Hh company uses lifo. hh disclosed that if fifo had been used, inventory at the end of 2011 would have been $20 million lower than the difference between lifo and fifo at the end of 2010. assuming hh has a 30% income tax rate:
a. its reported cost of goods sold for 2011 would have been $20 million higher if it had used fifo rather than lifo for its financial statements.
b. its reported cost of goods for 2011 would have been $14 million less if it had used fifo rather than lifo for its financial statements.
c. its reported cost of goods sold for 2011 would have been $14 million higher if it had used fifo rather than lifo for its financial statements.
d. its reported cost of goods for 2011 would have been $20 million less if it had used fifo rather than lifo for its financial statements.

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.