It is not necessary to record the names and titles of those present at a meeting

Which of the following is not necessarily true for an operating segment?

A) an operating segment earns revenues and incurs expenses B) the chief operating decision maker regularly reviews an operating segment to assess performance and make resource allocation decisions C) Discrete financial information generated by the internal accounting system is available for an operating segment. D) an operating segment regularly generates a profit from its normal ongoing operations

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%