Wally Company has the following stock outstanding: Preferred stock: 6%, $20 par value, 2,000 shares outstanding. This preferred stock has cumulative dividend preference. Two years of preferred dividends were in arrears.
Common stock: $10 par value, 5,000 shares outstanding.
Wally issues a $30,000 dividend this year. Which of the following is true?
A. Preferred stockholders receive $4,800 in dividends this year because there are two years of dividends arrears.
B. Preferred stockholders have preference because they recelve a greater dollar amount of dividends than what the common stockholders receive.
C. Common stockholders receive $27,600 in dividends this year, after the preferred stockholders are paid first.
D. Preferred stockholders receive $7,200 in preferred dividends this year, and are paid before the common stockholders.
E. Common stockkholders receive $0 in dividends this year since there are dividends in arrears for the preferred stockholders.

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.