____________________ bonds are backed by specific corporate assets
Fill in the blank(s) with correct word
Secured
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Opal Manufacturing Company established the following standard price and cost information: Sales price$50per unitVariable manufacturing cost 32per unitFixed manufacturing cost$100,000totalFixed selling and administrative cost$40,000total Opal expected to produce and sell 25,000 units. Actual production and sales amounted to 26,500 units.Required:(a) Determine the sales volume variances, including variances for number of units, sales revenue, variable manufacturing cost, fixed manufacturing cost, and fixed selling and administrative cost. (b) Classify the variances as favorable (F) or unfavorable (U). (c) Comment on the usefulness of the variances with respect to performance evaluation. (d) Explain why the fixed cost variances are zero.
What will be an ideal response?
In job-order costing, the journal entry for $1,700 of unpaid direct labor is: Work in Process ...................... 1,700 Wages Payable ...... 1,700
Indicate whether the statement is true or false
Individual debtors are allowed to keep some assets in a Chapter 7 bankruptcy
a. True b. False Indicate whether the statement is true or false
The most important reason that dissatisfied customers are so significant is that they
A) usually ask for a refund. B) tend to not become a repeat customer. C) tell many other people about their dissatisfaction. D) fill consumer satisfaction surveys with exaggerated, negative comments.