In an unbalanced transportation model, all constraints are equalities
Indicate whether this statement is true or false.
Answer: FALSE
You might also like to view...
The term dumping refers to the sale of
A. products sold in foreign markets that cannot be sold in the United States. B. products sold in foreign markets at prices above those charged in the United States. C. all discontinued U.S. products in foreign countries. D. products sold in foreign countries at unfairly low prices. E. products sold in foreign markets that cannot pass safety standards in the United States.
Define strategic ambiguity.
What will be an ideal response?
Freiling Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials3.1kilos$6.00per kilo$18.60Direct labor0.90hours$22.00per hour 19.80Fixed manufacturing overhead0.90hours$9.50per hour 8.55Total standard cost per unit $ 46.95During the year, the company assigned direct labor costs to work in process. The direct labor workers (who were paid in cash) worked 14,890 hours at an average cost of $22.80 per hour.Assume that all transactions
are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,090,000$53,940$0$79,815$600,000=$0$0?Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,823,755When the direct labor cost is recorded in transaction (c) above, which of the following entries will be made? A. $8,800 in the Labor Efficiency Variance column B. ($8,800) in the Labor Efficiency Variance column C. ($8,800) in the Labor Rate Variance column D. $8,800 in the Labor Rate Variance column
Donations to what types of organizations are tax deductible?
What will be an ideal response?