Since ________ are infused into almost everything most people do it is important to understand what effect they have on everyday purchases and decisions.
A) goals
B) risks
C) taxes
D) formulas
E) None of the answers are correct
C) taxes
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The supplies account has a balance of $1,000 on January 1. During January, the company purchased $25,000 of supplies on account and the liability was appropriately recorded. A count of supplies at the end of January indicates a balance of $3,000. Which one of the following is a correct amount to be reported on the company's financial statements for the month ending January 31?
A) Supplies expense - $23,000 B) Supplies on hand - $1,000 C) Accounts payable - $28,000 D) Supplies expense - $26,000
When designing production facilities, designers generally find that
A. computer-integrated manufacturing (CIM) systems permit economic batch quantity to be reduced to one. B. general-purpose machines require a more narrow range of skills than might be necessary for a special-purpose machine. C. they have to choose between low-output specialized machinery and higher-output, general-purpose machines. D. automated machinery enables a high level of flexibility regarding product variety and sizes.
Carlton Corporation Carlton Corporation produces and sells faux-leather handbags. In the current year, the company budgeted for the production and sale of 1,000 handbags; however, 900 handbags were actually produced and sold. Each bag has a standard requiring two yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs for the production
of 900 bags were $7,215 for materials (1,850 yards purchased and used @ $3.90 per yard) and $10,125 for labor (1,125 hours @ $9.00 per hour). Refer to the Carlton Corporation information above. Carlton's direct materials price variance is: A) $195 U. B) $ 15 U. C) $185 F. D) $180 F.
. Some of the benefits of deliberate practice are:
a. enhanced ability to store and retrieve information b. the ability to discern the differences between relevant and irrelevant info c. a deeper understanding of complex patterns d. all of these