When the activity measure is the number of units sold, the revenue variance is favorable if the average actual selling price is greater than expected.
Answer the following statement true (T) or false (F)
True
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Which of the following research and development costs should always be capitalized?
A) costs of intangibles purchased from others B) costs of materials, equipment, and intangibles with alternative future uses purchased from others C) costs of equipment with an expected life greater than three years D) costs of contract services purchased from others
Nicole wants to apply the job characteristics model to her employees’ work. She plans to give her employees more discretion to make decisions in planning, organizing, and controlling their tasks. Nicole is trying to change the ______ of the jobs.
A. skill variety B. feedback C. task significance D. autonomy
Strategic planning ______.
a. is the process of setting short-range objectives and determining in advance how they will be accomplished b. is a plan for pursuing a mission and achieving objectives c. describes the company’s competitive advantage in the global village d. is the process of developing a mission and long-range objectives and determining in advance how they will be accomplished
On January 1, Ogden, Inc. had $1,500 of supplies on hand. During January, Ogden purchased $5,500 worth of new supplies. At the end of the month, a count revealed $700 worth of supplies remaining on the shelves
The adjusting entry needed will include a debit to Supplies Expense of $6,300. The supplies were initially recorded as an asset. Indicate whether the statement is true or false