In a transaction between the true owner and the good faith purchaser for value, the law will not disturb the legal title but will rule in favor of the one who has it
Indicate whether the statement is true or false
True
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In a standard cost system,when the materials price variance is recorded at the time the material is purchased, the materials purchase price variance is obtained by multiplying the:
a. Actual price by the difference between actual quantity purchased and standard quantity used. b. Actual quantity purchased by the difference between actual price and standard price. c. Standard price by the difference between standard quantity purchased and standard quantity used. d. Standard quantity purchased by the difference between actual price and standard price.
Which of the following is the intentional withholding of meaningful information from management, which includes asking questions, expressing concerns, and offering suggestions?
A. upward communication B. voice C. silence D. e-harassment
What is the correct formula to calculate the contribution margin ratio?
a. (Sales ? Variable costs) / Sales b. Difference in total cost / Difference in production c. (Fixed costs + Target profit) / Unit contribution margin d. Fixed costs / Unit contribution margin
Department A had 4,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period, 29,000 units of direct materials were added during the period, 31,000 units were completed during the period, and 2,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in,
first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was: A) 30,200 B) 29,800 C) 33,800 D) 33,000