Typically, Occupational Safety and Health Administration (OSHA) inspectors arrive at a work site unannounced and ask for a meeting with a representative of the employer.
Answer the following statement true (T) or false (F)
True
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Production and consumption of services is inseparable
Indicate whether the statement is true or false
Which of the following procedures is not a procedure used by an auditor in searching for unrecorded disposals of long-lived assets?
a. Make client inquiries. b. Examine property tax records. c. Send confirmations to insurance agents. d. Examine scrap sales accounts.
When considering a purchase decision, people generally buy one product or service instead of another because they perceive it to be a better value.
Answer the following statement true (T) or false (F)
Gardner Sail Makers manufactures sails for sailboats
The company has the capacity to produce 37,000 sails per year and is currently producing and selling 30,000 sails per year. The following information relates to current production: Sales price per unit $185 Variable costs per unit: Manufacturing $62 Selling and administrative $22 Total fixed costs: Manufacturing $675,000 Selling and administrative $250,000 Assume that a special pricing order is accepted for 5,500 sails at a sales price of $150 per unit. This special order requires both variable manufacturing and variable selling and administrative costs, as well as incremental fixed costs of $400,000. What will be the impact on operating income? A) Operating income decreases by $363,000. B) Operating income decreases by $37,000. C) Operating income increases by $363,000. D) Operating income increases by $37,000.