Which of the following about cloud computing is incorrect?
A. Cloud Computing can easily host enterprise system applications.
B. Cloud computing is Internet-based computing where shared resources, software, and information are provided to firms on demand.
C. Security is a major issue to consider when using cloud computing.
D. Clients using cloud computing do not need to periodically backup data.
Answer: D
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The total variable overhead variance is comprised of the
A) variable overhead efficiency and fixed variances. B) fixed overhead budget and volume variances. C) variable overhead spending and efficiency variances. D) labor efficiency and rate variances.
Which of the following is not a true statement regarding the pooling of indirect costs?
A. Pooled costs may require disaggregation when allocating costs for different purposes. B. A single cost pool will have more than one cost driver for different cost objects. C. Pooling costs that have different cost drivers may result in unreliable cost allocation. D. Costs that have been pooled for one purpose may require disaggregation for a different purpose.
Which of the following would be the least likely cost driver for an activity such as product testing?
A) Number of shipments received B) Number of tests C) Hours of testing time D) Number of change orders
Development of pro forma financial statements helps a financial manager to project the amount of external financing required to support a given level of sales as well as overall financial performance of the firm in the coming year
Indicate whether the statement is true or false