Which of the following is an example of an organization's customer-related objective?
A) maintaining positive cash flow to survive double -dip recession
B) increasing preference of our brand over brand Z, for target market X, from 22% to 33% by
end of calendar year
C) increasing the portion of the market controlled in new market Y from 0% to 12% within
one year
D) improving recommendations rate from 40% to 75% of customers surveyed, by end of year
D
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In a service organization using a job order costing system, actual overhead will be the same as applied overhead
Indicate whether the statement is true or false
The terms of the offer need to be vague and indefinite so that the parties can perform the
contract based on the circumstances that arise. Indicate whether the statement is true or false
Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 700 Materials costs$8,700 Conversion costs$3,700 Percent complete with respect to materials 70%Percent complete with respect to conversion 10%Units started into production during the month 6,400 Units transferred to the next department during the month 5,600 Materials costs added during the month$92,200 Conversion costs added during the month$269,600 Ending work in process inventory: Units in ending work in process inventory 1,500 Percent complete with respect to materials 80%Percent complete with respect to
conversion 25% What are the equivalent units for materials for the month in the first processing department? A. 4,900 B. 1,200 C. 7,100 D. 6,310
A stop-payment order is an order by a customer to his or her bank not to pay a certain check
Indicate whether the statement is true or false