After years working in a local restaurant, Mika left to start her own catering business. Since she is self-employed, Mika is covered by OSHA.
Answer the following statement true (T) or false (F)
False
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Describe team mental models (TMMs) and explain why they are important.
What will be an ideal response?
Leshem Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable manufacturing overhead$52,920 Budgeted production (a) 20,000unitsStandard hours per unit (b) 0.70machine-hoursBudgeted hours (a) × (b) 14,000machine-hours Actual production (a) 16,000unitsStandard hours per unit (b) 0.70machine-hoursStandard hours allowed for the actual production (a) × (b) 11,200machine-hours Actual variable manufacturing overhead$30,784 Actual hours 10,400machine-hours?The variable overhead rate variance is:
A. $8,528 F B. $8,528 U C. $9,184 F D. $9,184 U
If a person is arrested on suspicion of a crime, they are immediately taken to the grand jury for consideration for an indictment
a. True b. False Indicate whether the statement is true or false
Master Mfg., Inc, contracted with Accur Computer Repair Corp to maintain Master's computer system. Master's manufacturing process depends on its computer system operating properly at all times. A liquidated damages clause in the contract provided that Accur pay $1,000 to Master for each day that Accur was late responding to a service request. On January 12, Accur was notified that Master's
computer system had failed. Accur did not respond to Master's service request until January 15 . If Master sues Accur under the liquidated damages provision of the contract, Master will: a. Win, unless the liquidated damage provision is determined to be a penalty. b. Win, because under all circumstances liquidated damages provisions are enforceable. c. Lose, because Accur's breach was not material. d. Lose, because liquidated damage provisions violate public policy (5/93, Law, #25).