A summarized report of title to property is called: ______
A) title protection insurance.
B) title assessment insurance.
C) an abstract of title.
D) an instrument of title.
C
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Omar, an OD consultant, is working with members of a cross-functional team to build cohesiveness and practice skills to function better as a team. Omar is conducting the ______ stage of the OD process.
A. feedback B. diagnosis C. evaluation D. changing E. treatment, or intervention,
Cash equivalents include money market accounts, commercial paper, and U.S. Treasury bills
Indicate whether the statement is true or false
If actual direct labor hours (DLHs) are less than standard direct labor hours allowed and overhead is applied on a DLH basis, a(n)
a. favorable variable overhead spending variance exists. b. favorable variable overhead efficiency variance exists. c. favorable volume variance exists. d. unfavorable volume variance exists.
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs:
Workin Process Balance on 3/1Job 33 $ 6,000Job 34 3,600$ 9,600Source documents revealed the following during March: Materials Requisitions Forms Labor TimeTickets Status of Job at Month-EndJob 33 $ 2,800 $ 5,900 Completed and soldJob 34 2,300 4,000 Completed, but not soldJob 35 3,600 3,800 In processIndirect 800 2,000 $ 9,500 $ 15,700 The company applies overhead to products at a rate of 55 percent of direct labor cost.Required:Prepare journal entries to record the materials requisitions, labor costs, and applied overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)1Record the issuance of raw materials to production.2Record Oak Creek Furniture Factory’s payroll costs.