If the actual amount of direct materials used equals the standard amount of direct materials that should have been used, the difference between the standard cost and actual cost of direct materials is called the
A) price variance.
B) rate variance.
C) quantity variance.
D) efficiency variance.
A
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Given the following cost data, what type of cost is shown? Total Cost # of units $3,500 1 $4,000 2 $4,500 3 $5,000 4
A) mixed cost B) variable cost C) fixed cost D) none of the above
The ________ protects the decisions of a board of directors that acts on an informed basis, in good faith, and in the honest belief that the action taken was in the best interests of the corporation and its shareholders
A) Williams Act B) antifraud provision of the Securities and Exchange Commission C) pro rata rule D) business judgment rule
Although Brittany was tempted to inflate her skills on her résumé, her ______ told her it was wrong.?
A) ?conscious B) ?conscience
Department manager Tim rewards the group as a whole for a good job, and thereby tends to violate basic rules for applying positive reinforcement
Indicate whether the statement is true or false.