Direct labor time standards express the hourly labor cost per function or job classification that exists during the current accounting period
Indicate whether the statement is true or false
F
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If there are additional investments by the owner during the period, the balance sheet supplies all the necessary information to prepare the financial statements
Indicate whether the statement is true or false
Suppose the standard for a given cost during a period was $80,000 . The actual cost for the period was $72,000 . Under what circumstances would you consider the variance from budget to be a positive performance indication?
a. The cost is fixed, and actual production was 90 percent of the standard level of budgeted production. b. The cost is variable, and the standard cost noted above is the cost at a production level lower than the actual production level. c. The cost is variable, and actual production was 90 percent of the standard level of production. d. The cost is variable, and actual production was 75 percent of the standard level of production.
The weighted-average breakeven point is the breakeven point for the entire company
Indicate whether the statement is true or false
Which of the following is a component of active listening?
A. It involves a lot of movement to maintain focus. B. It demonstrates little nonverbal involvement. C. It reflects the speaker’s message using non-verbal paraphrasing. D. It may include asking questions that encourage speakers to elaborate on his or her experiences.