The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: ?Actual hours used 45,000 ?Actual rate per hour$15.00 ?Standard rate per hour$14.50 ?Standard hours for units produced 47,000 ??
A. $52,500 favorable.
B. $29,000 unfavorable.
C. $52,500 unfavorable.
D. $22,500 unfavorable.
E. $29,000 favorable.
Answer: E
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Indicate whether the statement is true or false
Types of integer programming models are:
A) total. B) 0-1. C) mixed. D) all of the above
Which of the following statements is NOT CORRECT?
A. Stock repurchases can be used by a firm as part of a plan to change its capital structure. B. After a 3-for-1 stock split, a company's price per share should fall, but the number of shares outstanding will rise. C. Investors may interpret a stock repurchase program as a signal that the firm's managers believe the stock is undervalued, or, alternatively, as a signal that the firm does not have many good investment opportunities. D. A company can repurchase stock to distribute a large one-time cash inflow, say from the sale of a division, to stockholders without having to increase its regular dividend. E. Stockholders pay no income tax on dividends if the dividends are used to purchase stock through a dividend reinvestment plan.
Figure 7-2BFigure 7-2B above shows that secondary data may be divided into two related parts. If B represents data collected from the U.S. Census Bureau, trade association studies, business periodicals, etc., which type of data is B?
A. external secondary data B. questionnaire data C. observational data D. mined data E. internal secondary data