Bobby's Burger Place monitors its variances on an hourly basis. It is not uncommon for Bobby to send workers home early when which of the following variances indicates that he has over-scheduled the shift?
a. Unfavorable labor efficiency variance.
b. Favorable labor rate variance.
c. Unfavorable materials quantity variance.
d. Favorable labor efficiency variance.
a
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Businesses might set up special journal columns for different accounts depending on the frequency of their use
a. True b. False Indicate whether the statement is true or false
The receiving report
a. is used to update the actual cost inventory ledger b. accompanies the goods to the storeroom c. is sent to general ledger d. is returned to the vendor to acknowledge receipt of the goods
Give an example of a firm discussed in the chapter that successfully built a strategy on serving customer segments that were neglected by established players that didn't perceive them as sufficiently "valuable."
What will be an ideal response?
The results of human resources planning (HRP) are estimates of
a. sales revenues for the next year b. the number of employees needed for growth or decline c. the level of profitability needed to avoid bankruptcy d. the amount of new technology needed to meet demand