Which of the following would not be included in the cost of land?
A) Cost of clearing unneeded building from land
B) Sewer assessment from local government
C) Cost of paving land for parking
D) Commission to real estate agent
C
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The following information is available for Baxter Manufacturing for April: Actual machine hours 840 Standard machine hours allowed 900 Denominator activity (machine hours) 1,000 Actual fixed overhead costs$3,800 Budgeted fixed overhead costs$4,000 Predetermined overhead rate ($1 variable + $4 fixed)$5 Is the production volume variance for April favorable or unfavorable?
A. Favorable. B. Unfavorable.
Which of the following is not one of the three ways of reporting on intercorporate equity investments?
a. Consolidated reporting as if the two separate legal entities are an accounting entity using the purchase method. b. Consolidated reporting using the pooling method c. Non-consolidation using the equity method of accounting d. Non-consolidation using a fair market value approach
When company is labor-intensive, the cost driver that is probably least significant would be
a. direct labor hours. b. direct labor dollars. c. cost of materials used. d. machine hours.
In Hill’s model of team leadership, a line connects Leadership Decisions with Team Effectiveness. This represents ______.
A. the continuous process of gathering and analyzing data about the team for decision making B. the permission to for the leader to take a “do nothing” approach on effective teams C. the notion that leadership decisions are ultimately external in nature D. the bottom line reality that leadership actions do not correlate with team performance