Which of the following statements concerning power and authority is correct?
a. It is correct to have influence yet no responsibility for the actions taken.
b. Personal constructs of the user determine the strength of the power exerted.
c. In order for power to be meaningful, it has to be accepted.
d. Power and authority mean basically the same thing.
C
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Protecting intellectual property, such as patents, trademarks and copyrights, can lead to which two consequences?
What will be an ideal response?
Ferrell, Inc used $213,000 of direct materials and incurred $111,000 of direct labor costs during the year
Indirect labor amounted to $8,100, while indirect materials used totaled $4,800. Other operating costs pertaining to the factory included utilities of $9,300; maintenance of $13,500; repairs of $5,400; depreciation of $23,700; and property taxes of $7,800. There was no beginning or ending finished goods inventory. The Work-in-Process Inventory account reflected a balance of $16,500 at the beginning of the period and $22,500 at the end of the period. Required: Prepare a schedule of cost of goods manufactured for Ferrell, Inc using the format below. Cost of Goods Manufactured Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead: Indirect Labor Used Indirect Materials Utilities Maintenance Repairs Depreciation Property Taxes Total Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured What will be an ideal response