Arbitration may be preferred over litigation because the quality of the arbitrator's decision is often higher than that available through the court system
a. True
b. False
Indicate whether the statement is true or false
True
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The detailed auxiliary record for notes receivable is called the ____________________
Fill in the blank(s) with correct word
Which of the following types of marketing research firms gathers consumer and trade information and then sells it for a fee (e.g., Nielsen Media Research)?
A) custom marketing research firms B) syndicated-service research firms C) specialty-line marketing research firms D) generic marketing research firms E) focused marketing research firms
The data below relate to the month of April for Monroe, Inc, which uses a standard cost system and a two-variance analysis of factory overhead: Actual direct labor hours used 16,500 Standard direct labor hours allowed 16,250 Actual total factory overhead $53,200 Budgeted fixed factory overhead $12,000 Budgeted activity in hours 16,000 Total overhead application rate per standard direct labor hour
$3.25 Variable overhead application rate per standard direct labor hour $2.25 What was Monroe's production-volume variance for April? a. $4,250 favorable b. $4,250 unfavorable c. $52,812.50 favorable d. $52,812.50 unfavorable
The use of the cost price approach when setting transfer prices
a. should not be used when profit and/or investment centers are involved in the transfer. b. requires only fixed costs be used in setting the transfer price. c. uses only budgeted costs. d. will motivate the division manager to make intracompany product transfers.