At the beginning of the period, the Cutting Department budgeted direct labor of $155,000, direct material of $165,000 and fixed factory overhead of $15,000 for 9,000 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting
A) $416,000
B) $370,556
C) $368,889
D) $335,000
B
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Which statement is not true about probing?
A) Probing is intended to motivate respondents to enlarge on, clarify, or explain their answers. B) Probing helps respondents focus on the specific content of the interview and provide only relevant information. C) Changing the phrasing or order of questions during the interview can make significant differences in the response obtained. D) Probing should not introduce any bias.
Malcolm Corporation purchased an insurance policy for three years beginning January 1, Year 2, and recorded the $6,000 premium in the Prepaid Insurance account. What adjusting entry is required to reflect the proper balances, in the insurance-related accounts at year-end, on December 31, Year 2?
a. Insurance Expense 2,000 Prepaid Insurance 2,000 b. Prepaid Insurance 2,000 Insurance Expense 2,000 c. Insurance Expense 4,000 Prepaid Insurance 4,000 d. Prepaid Insurance 4,000 Insurance Expense 4,000 e. Insurance Expense 6,000 Prepaid Insurance 6,000
With respect to price and availability, shopping products are likely to be
A. very expensive and available at a large number of selective outlets. B. relatively inexpensive but very limited availability. C. fairly expensive and available at a large number of selective outlets. D. relatively inexpensive and widely available. E. very expensive with very limited availability.
Which of the following is a benefit of agencies using informal procedures:
a. informal procedures generally require less time b. informal procedures generally cost less c. informal procedures are more thorough d. both a and b are correct e. none of the other choices are correct