The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14 Standard costs 7,000 hours at $15 What is the direct labor time variance?

A) $7,700 favorable
B) $7,700 unfavorable
C) $10,500 unfavorable
D) $10,500 favorable


C

Business

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Merchandise inventory turnover measures the relationship between

a. assets and current liabilities. b. merchandise inventory and current liabilities. c. expenses and merchandise inventory. d. cost of goods sold and merchandise inventory.

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Answer the following statements true (T) or false (F)

1. Culture is what we grow up in, according to Gould. 2. Differences between cultures must be understood but not accepted for international business. 3. Uncertainty avoidance indicates the extent to which a society accepts the fact that power in institutions and organizations is distributed unequally. 4. The Philippines, Venezuela, and Mexico are countries with low power distance, according to Hofstede.

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In ________ executive volunteers contribute their time and energy in assisting start-up and struggling small businesses as a public service.

A. trade associations B. franchising outlets C. mentoring programs D. consultancies

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Nearly all applications can be proxied effectively

Indicate whether the statement is true or false.

Business