The total production cost flexible budget variance is obtained by adding direct labor efficiency variance and fixed overhead volume variance
Indicate whether the statement is true or false
FALSE
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Answer the following statements true (T) or false (F)
1. A mission statement expresses what the organization should become and where it wants to go strategically. 2. Amazon's statement in which it states its desire "to be the earth's most customer-centric company; to build a place where people can come to find and discover anything they might want to buy online" is a mission statement. 3. Strategic planning determines goals for an organization for a period of 1-5 years. 4. Tactical planning is done by first-line managers, who look forward to the next 1-8 weeks.
For each of the following activities, indicate an appropriate allocation base:
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Interest Income (assume that cash received is equal to amount reported)-indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
A) Add to net income to arrive at net cash flows from operating activities. B) Subtract from net income to arrive at net cash flows from operating activities. C) Not used to adjust net income to calculate net cash flows from operating activities.
The concept of privacy as it relates to public relations practice includes which of the following:
A. Public disclosure of "embarrassing" facts about a plaintiff B. Publicity that puts the plaintiff in a "false light" in the eyes of the public C. "Appropriation" of the plaintiff's name or likeness D. Only A and B E. A, B, and C