Which cost measurement method calculates product unit cost using estimates for direct materials, direct labor, and overhead?
A) Standard costing
B) Actual costing
C) Full costing
D) Normal costing
A
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In many organizations professional buyers do the actual buying
Indicate whether the statement is true or false
Which of the following is a true statement with regard to the finding ratio?
A. A suitable ratio is 97 percent or higher. B. The finding ratio is concerned with the ratio between the number of records used and those not used. C. A low finding ratio may mean that records are not transferred quickly enough. D. A low finding ratio may mean that individuals are using duplicate records rather than requesting records from the central storage area.
What is meant by the conditional future spot rate?
A) the forward rate B) the forecasted future spot rate C) the conditional variance of the probability distribution of future spot rates D) the conditional mean of the probability distribution of future spot rates
The following information is available from the accounting records of the Bright Company: Beginning balance of fixed assets$100,000 Net sales revenue 360,000 Ending balance of fixed assets 120,000 Net income 36,000 What is the fixed asset turnover ratio?
A. 0.10 times B. 10 times C. 3 times D. 3.27 times