Sampling techniques and procedures vary in accuracy, reliability, and cost from country to country
Indicate whether the statement is true or false
TRUE
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_____ is the raw material in the production of information.
A. Data B. Money C. Node D. Program
In building brand equity, marketers should be "media neutral" and evaluate all communication options on effectiveness and efficiency
Indicate whether the statement is true or false
Rhodes Corporation manufactures a product with the following standard costs: Direct materials (20 yards @ $1.85 per yard) $ 37.00 Direct labor (4 hours @ $12.00 per hour) 48.00 Variable factory overhead (4 hours @ $5.40 per hour) 21.60 Fixed factory overhead (4 hours @ $3.60 per hour) 14.40 Total standard cost per unit of output $121.00 Standards are based on normal monthly production involving
2,00 . direct labor hours (500 units of output). The following information pertains to the month of July: Direct materials purchased (16,00 . yards @ $1.80 per yard) $28,800 Direct materials used (9,400 yards) Direct labor (1,880 hours @ $12.20 per hour) 22,936 Actual factory overhead 16,850 Actual production in July: 460 units a. Compute the following variances for the month of July, indicating whether each variance is favorable or unfavorable: (1) Materials purchase price variance (2) Materials quantity variance (3) Labor rate variance (4) Labor efficiency variance b. Give potential reasons for each of the variances. Be sure to consider inter-relationships among variances.
Based on the information in the following income statement and balance sheet for Monterey Corporation, determine the cash flows from operating activities using the direct method.Monterey CorporationIncome StatementFor Year Ended December 31, Year 2Sales? $ 504,000Cost of goods sold 327,600 ?Depreciation 42,000 ?Other operating expenses 125,500 (495,100)Other gains (losses):?? Gain on sale of equipment? 7,200Income before taxes? 16,100Income tax expense? (4,800)Net income? $ 11,300Monterey CorporationBalance SheetsAt December 31? Year 2Year 1Cash $64,650 $55,800Accounts receivable 21,000 29,000Inventory 58,000 52,100 Equipment 240,000 222,000 Accumulated depreciation (106,000)
(96,000)Total assets $277,650 $262,900??? Liabilities:?? Accounts payable $28,400 $23,700 Income taxes payable 1,050 1,200 Total liabilities $29,450 $24,900Equity:?? Common stock $106,000 $106,000 Paid-in Capital in Excess of Par 18,000 18,000 Retained earnings 124,200 114,000 Total equity $248,200 $238,000Total liabilities and equity $277,650 $262,900 What will be an ideal response?