at 60% to Stamping and 20% to Finishing while the balance is left as a period expense due to activities outside production. Because of the ratio of production equipment to office equipment 40% of

depreciation is allocated to Stamping, 30% is allocated to Finishing while the balance is left as a period expense representing office equipment. If the stockhandlers wages are $2,750, the supervisors wages are $4,550, and the depreciation for the period is $15,000, the proper journal entry would be:
A) Oct 31 Factory Overhead - Stamping 10,655Factory Overhead - Finishing 6,235Wage Expense 6,390Depreciation Expense 10,500
B) Oct 31 Factory Overhead - Stamping 10,655Factory Overhead - Finishing 6,235Cash 16,890
C) Oct 31 Factory Overhead 16,890Cash 16,890
D) Oct 31 Accounts Payable 16,890Wage Expense 6,390Depreciation Expense 10,500

A

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What will be an ideal response?

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Marketers must be aware of the impact of SRC and other cultural assumptions since:

A) it can have several positive effects on market planning. B) it enhances management's willingness to pursue market research. C) it can help ensure that the research effort is designed with minimal home-country bias. D) it can help ensure that the research effort is designed with minimal second-country bias. E) All of the above are correct.

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