Trying to change the structure of an industry is
A. an opportunity.
B. shaping.
C. development.
D. refreezing.
E. adapting.
Answer: B
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Accelerated Finance is deciding whether to purchase new accounting software. The cost of the software package is $59,000, and its expected life is ten years. The payback for this investment is four years. Assuming equal yearly cash inflows, what are the expected annual net cash savings from the new software? (Assume the investment has no residual value.)
A) $5,900 B) $44,250 C) $14,750 D) $236,000
Myranda wants to implement team-based work in her organization that has always done things individually. In this example, the refreezing step might look like which of the following statements:
A. Discuss the needs for the change. B. Show a new organizational chart to employees, showing that teams are the new way that work will be organized. C. Challenge assumptions regarding working alone and getting rewarded for individual effort. D. Offering team rewards and reinforcing the new way work is organized.
Managers who often make special pricing decisions are more likely to use which of the following cost concepts in their work?
A) Total cost B) Product cost C) Variable cost D) Fixed cost
Lueckenhoff Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed:Number of units in the job40Total direct labor-hours80Direct materials$950Direct labor cost$2,720The total job cost for Job T498 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $3,670 B. $1,710 C. $3,480 D. $4,430