Alberto is an over-worked manager who is trying to reduce his workload. He decides to assign all the tasks that he does not like and take a long time to his subordinates. What is Alberto doing?
a. delegating his tasks wisely
b. dumping on his subordinates
c. developing his subordinates
d. reducing his workload while training his subordinates in good management practice
b. dumping on his subordinates
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The time period assumption assumes that an organization's activities may be divided into specific reporting time periods including all of the following except:
A. Months. B. Days. C. Calendar years. D. Fiscal years. E. Quarters.
When a manufacturing company has a highly automated manufacturing plant producing many different products, which of the following is the more appropriate basis of applying manufacturing overhead costs to work in process?
a. direct labor hours b. direct labor dollars c. machine hours d. cost of materials used
What does the phrase, "Revenue is recognized when earned" mean?
A) Revenue is recorded in the accounting records when the goods are received from a supplier, and reported on the income statement when sold to the customer. B) Revenue is recorded in the accounting records and reported on the income statement when the cash is received from the customer. C) Revenue is recorded in the accounting records when the goods are sold to a customer, and reported on the income statement when the cash payment is received from the customer. D) Revenue is recorded in the accounting records and reported on the income statement when goods are sold and delivered to a customer.
The costs of overstocking and understocking have a direct impact on both the optimal cycle service level and profitability
Indicate whether the statement is true or false.