Which of the following may be TRUE regarding mutually exclusive capital budgeting projects?
A) There is need for only one project, and both projects can fulfill that current need.
B) By using funds for one project, there are not enough funds available for the other project.
C) There is a scarce resource that both projects would need.
D) All of the above
Answer: D
You might also like to view...
Oscar, Inc, a manufacturer of gift articles, uses a single plantwide rate to allocate indirect costs with machine hours as the allocation base
Estimated overhead costs for the year are $5,000,000. Estimated machine hours are 40,000. During the year, the actual machine hours used were 45,000. Calculate the predetermined overhead allocation rate. (Round your answer to the nearest dollar.) A) $111 B) $91 C) $125 D) $63
Which of the following is used to calculate the number of units accounted for under first-in, first-out (FIFO) method of inventory valuation of process costing?
A) Accounted for = Beginning balance + Started and completed + In process B) Accounted for = Beginning balance + Started and completed C) Accounted for = Beginning balance + In process D) Accounted for = Beginning balance + Amount transferred in