The cyclical variation component of a time series measures the over-all general directional movement over a long period of time
Indicate whether the statement is true or false
F
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Trundle Corporation manufactures one product. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:?InputsStandard Quantity or HoursStandard Price or RateStandard Cost?Direct materials2.6 pounds$8.00 per pound$20.80?Direct labor0.70 hours$21.50 per hour15.05?Fixed manufacturing overhead0.70 hours$14.50 per hour 10.15?Total standard cost per unit???? $46.00During the year, the company completed the following transactions concerning raw materials:a. Purchased 99,100 pounds of raw material at a price of $7.90 per pound.b. Used 89,020 pounds of the raw material to produce 34,200 units of work in
process.Required:Record the above transactions in the worksheet that appears below. Because of the width of the worksheet, it is in two parts. In your text, these two parts would be joined side-by-side to make one very wide worksheet. The beginning balances have been provided for each of the accounts, including the Property, Plant, and Equipment (net) account which is abbreviated as PP&E (net).?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,050,000$56,160$0$64,400$472,900=$0$0a.?????=??b.?????=???Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,643,460a.?????b.????? What will be an ideal response?
The process is which an employee informs another responsible party in the company about potentially unethical behavior is called _____________.
a. Whistle-blowing b. Phishing c. Strategic reciprocity d. Kettle-blowing
The performance management process is driven primarily by
a. The CEO b. The human resources department c. The first line supervisor d. The employee
Kobe, the manager at NetTrue Corp., took an employee off probation because of improved performance, illustrating
A. punishment. B. intrinsic reward. C. extinction. D. glass ceiling. E. negative reinforcement.