Today's organizations use the Internet as their only computer network
Indicate whether the statement is true or false
FALSE
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The following information relates to Randolph Manufacturing's overhead costs for the month:
Randolph allocates manufacturing overhead to production based on standard direct labor hours.
Randolph reported the following actual results for last month: actual variable overhead, $14,500; actual fixed overhead, $5,400; actual production of 4,700 units at 0.22 direct labor hours per unit. The standard direct labor time is 0.20 direct labor hours per unit.
Compute the variable overhead efficiency variance. (round the answer to the nearest dollar)
Which of the following is typically true of work teams?
a. Although the concept of work teams has been widely used in the U.S. for some time, it has not gained significant support in other countries. b. Work teams occasionally experience a drain on their collaborative energy; this drain is referred to as synergy. c. Employees in a self-directed work team handle a wide array of functions and work with a minimum of direct supervision. d. Work team members typically set their own goals without management input and plan how to work to achieve those goals.
When the quantity of materials purchased and materials used is different, which of the following is more relevant for the purpose of calculating the direct materials price variance?
A) Standard quantity allowed B) Actual quantity purchased C) Actual quantity used D) The lower of the standard quantity allowed and the actual quantity purchased
If you are very concerned over potential loss of principal, you should invest only in bonds with long maturities
Indicate whether the statement is true or false.