One way a social responsibility program can be funded is by passing on the cost to the consumer in the form of higher prices.
Answer the following statement true (T) or false (F)
True
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State Street Beverage Company issues $805,000 of 9%, 10-year bonds on March 31, 2017. The bonds pay interest on March 31 and September 30. Which of the following statements is TRUE?
A) If the market rate of interest is 10%, the bonds will issue at a premium. B) If the market rate of interest is 10%, the bonds will issue at a discount. C) If the market rate of interest is 10%, the bonds will issue at par. D) If the market rate of interest is 10%, the bonds will issue above par.
For a manufacturer, the budgeted income statement ________.
A) reports cash paid for purchases of direct materials B) includes amounts from the sales, cost of goods sold, cash, and capital expenditures budgets C) is accrual-based D) does not include depreciation expense
The process that helps ensure a business message is both effective and efficient is known as which of the following?
A. Business writing B. Four-step writing process C. Discovery techniques D. Journalistic approach E. Three-step writing process
Lido Company's standard and actual costs per unit for the most recent period, during which 500 units were actually produced, are given below:??StandardActual?Materials:??? Standard: 2 feet × $1.50 per foot$3.00?? Actual: 1.9 feet × $1.60 per foot?$3.04?Direct labor:??? Standard: 1.5 hours × $6.00 per hour9.00?? Actual: 1.7 hours × $6.30 per hour?10.71?Variable manufacturing overhead:??? Standard: 1.5 hours × $3.40 per hour5.10?? Actual: 1.7 hours × $3.00 per hour 5.10?Total unit cost$17.10$18.85All of the materials purchased during the period were used in production during the period.Required:From the foregoing information, compute the following variances. Indicate whether the variance is favorable (F) or unfavorable
(U):a. Material price variance.b. Material quantity variance.c. Labor rate variance.d. Labor efficiency variance.e. Variable overhead rate variance.f. Variable overhead efficiency variance. What will be an ideal response?