National,Inc.provides the Following Data

question 108

Multiple Choice

National,Inc.provides the following data:

For the year ending December 31,2019:

Calculate the accounts receivable turnover ratio for 2019.(Round your answer to two decimal places. )

• A)5)00 times
• B)3)28 times
• C)2)50 times
• D)1)81 times

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Definitions:

Machine-Hours

A metric for attributing indirect costs to products, calculated by counting the time production machinery is operated.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products, based on estimated overhead costs and estimated activity levels, computed at the beginning of an accounting period.

Manufacturing Cost

The total expense incurred in the process of producing goods, including direct materials, direct labor, and overhead costs.

Direct Labor Cost

The expense associated with labor directly involved in the production of goods or services, excluding indirect labor costs.