In a job order costing system, indirect labor costs incurred are debited to the Overhead account
Indicate whether the statement is true or false
True
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The significance of the Industrial Workers of the World was:
A. It focused on reforming the political system by forming a labor party in the United States. B. It was willing to use violence and radical measures to gain rights for workers. C. It was focused primarily on business issues like getting more pay and better working conditions. D. It provided an alternative to general unionism by focusing primarily on craft unionism.
An industrial producer is searching for a supplier for ball bearings. Its three most important supplier criteria are price, quality, and delivery reliability
The firm has decided that quality and delivery reliability should carry the same weight, and that each of them are twice as important as price. If the weights sum to 100%, what would a supplier with ratings of 40, 90, and 75 in the three respective categories score as a weighted total? A) 37 B) 370 C) 49 D) 205 E) 74
A guaranty contract must normally be in writing to be enforceable
Indicate whether the statement is true or false
A lender that makes a loan that violates its written loan policy would be violating which of the 6 Cs of lending?
A. Character B. Capacity C. Cash D. Control E. Collateral