Folson Company is planning to produce 4,250,000 speakers for the coming year. Actual production was 4,000,000 speakers. Each speaker requires 0.80 direct labor hours per unit. Predetermined overhead rates are calculated using expected production, measured in direct labor hours. The budgeted variable overhead for the coming year is $680,000. The actual variable overhead incurred was $714,000. The
applied variable overhead for the year is:
A) $800,000.
B) $714,000.
C) $640,000.
D) $680,000.
E) none of these.
C
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A wedding planner allows $10,000 for flowers and three weeks to receive all RSVPs back from the list of 700 guests. Both estimates are correct within a fraction of a percent. We could describe this factoid as:
A) Numeric and subjective. B) Numeric and objective. C) Non-numeric and subjective. D) Non-numeric and objective.
A ________ group is a group in which there are individuals from three or more different ethnic backgrounds, such as three U.S., three German, three Uruguayan, and three Chinese managers who are looking into mining operations in Chile.
A. token B. bicultural C. multicultural D. homogeneous
When a firm's expenses are greater than its sales revenue, the firm has a
A. profit. B. loss. C. negative cash flow. D. recession. E. depression.
Electronic retailing includes the 24 hour, shop-at-home television networks and online retailing.
Answer the following statement true (T) or false (F)