The focus of a database, the business problem it is designed to solve is called:

Fisher Manufacturing uses a standard cost system

Data on standard costs and actual costs are as follows: Direct materials: Standard Actual Direct materials units per unit of output 2.0 3.3 Sales price per unit of direct materials $5.00 $4.80 Direct materials cost per unit $10.00 $16.00 Number of units 3,000 3,000 Direct materials cost $30,000 $48,000 Direct labor: Standard Actual Hours per unit 0.5 0.4 Cost per hour $18.00 $20.00 Labor cost per unit $9.00 $8.00 Number of units 3,000 3,000 Direct labor cost $27,000 $24,000 Variable overhead* Standard Actual Hours per unit 0.5 0.4 Cost per hour $30.00 $29.00 Variable overhead cost per unit $15.00 $11.60 Number of units 3,000 3,000 Variable overhead cost $45,000 $34,800 *allocated based on direct labor hours Fixed overhead* Standard Actual Hours per unit 0.5 0.4 Cost per hour $10.00 $9.00 Fixed overhead cost per unit $5.00 $3.60 Number of units 3,000 3,000 Fixed overhead cost $15,000 $10,800 *allocated on the basis of direct labor hours Give the journal entry to transfer the cost of units from Work-in-Process Inventory to Finished Goods Inventory. What will be an ideal response

Which of the following statements pertaining to key-person life insurance is CORRECT?

A) The owner of a company cannot be considered a key person. B) At the death of the key person, proceeds are paid to that person's beneficiary. C) The policy is a company-owned asset. D) The insured key person controls the policy."