In 2012,C Co

question 23

Multiple Choice

In 2012,C Co.disclosed cash paid for property,plant and equipment of $1.069 million and cash flow from operations of $3.883 million.Their average property,plant and equipment from the comparative statement of financial position was $3.968 million.Compute C Co.'s capital acquisitions ratio for 2012.

• A).28
• B).77
• C).98
• D)3.63

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Definitions:

Machine Hours

The total number of hours that machinery is operating during a certain period, often used in costing and operational efficiency analysis.

Oak Paneling

Decorative interior panels made from oak wood, often used in furniture, flooring, and wall covering.

Departmental Overhead Rates

The allocation of indirect costs to specific departments based on relevant cost drivers, aiding in more accurate product costing and pricing decisions.

Finishing Department

The finishing department is the final stage in the manufacturing process where goods receive their final touches or coatings before being sold.