Zotta Enterprises uses standard costing and applies manufacturing overhead cost to products on the basis of standard direct labor-hours (DLHs). Budgeted and actual data relating to manufacturing overhead for last year appear below: Actual fixed manufacturing overhead cost$38,900 Denominator activity 20,000DLHs Standard hours allowed for one unit 1.2DLHs Units produced 17,000units Fixed overhead budget variance$1,300Unfavorable ?The volume variance was:
A. $5,640 U
B. $752 U
C. $5,640 F
D. $752 F
Answer: D
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The field of study that analyzes the likelihood of product and system failures over time is known as ______.
A. confidence analysis B. reliability C. redundancy D. backup analysis
Select the most accurate statement about negative messages
A) An employee's words, decisions, and opinions are assumed to represent those of the organization. B) If you want to communicate your personal feelings or opinions, use company letterhead to give yourself more credibility. C) To be actionable (likely to result in a lawsuit), abusive language can be true or false, as long as it is damaging. D) In a situation that could be legally dangerous, try to volunteer as much information as possible to show that you are being completely honest.
Which of the following definitions describes a drawee to a bill of exchange?
A. the issuer of a bill of exchange B. a person who signs a bill of exchange or note to lend his or her credit to another party C. the person ordered to pay a bill of exchange D. a person who receives an endorsed bill of exchange or note from an endorser
Labyrinth Inc. is a new, very successful, brand of organic clothing recently introduced globally. The company is unique in that it has collaborated with its suppliers and potential customers to bring the clothing to market. Labyrinth's founders have always focused on being efficient managers. What is the best advice you should give them, given the quick success they have had with Labyrinth?
A. Now it is time for them to consider only effectiveness because they clearly have efficiency under control and this is not likely to change in the future. B. Efficiency is the only key to their continued success. C. To continue their success, they should maintain a clear focus on both effectiveness and efficiency, especially while their company is experiencing such a high growth in sales. D. As top-level managers, the best action plan for them is to begin to minimize collaboration with customers and suppliers because they have proven themselves. E. They should maintain the status quo without implementing any changes to continue making quick sales.