Under recent statutes, the articles of incorporation must contain all of the following except the: ______
A) name of the corporation.
B) name and address of each incorporator.
C) purpose for which the corporation is organized.
D) number of shares the corporation is authorized to issue.
C
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Conducting research that matches the product to the media and the target market is the primary task of the:
A) creative B) media planner C) media buyer D) client company
When rivalry between two organizations is bringing down prices in a market, the situation is
improved by the entrance of a third organization into the market. Indicate whether the statement is true or false
Practitioners agree that the purpose of ______ is to “help an organization understand its behavior and its present situation—what’s going on, how it’s going on—so that something can be done about it.”
a. feedback b. data gathering c. interviews d. diagnosis
Kita Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials3.3pounds$7.50per pound$24.75Direct labor0.80hours$20.50per hour 16.40Fixed manufacturing overhead0.80hours$18.50per hour 14.80Total standard cost per unit $ 55.95During the year, the company assigned direct labor costs to work in process. The direct labor workers (who were paid in cash) worked 24,820 hours at an average cost of $21.20 per hour.Assume that all transactions
are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,100,000$49,500$0$50,355$559,900=$0$0?Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,759,755When the direct labor cost is recorded, which of the following entries will be made? A. $17,374 in the Labor Efficiency Variance column B. ($17,374) in the Labor Rate Variance column C. ($17,374) in the Labor Efficiency Variance column D. $17,374 in the Labor Rate Variance column