The direct materials price standard is determined by averaging costs of current purchases
Indicate whether the statement is true or false
F
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Which of the following is not true about organizational structure?
A. All of the company's managers work within the context created by this structure. B. It refers to the way that an organization formally arranges its various domestic and international units and activities, and the relationships among these organizational components. C. It refers to the informal organization among an organization's units and activities. D. It is primarily created and evolved by senior management. E. It helps to determine where formal power and authority will be located within the organization.
Inconsistent application of accounting principles by the client is a GAAP violation and would result in a qualified audit report
a. True b. False Indicate whether the statement is true or false
Which of the following statements regarding accounting for spoilage is False?
a. Losses from abnormal spoilage are period costs. b. Losses that occur uniformity troughout the production process are called method of neglect. c. A discrete loss occurs at a specific point in time. d. Losses from normal spoilage are product costs.
Michaela is trying to identify the work performed and the working conditions of a software engineer. She plans to ask questions of the person who currently holds the job and compile the answers into a profile of the job. In this case, the ________ job analysis method would be most appropriate.
A. subject matter expert panel B. interview C. diary D. observation E. departmental