A standard cost accounting system can be used for
a. direct materials.
b. overhead.
c. direct labor.
d. all of these.
D
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Organizations and individuals that have proactive fraud prevention measures usually find that their prevention efforts:
a. help in training employees about appropriate behavior. b. often prompt smaller frauds. c. pay big dividends. d. aid in punishing fraud perpetrators.
________ are human needs that are shaped by culture and individual personality
A) Necessities B) Wants C) Demands D) Values E) Exchanges
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $389,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Compute the variable overhead spending variance. a. $11,000 (F) b. $11,000 (U) c. $31,000 (F) d. $41,000 (F)
Which budgeting method entails defining specific promotion goals, determining the necessary tasks, and estimating the costs to determine a promotion budget?
A) percentage-of-sales method B) objective-and-task method C) affordable method D) exponential task method E) competitive-parity method