One of the benefits of being a sole proprietor is unlimited financial liability
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Unlimited financial liability is one of the drawbacks of being a sole proprietor.
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Explain how illustrators and adaptors are different.
What will be an ideal response?
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard QuantityStandard Price or RateStandard CostDirect materials 5.8pounds$0.60per pound$3.48Direct labor 0.5hours$33.50per hour$16.75Variable manufacturing overhead 0.5hours$8.50per hour$4.25During March, the following activity was recorded by the company:•The company produced 2,400 units during the month. •A total of 19,400 pounds of material were purchased at a cost of $13,580. •There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,620 pounds of material remained in the
warehouse. •During March, 1,090 direct labor-hours were worked at a rate of $30.50 per hour. •Variable manufacturing overhead costs during March totaled $14,061. The direct materials purchases variance is computed when the materials are purchased.The variable overhead efficiency variance for March is: A. $935 U B. $935 F C. $1,060 U D. $1,060 F
According to the case “Ursula Burns—Xerox’s Inspiring Leader,” she was able to rise up the ranks at Xerox because
a. she was high on the need for power b. she was good at establishing relationships with mentors c. although she lacked “people skills,” her engineering genius led to several highly profitable patents and inventions d. her wealthy family and social background give her important contacts with influential members of the executive team
Process capability can be addressed when:
A) assignable causes are present. B) a process is in statistical control. C) a process is in statistical control but assignable causes are present. D) the nominal value equals the tolerance regardless of assignable causes.