Inspection of shipments in the receiving department would be improved if the documentation showed the value of the inventory
Indicate whether the statement is true or false
F
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What does the theory of cognitive dissonance mean?
A) People tend to avoid information opposed to their own points of view. B) People tend to seek out new information to decrease their dissonance. C) People tend to seek out information that supports their own attitudes. D) People tend to make social judgments about new information.
Planning is looking ahead to see what actions should be taken to avoid particular goals
Indicate whether the statement is true or false
Lemon Yellow Company produces children's clothing that requires two processes, cutting and sewing, to complete. The company is concerned about one product, a hooded jacket, which hasn't been selling as well as it had in past years. Information related to the 20,000 jackets produced annually is shown in the following table:Direct materials$26,000Direct labor? Cutting Department (200 DLH x $20 per DLH)$4,000 Sewing Department (2,000 DLH x $22 per DLH)$44,000Machine hours? Cutting Department160 MH Sewing Department 1,500 MHLemon Yellow's total expected overhead costs and related overhead data are shown below. The company uses departmental overhead rates based on direct labor hours in the Cutting Department and machine hours in the Sewing Department.?Cutting
DepartmentSewingDepartmentDirect labor hours16,000 DLH175,000 DLHMachine hours3,200 MH30,000 MHManufacturing overhead costs $480,000$240,000Assume this jacket currently sells for $10. How much profit does the company make per jacket? What will be an ideal response?
Economic coercion that compels a person to enter into a contract renders that contract void
a. True b. False Indicate whether the statement is true or false