In right-to-work states, only the workers who vote to be represented by a union are covered by the collective bargaining agreement between the employer and the union
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following activities is most likely to have a cash flow effect?
a. Investing in money market funds b. Declaring cash dividends c. Reissuing treasury stock d. Issuing stock to acquire a patent
Plant assets used in conjunction with a natural resource typically are depreciated
A) using income tax depreciation. B) using an accelerated depreciation method. C) on the same basis as depletion is computed. D) on a straight-line basis.
Which of the following is the best example of a determinant characteristic for airline travel?
a. Oxygen masks b. Plane size c. Availability of frequent flier miles d. Having cocktail service e. Floatation devices
A company uses the following standard costs to produce a single unit of output. ? Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct labor rate variance for the month was:
A. $3,650 unfavorable B. $3,650 favorable C. $1,200 favorable D. $2,450 favorable E. $1,200 unfavorable