According to Dr. Ishikawa's philosophy, the ideal state of quality control occurs when inspection becomes necessary
a. True
b. False
Indicate whether the statement is true or false
False
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Identify and describe the four phases of third culture emergence.
What will be an ideal response?
Fact Pattern 12-1AJesse defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal¾a student loan accruing interest at a certain rate and payable beginning on a certain date¾was unfair because the consideration for their contract was inadequate.Refer to Fact Pattern 12-1A. A court is most likely to evaluate the adequacy of consideration if
A. a thing exchanged has no intangible value to one of the parties. B. something exchanged is not of direct economic or financial value. C. the items exchanged were of unequal value. D. there is a gross disparity in the value of the consideration exchanged.
Supplemental wages are only subject to FICA taxes and federal withholding taxes and are not subject to SUTA or FUTA taxes.
Answer the following statement true (T) or false (F)
Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 6.4ounces$3.00per ounce$19.20Direct labor 0.4hours$13.00per hour$5.20Variable overhead 0.4hours$5.00per hour$2.00The company reported the following results concerning this product in February. Originally budgeted output 4,800unitsActual output 4,900unitsRaw materials used in production 30,230ouncesActual direct labor-hours 1,910hoursPurchases of raw materials 32,600ouncesActual price of raw materials$2.90per ounceActual direct labor rate$12.40per hourActual variable overhead rate$4.90per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when
the materials are purchased.The materials price variance for February is: A. $3,136 U B. $3,136 F C. $3,260 U D. $3,260 F