Most companies base the calculation of the material price variance on the:
A. quantity of direct materials to be purchased during the next accounting period.
B. quantity of direct materials that should have been used in achieving actual production.
C. quantity of direct materials spoiled.
D. quantity of direct materials purchased.
E. quantity of direct materials actually used.
Answer: E
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Which of the following asset categories would include the cost of clearing land and removing unwanted buildings?
A) land B) buildings C) land improvements D) machinery and equipment
Which of the following statements is true regarding period costs?
A) They "attach" themselves to the product. B) They will appear the balance sheet until the product is sold. C) They will appear on the income statement in the year they are incurred. D) They will not impact gross margin or net operating income.
A requirements contract is a contract:
a. in restraint of trade. b. in which the seller provides all of the goods that the buyer needs. c. in which the buyer purchases all of the goods that the seller produces. d. in which a party must buy a product it does not want in order to be allowed to buy a product it requires.
Compare and contrast the response rates of the four basic survey methods. Are there methods to increase any of these response rates?
What will be an ideal response?