The forced choice appraisal technique is expensive to develop or install
Indicate whether the statement is true or false.
T
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Thomas Company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purchased. Information for raw materials for Product RBI for the month of October follows: Standard unit price $1.75 Actual purchase price per unit $1.65 Actual quantity purchased 4,000 units Actual quantity used 3,900 units Standard quantity allowed for actual production
3,800 units What is the entry to record the purchase of materials? a. Materials 6,600 Material purchase price variance 400 Accounts payable 7,000 b. Materials 7,000 Material purchase price variance 400 Accounts payable 6,600 . c. Materials 6,600 Accounts payable 6,600 d. Materials 6,600 Material purchase price variance 330 Accounts payable 6,270
List the guiding principles that can be used to develop a routing and scheduling plan
What will be an ideal response?
Future costs that differ across alternatives are
A) opportunity costs. B) sunk costs. C) relevant costs. D) variable costs. E) product costs.
An analytical report
a. is designed to solve a specific problem or answer research questions. b. draws inferences in its body and therefore does not have a conclusions section. c. neither a nor b is correct. d. both a and b are correct.