Which of the following is generally TRUE of the transportation problem of linear program-ming?
a. A specified quantity of goods is needed at each demand location.
b. The objective is to maximize profit.
c. The shipping cost from each source to each destination is the same.
d. An exponential loading/unloading distribution is assumed.
A
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Which of the following represents the board of directors subset that acts as a direct contact between stockholders and the independent accounting firm?
a. Audit committee b. Internal audit staff c. External auditors d. Stockholders' representative
An example of a distributed database is
a. partitioned database b. centralized database c. networked database d. all are examples of distributed databases
The following data is given for the Zoyza Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor
hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The factory overhead controllable variance is: A) 73,250F B) 73,250U C) 59,400F D) 59,400U
Mutual agency, the power of each owner to act as an agent and engage in contracts for a business, applies to stockholders who are the owners of the corporation
Indicate whether the statement is true or false