Which of the following statements is not true a When a companys sales revenue

Which of the following statements is not true a when

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25. Which of the following statements isnottrue? 26.Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period: 27. La More Company had the following transactions during 2016:Sales of $9,000 on accountCollected $4,000 for services to be performed in 2017Paid $3,750 cash in salaries for 2016Purchased airline tickets for $500 in December for a trip to take place in 2017What is La More’s 2016 net income using accrual accounting? 28. Miller Manufacturing’s degree of operating leverage is 1.5. Warren Corporation’s degree of operating leverage is 3. Warren’s earnings would go up (or down) by ________ as much as Miller’s with an equal increase (or decrease) in sales. 29. If a plant is operating at full capacity and receives a one-time opportunity to accept an order ata special price below its usual price, then:
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30. Differences between a job order cost system and a process cost system include all of the following exceptthe: 31.Based on the following data, what is the amount of working capital?Accounts payable………………………………………………………..$64,000Accounts receivable……………………………………………………..114,000Cash………………………………………………………………………. 70,000Intangible assets…………………………………………………………100,000Inventory…………………………………………………………………. 138,000Long-term investments…………………………………………………..160,000Long-term liabilities……………………………… ……………………...200,000Short-term investments…………………………………………………...80,000Notes payable (short-term)………………………………………………..56,000Property, plant, and equipment………………………………………..1,340,000Prepaid insurance……………………………………………………….......2,000
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