Dean Solicits Investors for a Nonexistent Business, EApps

question 35

Multiple Choice

Dean solicits investors for a nonexistent business, eApps. Dean is arrested and charged with "mail fraud." This requires intent to

• A)claim that an item is "in the mail" when it is not.
• B)defraud postal authorities.
• C)use the U.S. mail.
• D)defraud the public.

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Definitions:

Job-Order Costing System

A costing system that assigns costs to specific production jobs, useful for customized orders.

Predetermined Overhead Rate

is a rate used to allocate manufacturing overhead to products, calculated before the accounting period based on estimated costs.

Manufacturing Departments

Units within a manufacturing organization, each specializing in a different stage or aspect of the production process.

Machine-Hours

A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs in some costing systems.