Provide the correct term for each of the following definitions:
a. a cost that fluctuates with large changes in level of activity
b. a range of activity over which costs behave as predicted
c. the capacity level at which a firm believes it will operate at during the coming production cycle
d. the difference between actual variable overhead and budgeted variable overhead based on inputs
e. the difference between total actual overhead and total applied overhead
f. the difference between total budgeted overhead based on inputs and applied overhead
g. the difference between actual variable overhead and budgeted variable overhead based on output
h. the difference between actual fixed overhead and budgeted fixed overhead
a. step fixed cost
b. relevant range
c. expected annual capacity
d. variable overhead spending variance
e. total overhead variance
f. volume variance
g. efficiency variance
h. fixed overhead spending variance
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You are using the advocacy approach in group decision making when you approach group decision making like a contest to see whose idea wins
Indicate whether the statement is true or false.
During the election campaign of a labor union, management can:
A. question employees individually about their preferences. B. initiate a campaign against the union, emphasizing the costs of unionization. C. threaten to withhold benefits in the event of unionization. D. promise to provide benefits in the future in the event of nonunionization.
A drawback to the price/earnings ratio method is that
a. the stock of a private company is publicly traded. b. the stated net income of a private company may not truly reflect its actual earning power. c. it is relatively easy to find a truly comparable publicly held company, even in the same industry. d. it distorts profits earned.
Jackson has the choice to invest in city of Mitchell bonds or Sundial, Inc. corporate bonds that pay 10 percent interest. Jackson is a single taxpayer who earns $55,000 annually. Assume that the city of Mitchell bonds and the Sundial, Inc. bonds have similar risk.What interest rate would the city of Mitchell have to pay in order to make Jackson indifferent between investing in the city of Mitchell and the Sundial, Inc. bonds for 2019? (Use tax rate schedule.)
A. 8.00 percent B. 10.00 percent C. 7.20 percent D. 7.80 percent E. None of the choices are correct