Name three benefits of modular programming.
What will be an ideal response?
The benefits are programming efficiency, maintenance efficiency, and control.
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The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is:
A. Operating activities. B. Investing activities. C. Schedule of noncash investing or financing activity. D. Financing activities. E. Reconciliation of cash balance.
Compare and contrast push and pull strategies. Which strategy would be most appropriate for a new cat food product offered by Purina, which already has several cat food products on the market?
What will be an ideal response?
The following information pertains to Nova Co.'s cost-volume-profit relationships: Breakeven point in units sold 1,000Variable expenses per unit$500Total fixed expenses$150,000How much will be contributed to net operating income by the 1,001st unit sold?
A. $500 B. $650 C. $150 D. $0
Neubert Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During December, the company budgeted for 5,300 units, but its actual level of activity was 5,340 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for December:Data used in budgeting: Fixed element per month Variable element per unitRevenue - $30.00 Direct labor$0 $3.50Direct materials 0 10.40Manufacturing overhead 33,300 1.50Selling and administrative expenses 25,000 0.50Total expenses$ 58,300 $ 15.90Actual results for December: Revenue$156,340Direct labor$17,980Direct materials$56,566Manufacturing overhead$41,040Selling
and administrative expenses$28,870The direct labor in the planning budget for December would be closest to: A. $17,845 B. $17,980 C. $18,550 D. $18,690