The most common price performance measures include actual purchase price versus planned purchase price comparisons, actual purchase price(s) compared to a market index, comparisons of actual-to-actual purchase prices for individual and aggregated items between operating plants or divisions within an organization, and target prices achieved
a. True
b. False
Indicate whether the statement is true or false
True
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Which balance sheet accounts are most affected by operating activities?
a. Current assets and current liabilities b. Long-term assets c. Long-term liabilities d. Stockholders' equity
________ leaders make all decisions on their own and then announce them to employees.
A. Transformational B. Chaotic C. Persuasive D. Autocratic E. Democratic
Varela Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$5.95Direct labor$3.30Variable manufacturing overhead$1.60Fixed manufacturing overhead$3.00Fixed selling expense$0.50Fixed administrative expense$0.40Sales commissions$1.50Variable administrative expense$0.50 For financial reporting purposes, the total amount of period costs incurred to sell 4,000 units is closest to:
A. $3,600 B. $7,700 C. $11,600 D. $8,000
If a model contains uncertain outputs, it can be very misleading to build a deterministic model by using the means of the inputs to predict an output. This is called the
A. Law of Large Numbers. B. Flaw of Averages. C. Law of Inevitable Disappointment. D. Central Limit Theorem.