________ is the amount by which efficiency falls short of 100 percent
Fill in the blanks with correct word
Balance delay
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The book value of a fixed asset reported on the balance sheet represents its market value on that date
a. True b. False Indicate whether the statement is true or false
The inventory data for an item for September are: Sep. 1 Inventory 20 units at $20 4 Sold 10 units 10 Purchased 30 units at $25 17 Sold 20 units 30 Purchased 10 units at $30 Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise inventory of 30 units on September 30?
A) $800 B) $650 C) $750 D) $700
Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated beginning inventory is 98,000 units, and desired ending inventory is 80,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A .50 lb. per unit @ $ .60 per pound Material B 1.00 lb. per unit @ $1.70 per pound
Material C 1.20 lb. per unit @ $1.00 per pound The dollar amount of direct material C used in production during the year is: A) $746,400 B) $724,800 C) $824,400 D) $758,160
Amy is in charge of facilitating the change process for her company. She realizes that the first thing she needs to do is to explain the rationale for the change, break down the status quo, and challenge existing beliefs to understand how to start on a new path. She also knows that this will be the most difficult and stressful part of the change process, because challenging deeply held beliefs about the way things are done can provoke strong reactions from people. Amy is involved in which stage of Lewin’s basic change model?
a. Reconstructing b. Unfreezing c. Transforming d. Refreezing