Which of the following is an example of direct labor cost in a factory?
A) wages of assembly line personnel
B) salary of vice president of production
C) wages of factory security guard
D) salary of production manager
A
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The term LIFO reserve refers to
a. a cost flow assumption for valuing inventory. b. the difference between the ending inventory amount under LIFO and the ending inventory amount under another inventory cost flow assumption. c. inventory pools used in the dollar-value LIFO method. d. a special fund set aside to cover LIFO liquidations.
The financial statements and notes provide information for analyzing changes in property, plant, and equipment. What ratio(s) is/are used by analysts?
a. Fixed Asset Turnover b. Proportion of Depreciable Assets c. Average Age of Depreciable Assets d. all of the above e. none of the above
Which facial expression tends to inspire the most trust?
A) a contemplative look B) a smile C) a frown D) a look of concern E) a look of skepticism
The statement Did you know you can select five family members to enjoy free access to our newspaper with your online subscription? ________
A) builds interest with an expert opinion B) motivates action C) gains attention by asking a question that focuses on reader benefits D) presents an indirect benefit