Open systems are all relevant forces outside a firm’s boundaries.
a. true
b. false
Ans: b. false
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The formula to compute direct labor rate variance is to calculate the difference between
A) actual costs + (actual hours standard rate) B) actual costs - standard cost C) (actual hours standard rate) - standard costs D) actual costs - (actual hours standard rate)
Which of the following accounting system outputs is not needed for cost-volume-profit analysis?
A) Sales price per unit B) Variable costs per unit C) Total fixed costs D) Fixed cost per unit
Budgets that are periodically revised and have new periods added to replace those that have lapsed are called:
A. Capital expenditures budgets. B. Sales budgets. C. Rolling budgets. D. Cash budgets. E. Production budgets.
Use Scenario 6.1 to determine the total processing time for carpincho gloves
A) 14 days 585 seconds B) 14 days C) 14 days minus 585 seconds D) 585 seconds