Activity-based costing is determined by charging products for only the services (activities) they used during production
Indicate whether the statement is true or false
True
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Radley and Smithers share income and losses in a 2:1 ratio after allowing for salaries to Radley of $24,000 and $30,000 to Smithers. Net income for the partnership is $48,000. Income should be divided as follows:
A) Radley, $24,000; Smithers, $24,000 B) Radley, $21,000; Smithers, $27,000 C) Radley, $32,000; Smithers, $16,000 D) Radley, $20,000; Smithers, $28,000
x is a normally distributed random variable with a mean of 6 and a variance of 4. The probability that x is greater than 8.75 is
A. 0.9154. B. 0.0846. C. 0.0775. D. 0.9225.
Romeo Corporation reports the following for the year: ?Finished goods inventory, January 1$ 3,200 ?Finished goods inventory, December 31 4,000 ?Total cost of goods sold 14,200 ?? The cost of goods manufactured for the year is:
A. $17,400. B. $10,200. C. $21,400. D. $15,000. E. $11,000.
Answer the following statement(s) true (T) or false (F)
1. Deming’s quality control method is often referred to now as total quality management. 2. Quality circles do not involve employees in improving the work environment and the quality of the output by making suggestions to upper management for areas of improvement. 3. Organizational cultures also exist within local or national cultures that have their own influence on the behaviors of organizational members. 4. The ability to effectively adopt change became the difference between successful and mediocre organizations. 5. To illustrate why organizations often succeed at learning, Argyris developed two models of managerial thinking: Model I and Model II.