Marks Corporation Has Two Operating Departments, Drilling and Grinding, and an Office

question 107

Multiple Choice

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: The amount of salaries that should be allocated to Grinding for the current period is:

• A) $30,000.
• B) $18,000.
• C) $15,000.
• D) $10,000.
• E) $12,500.

Learn about the criticisms of rational expectations theory and supply-side economics.

Recognize the influence of economic thought leaders and their theories on the evolution of economic policies.

Understand Keynes's beliefs and contributions to economic theories regarding recessions and government intervention.

Recognize the differences and similarities between classical economists, Keynesians, and monetarists in their approach to economic stability and growth.

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Definitions:

State Government

The organization through which political authority is exercised at the state level, governed by a state constitution, and composed of executive, legislative, and judicial branches.

U.S.Sentencing Commission

An independent agency of the judicial branch of the U.S. federal government responsible for establishing sentencing policies and practices for the federal courts, including guidelines on the sentencing of convicted offenders.

Federal Sentencing Guidelines

Rules set out by the federal government to determine the appropriate sentence for individuals and organizations convicted of federal crimes.

Judicial Discretion

The authority given to judges to make decisions based on what they believe is fair and in accordance with the law, especially in areas not explicitly outlined by statute.