Assigning purchasing, receiving, and paying for merchandise to one department or individual is a way to streamline a voucher system.
Answer the following statement true (T) or false (F)
False
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Importance of materiality judgments Explain the differences between performance materiality and tolerable misstatement
Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Allen uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 1 pound per unit; $11 per pound Direct labor: 4 hours per unit; $19 per hour Allen produced 4000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7500 pounds of direct materials and actual total materials costs were $99,300. What is the direct materials efficiency variance? A) $44,000 U B) $38,500 U C) $44,000 F D) $38,500 F
Which of the following microenvironment actors has had the most influence on The Landing?
A) competitors B) suppliers C) marketing intermediaries D) resellers E) citizen-action publics
The average number of jobs in the work center for jobs listed in the following table under the earliest due date (EDD) rule is ______.
a. 2 jobs
b. 3.25 jobs
c. 2.4 jobs
d. 3 jobs