Placing resources on a detailed schedule of tasks is referred to as:
A) Placing.
B) Rectifying.
C) Loading.
D) Dragging.
C
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Research shows that the best way that a company can stand out and exceed consumer expectations for customer service is simply…….
a. do not make promises b. deliver promised value at the right price c. deliver more that expectations d. all of the above
What type of offense can result in the immediate dismissal of a unionized employee, even if no warnings have been issued?
A) attendance violation B) unsafe behavior C) participating in a sanctioned strike D) refusing to perform an activity that is not the union members regular work E) producing substandard or poor quality work
Which internal control procedure addresses the idea that the likelihood of employee fraud or theft is reduced if collusion is required to accomplish it?
A. Separation of duties B. Physical controls C. Use of prenumbered documents D. Fidelity bonding
Tulip Inc. uses standard costing, and its manufacturing standards are as follows: 2 pounds of materials at $13 per pound, and 3 hours of labor at $10 per hour. Budgeted production last period was 5,000 units, and actual production and sales was 4,800 units. Last period, Tulip purchased and used 9,800 pounds of materials for $135,000, and used 15,000 labor hours, costing $145,000. What is the journal entry to record direct labor costs to the Cost of Goods Sold account?
A.
| Cost of Goods Sold | $ | 144,000 | ||
| Wages Payable | $ | 144,000 |
B.
| Cost of Goods Sold | $ | 144,000 | ||
| Direct Labor Rate Variance | $ | 6,000 | ||
| Direct Labor Efficiency Variance | $ | 5,000 | ||
| Wages Payable | $ | 145,000 |
C.
| Cost of Goods Sold | $ | 145,000 | ||
| Wages Payable | $ | 145,000 |
D.
| Cost of Goods Sold | $ | 144,000 | ||
| Direct Labor Efficiency Variance | $ | 6,000 | ||
| Direct Labor Rate Variance | $ | 5,000 | ||
| Wages Payable | $ | 145,000 |