Select the family member who is offering the most diversification to the rest of the family
A) Dad works for General Motors
B) Mom works for Goodyear
C) Daughter works for Jiffy Lube
D) Son works for Eli Lilly & Company
D
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Answer the following statements true (T) or false (F)
1) When a manufacturing company uses a standard cost system, Work-in-Process Inventory is debited at standard input quantities and standard costs. 2. When a manufacturing company uses a standard cost system, an unfavorable variance is a contra expense 3. The standard cost income statement doesn't alter the actual operating income—it simply emphasizes the variances from standard. 4. On a standard cost income statement, the variances with debit balances are shown in parentheses because they are contra expenses and therefore decrease the expense Cost of Goods Sold. n a Standard Cost System? (H1)
A clothing manufacturer has decided to buy its cotton only from those growers that grow it organically. This is an example of
A. product greening. B. strategic greening. C. quasi-strategic greening. D. global greening. E. tactical greening.
Songster Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original BudgetActual CostsFixed overhead costs: Supervision$14,100 $13,650 Utilities 5,300 5,060 Factory depreciation 7,200 7,470 Total overhead cost$ 26,600 $ 26,180 The company based its original budget on 3,500 machine-hours. The company actually worked 3,700 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,820 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month?
A. $2,432 Favorable B. $420 Favorable C. $2,432 Unfavorable D. $420 Unfavorable
A contract for a sale of growing crops or timber to be cut is a contract for a sale of goods.
Answer the following statement true (T) or false (F)