All costs related to the manufacturing function in a company are
a. prime costs.
b. direct costs.
c. product costs.
d. conversion costs.
C
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A typical objective of an operational audit is for the auditor to:
A. report on the entity's relative success in attaining profit maximization. B. determine whether the financial statements present fairly the entity's operations. C. make recommendations for improving performance. D. evaluate the feasibility of attaining the entity's operational objectives.
Operating expenses incurred for the entire business as a unit that are not subject to the control of individual department managers are called indirect expenses
Indicate whether the statement is true or false
A marketing dashboard uses graphical representations of crucial metrics in ways that begin to show, often for the first time, the direct, understandable links between marketing initiatives and ________.
A. other expenses B. financial results C. the number of employees D. the number of products sold E. stock prices
Bank Boston has a branch at Bryant College. The branch is busiest at the beginning of the college year when freshmen and transfer students open accounts. This year, freshmen arrived at the office at a rate of 40 per day (8-hour day)
On average, it takes the Bank Boston staff person about ten minutes to process each account application. The bank is considering having one or two tellers. Each teller is paid $12 per hour and the cost of waiting in line is assumed to be $8 per hour. (a) What is the total daily waiting cost for the single teller model? (b) What is the total daily waiting cost for the two-teller model? (c) What is the total daily service cost for the single teller model? (d) What is the total daily service cost for the two-teller model? (e) Which model is preferred?