The purchasing manager was able to bring down the cost of direct materials by purchasing direct materials of a slightly lower grade quality than the company had used previously
The lower grade of direct materials, however, meant a higher defect rate on the assembly line and higher wastage of direct materials during production, which in turn lowered operating income. This situation would lead to a(n) ________.
A) favorable direct materials cost variance
B) unfavorable direct labor cost variance
C) favorable direct labor efficiency variance
D) favorable direct materials efficiency variance
A
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Mike has been hired by a publishing company to write a companion book for a particular text sold to college students. In 2010, Mike completes the companion book, and he signs over his copyright to the publisher. The publisher actually publishes the book in 2013. When will the publisher's copyright run out and expire?
A. 2108 B. 2083 C. 2105 D. 2080
Audit procedures to detect fraud are generally an expansion of normal audit procedures
a. True b. False Indicate whether the statement is true or false
Out of the four biases that can hinder success in online negotiations, one is the ________ attribution bias, which occurs when negotiators mistakenly assume that another's behavior is caused by personality flaws, while overlooking the role of situational factors.
Fill in the blank(s) with the appropriate word(s).
In general, in times of rising prices, using FIFO has a favorable effect on cash flows
Indicate whether the statement is true or false