______ is the preferred loading approach in the scheduling phase because it takes into account the actual processing times of jobs and the available capacity at each work center.
a. Finite loading
b. Infinite loading
c. Fixed loading
d. Iterative loading
a. Finite loading
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Which of the following statements does not reflect the changes that have taken place in Russia?
A) Russian shoppers spend billions each year on luxury goods, tourism, and foreign real estate. B) Affluent Russians can shop at boutiques that offer Versace, Burberry, Bulgari, and other exclusive brands. C) The Kremlin limits foreign investment in strategic industries such as oil. D) In March 2014, Putin angered the West by annexing Crimea, a region that had been considered part of Ukraine. E) Faced with a financial crisis and a test of his political will, Putin responded by blaming the protestors for Russia's problems.
Checks issued during the period that have been presented to the bank for payment and have been paid during the period are known as
a. postdated checks; b. cancelled checks; c. checks in transit; d. dishonored checks; e. returned checks.
A company that uses a job order costing system would make the following entry to record the flow of direct materials into production:
A. debit Finished Goods Inventory, credit Raw Materials Inventory. B. debit Work in Process Inventory, credit Factory Overhead. C. debit Work in Process Inventory, credit Raw Materials Inventory. D. debit Factory Overhead, credit Raw Materials Inventory. E. debit Work in Process Inventory, credit Cost of Goods Sold.
Dukette Memorial Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for August was based on 2,600 meals, but the diner actually served 2,200 meals. The diner's director has provided the following cost formulas to use in budgets: Fixed elementper monthVariable element per customerGroceries 0 $3.65 Kitchen operations$4,500 $1.15 Administrative expenses$2,900 $0.55 Fundraising expenses$1,300 $0.00 ?The director has also provided the diner's statement of actual expenses for the month:Dukette Memorial DinerStatement of ExpensesFor the Month Ended August 31Actual meals 2,200Groceries$7,950Kitchen operations 7,110Administrative expenses 4,230Fundraising expenses 1,270Total expense$20,560?Required:?Prepare a report showing
the activity variances for each of the expenses and for total expenses for August. Label each variance as favorable (F) or unfavorable (U). What will be an ideal response?