A retailer's cost of goods sold during the year equals $750,000 and its average inventory on hand (at cost) equals $375,000 . Its annual rate of stock turnover equals 2
Indicate whether the statement is true or false
True
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Using the high-low method and the information below, compute the monthly variable cost per telephone hour for SKP Corporation. Month Telephone Hours Used Telephone Expenses April 100 $4,500 May 110 4,800 June 150 5,400
a. $18.00 b. $36.00 c. $34.64 d. $45.00
When actual performance varies from the budgeted performance, managers will be more likely to revise future budgets if the variances were
a. controllable rather than uncontrollable. b. uncontrollable rather than controllable. c. favorable rather than unfavorable. d. small.
Bruce, a manufacturing supervisor, sends a mixed message (in the technical meaning of the term) to his group members when he
A) speaks mostly English and some Spanish during the meeting. B) tells the group that he likes some of what the group is accomplishing but not every thing. C) wants to increase both quality and quantity of the group's output. D) arrives fifteen minutes late to a meeting he is holding to discuss the importance of promptness.
Before a trial, one party can ask the other party in writing to admit the truth of matters relating to the trial.
Answer the following statement true (T) or false (F)