A favorable direct materials price variance might lead to an unfavorable direct materials quantity variance because the company purchased inferior materials.
Answer the following statement true (T) or false (F)
True
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A company has $200 in cash, $500 in accounts receivable, and $700 in inventory. If current liabilities are $400, then the quick ratio would be
a. 1.75 to 1 b. 2.25 to 1 c. 3.00 to 1 d. 3.50 to 1
The process of adjusting the bond interest expense account for any premium or discount is called depreciation
Indicate whether the statement is true or false
Which of the following types of scales are sometimes referred to as graphic rating scales?
A) noncomparative scales B) continuous rating scales C) itemized rating scales D) Likert scales E) none of the above
Clearwater Hampers has over 60 models of baskets it uses to create its picnic hampers. In addition, it selects from more than 300 different products for each hamper. Several situational factors determine what style of basket is used and what is placed in the baskets including price, recipients, and whether the basket is a seasonal gift. If Austin were to describe each basket style and each potential product in detail during his sales presentation, he would be guilty of:
A. forgetting the SELL process. B. feedback resistance. C. source manipulation. D. perceptual excess. E. breaking the KISS rule.