Money sent out of a politically or economically unstable country to one perceived as a safe haven is known as protected capital

Doric Agricultural Corporation uses a predetermined overhead allocation rate based on the direct labor cost

The manufacturing overhead cost allocated during the year is $300,000. The details of production and costs incurred during the year are as follows: Actual direct materials cost $812,000 Actual direct labor cost $170,000 Actual overhead costs incurred $264,000 Total direct labor hours 5,580 hours What is the predetermined overhead allocation rate applied by the corporation? (Round your answer to two decimal places.) A) 88.00% B) 64.39 % C) 176.47% D) 36.95%

Fixed costs divided by contribution margin per unit equals the breakeven point in unit sales

Indicate whether the statement is true or false