True or False Assignable variation occurs due to identifiable causes that have changed the process

Indicate whether the statement is true or false


T

Business

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Which of the following types of discounts are offered to induce prompt payment by customers?

A) Quantity discounts B) Nontrade discounts C) Trade discounts D) Sales discounts

Business

Which of the following statements about similarities between process costing and job-order costing are true?I.Both systems assign production costs to units of output. II.Both systems require extensive knowledge of financial accounting. III.The flow of costs through the manufacturing accounts is essentially the same. 

A. I only. B. I and III. C. II and III. D. III only. E. I, II, and III.

Business

The power theory is part of jurisprudence, but the justice theory is not

Indicate whether the statement is true or false

Business

When using a flexible budget, a decrease in activity within the relevant range:

A. decreases total costs. B. decreases variable cost per unit. C. increases total costs. D. increases variable cost per unit.

Business