At Methods Corp., a maker of premium art pencils, the human resource department is evaluating its pay structure. A compensation specialist computes the compa-ratio of the designers and determines that it is 1.9. What problem is most likely to result from a compa-ratio of this size?
A. The company may be in violation of the Fair Labor Standards Act.
B. The company may have difficulty keeping costs under control.
C. The company may have misclassified these employees as exempt when they are nonexempt.
D. The company may not have met minimum-wage requirements.
E. The company may have difficulty attracting and keeping qualified employees.
Answer: B
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An employee witnesses a coworker make fun of another coworker’s clothing. The target of the insult was clearly hurt by it, but both parties went on with their workday and the subject did not come again. What should the employee who witnessed the incident do?
a. Intervene and try to negotiate a solution. b. Nothing; no pattern has been established. c. Watch the employees to see if it happens again. d. Mention the incident to a relevant supervisor.
Which of the following statements is not correct?
a. A change from an inappropriate accounting principle to a proper one should be accounted for as an accounting error. b. A change from an inappropriate accounting principle to a proper one should be accounted for as a change in accounting principle. c. A change from an inappropriate accounting principle to a proper one should be accounted for retrospectively. d. A change from an inappropriate accounting principle to a proper one may require an adjustment to beginning retained earnings for the earliest year reported.
Digby Company manufactured and sold 37,000 units of its product at a price of $93 per unit. Total variable cost per unit is $60, consisting of $58 in variable production cost and $2 in variable selling and administrative cost. Fixed costs of manufacturing are $350,000.a. Compute the manufacturing margin for the company under variable costing.b. Compute the contribution margin based on this data.c. Compute the gross margin under absorption costing.
What will be an ideal response?
Attitudes define one's predispositions toward given aspects of the world.
Answer the following statement true (T) or false (F)