Which of the following is a true statement? A. Ratification of an agent's unauthorized contract on behalf of the principal may be ratified by the principal in some circumstances.
B. Vicarious liability very likely will be imposed on an employer who hires an independent contractor to engage in the storage of poisonous gases.
C. A sole proprietorship is a separate legal entity for tax purposes and thus the entity must file its own tax return.
D. A franchise is an association of members comparable to a union organized to provide an information sharing exchange among the members about economic issues.

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

Why is efficiency an important economic goal?

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.