Which report is not an output of the Financial Reporting System (FRS)?
a. variance analysis report
b. statement of cash flows
c. tax return
d. comparative balance sheet
A
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Which of the following is a market-oriented mission statement?
A) "We empower customers to achieve their dreams." B) "We sell jumbo burgers." C) "We are an online library." D) "We are a low-cost airline." E) "We make porcelain figurines."
Wimble ordered 1,000 pro-quality luminescent orange tennis balls from Sports Unlimited at a cost of $800 . On June 1, Sports Unlimited shipped standard white tennis balls, but Wimble rejected them. Wimble bought the same number of pro-quality luminescent orange balls from another supplier the same day for $650 . In a suit against Sports Unlimited, Wimble may recover $800
a. True b. False Indicate whether the statement is true or false
Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 6.4ounces$3.00per ounce$19.20Direct labor 0.4hours$13.00per hour$5.20Variable overhead 0.4hours$5.00per hour$2.00The company reported the following results concerning this product in February. Originally budgeted output 4,800unitsActual output 4,900unitsRaw materials used in production 30,230ouncesActual direct labor-hours 1,910hoursPurchases of raw materials 32,600ouncesActual price of raw materials$2.90per ounceActual direct labor rate$12.40per hourActual variable overhead rate$4.90per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when
the materials are purchased.The materials quantity variance for February is: A. $3,277 U B. $3,390 F C. $3,277 F D. $3,390 U
How might a cosmetics company improve the hit rate on a YouTube entry?
What will be an ideal response?