The labor yield variance is actual total hours at:
A. standard mix times standard labor rates less standard total hours at standard mix times standard labor rates.
B. actual mix times actual labor rates less actual total hours at actual mix times standard labor rates.
C. actual mix times standard labor rates less actual total hours at standard mix times standard labor rates.
D. actual mix times standard labor rates less standard total hours at standard mix times standard labor rates.
Answer: A
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Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Decrease in Inventory-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.
Regarding public relations as a profession, which of the following is true?
A) It is not yet a full profession like accounting or medicine. B) It could be a profession, but practitioners are not yet interested in it. C) Extensive formal training is necessary and required. D) All prospective practitioners must pass a licensing exam.
Which of the following is not one of the misconceptions about self-directed teams?
a. They do not need leaders. b. Newly formed teams are automatically self-directed. c. Not all employees welcome the opportunity to be empowered. d. Leaders lose power in the transition to teams.
Sian, an accountant, prepares a tax return for a client, Toy Sales Company. Vita, who is not an accountant, prepares a tax return for Wu's business, Xtra Delivery Service. Is an accountant who prepares a tax return for a client liable for any false statements in the return? Is a person who is not an accountant and who prepares a tax return for someone else liable for any false statements in the return?
What will be an ideal response?