In a standard cost system, the standard overhead allocation rate replaces the predetermined

overhead allocation rate but the concept is the same.

Indicate whether the statement is true or false

TRUE

Business

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Teresa manages a local retail store. She regularly works over 40 hours per week, is ineligible for overtime pay, and earns a salary of $50,000 a year. She is considered to be a/an

A. exempt employee. B. nonexempt employee. C. 1099 employee. D. independent contractor.

Business

As compared with direct store delivery, a major advantage to the use of central warehousing is the _____

a. need for lower overall inventory levels b. need for extra handling for perishables c. ability to easily shift goods from one retail location to another d. increased capability for quick response inventory planning

Business