In a job-order costing system, which of the following events would trigger recording data on a job cost sheet?
A. the payment for product advertising
B. the payment of fire insurance on the factory building
C. the purchase of direct materials
D. none of the choices
Answer: D
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________ is the mental and emotional involvement of people in group situations that encourages them to contribute to group goals and share responsibility for them.
A. Participation B. Centralization C. Empowerment D. None of these
Which of the following statements is true regarding the percentage of sales approach to budgeting?
A) It views advertisement as an investment measures its return by calculating percentage increase in sales for a particular period. B) It attempts to spend at levels proportional to the competition's spending. C) Approach is based on the belief that advertising causes sale. D) It selects a percentage of sales, either past or expected to devote to advertising.
The following information is available from the Arugula Company: Actual factory overhead $16,800 Actual fixed overhead expenses $ 9,200 Budgeted fixed overhead expenses $ 9,500 Actual hours 3,600 Budgeted hours 3,800 Standard hours allowed 3,500 Standard variable overhead rate per direct labor hour $ 2.25 Assuming that Arugula uses a three-variance analysis of overhead variances, what is the
production-volume variance? a. $800 favorable b. $800 unfavorable c. $500 favorable d. $500 unfavorable
The number of orders that will be submitted each year for raw material is given by which formula?
a. Economic order quantity ? order point b. Total annual material needs/economic order quantity c. Order point/economic order quantity d. Total annual material needs/safety stock