Courington Detailing's cost formula for its materials and supplies is $2,420 per month plus $9 per vehicle. For the month of August, the company planned for activity of 63 vehicles, but the actual level of activity was 33 vehicles. The actual materials and supplies for the month was $2,840.The activity variance for materials and supplies in August would be closest to:
A. $147 F
B. $270 F
C. $270 U
D. $147 U
Answer: B
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_______ group activities around similar products or services.
A. Output structures B. Matrix organizations C. Offering divisions D. Functional structures E. Product divisions
Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?
A) The exporter's bank is the advising and/or confirming bank. B) The importer's bank is the advising and/or confirming bank. C) The importer's bank is the advising, confirming, and issuing bank. D) The exporter's bank is the advising, confirming, and issuing bank. E) The importer's bank is neither advising nor confirming bank.
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Copies of a sales invoice are generated for all of the following except:
a. the receiving department. b. the customer. c. the accounting department. d. shipment with the merchandise.