The sales price variance is the actual selling price per unit times the difference between budgeted number of units and the actual number of units sold.
Answer the following statement true (T) or false (F)
False
Sales price variance is the difference between actual and budgeted selling price times the actual number sold.
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Pension expense is likely to be both more volatile and lower under IFRS than pension expense computed under U.S. GAAP.
Answer the following statement true (T) or false (F)
This question contains multiple parts; be sure to answer all of them. First, what exactly is a business model? What should it specify? Next, suppose you are planning to start a personal training business. Third, write a one-paragraph business model.
What will be an ideal response?
Tina owns a workshop that specializes in making intricate wooden decorative items. She makes scale models of most of the existing objects around the world. She faces virtually no competition in her business and thus enjoys a stable growth. The opportunity of _____ is highlighted in the given scenario.
A. providing personal customer service B. having lower overhead costs C. using technology D. exploiting market niches
If the manufacturing lead time of an item is reduced by 50%, the work in process inventory:
A) is reduced by approximately 50%. B) is reduced by approximately 70%. C) does not change. D) More information is needed for this problem.