The legitimate right to make decisions and to tell other people what to do is referred to as
A. delegation.
B. legitimacy.
C. specialization.
D. authority.
E. hierarchy.
Answer: D
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When a company with reportable segments issues interim condensed financial statements, current GAAP requires that the interim reports provide all of the following for each reportable segment except
a. revenues for external customers. b. intersegment revenues. c. total assets. d. a measure of segment profit or loss.
Which of the nine cultural dimensions identified by GLOBE researchers do you think most contributes to cross-cultural miscommunication? Give examples to support your claim.
What will be an ideal response?
Fairchild, Inc., manufactures two products, Regular and Deluxe, and applies overhead on the basis of direct labor hours. Anticipated overhead and direct labor time for the upcoming accounting period are $1,600,000 and 25,000 hours, respectively. Information about the company's products follows.Regular-Estimated production volume: 3,000 unitsDirect materials cost: $28 per unitDirect labor per unit: 3 hours at $15 per hourDeluxe-Estimated production volume: 4,000 unitsDirect materials cost: $42 per unitDirect labor per unit: 4 hours at $15 per hourFairchild's overhead of $1,600,000 can be identified with three major activities: order processing ($250,000), machine processing ($1,200,000), and product inspection ($150,000). These activities are driven by number of orders processed, machine
hours worked, and inspection hours, respectively. Data relevant to these activities follow.?Orders ProcessedMachine Hours WorkedInspection HoursRegular32016,0004,000Deluxe18024,0006,000Total50040,00010,000Required: A. Compute the pool rates that would be used for order processing, machine processing, and product inspection in an activity-based costing system.B. Assuming use of activity-based costing, compute the unit manufacturing costs of Regular and Deluxe if the expected manufacturing volume is attained.C. How much overhead would be applied to a unit of Regular and Deluxe if the company used traditional costing and applied overhead solely on the basis of direct labor hours? Which of the two products would be undercosted by this procedure? Overcosted? What will be an ideal response?
You should attempt to gather the points of view of every stakeholder
Indicate whether the statement is true or false