Warp Manufacturing Corporation uses a standard cost system for the production of its ski lift chairs. Warp uses machine-hours as an overhead base. The variable manufacturing overhead standards for each chair are 1.2 machine-hours at a standard cost of $18 per hour.During the month of September, Warp incurred 34,000 machine-hours in the production of 32,000 ski lift chairs. The total variable manufacturing overhead cost was $649,400. What is Warp's variable overhead rate variance for September?
A. $41,800 Favorable
B. $84,040 Favorable
C. $79,200 Favorable
D. $37,400 Unfavorable
Answer: D
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How does William Boyce and Larry Jensen’s Moral Content Test (MCT) differ from the other moral development tests described in the chapter?
a. It does not use ethical dilemmas to test decision making. b. It must be administered individually over a number of days instead of in a workshop setting. c. It concentrates on the ethical theories of egoism, utilitarianism, and deontology. d. It is not based on Kohlberg’s ethical dilemmas.
Joshua is a shareholder in Great Lakes Limited, a company that manufactures sporting equipment
At the company's last annual general meeting, Joshua and the other shareholders were informed about some of the company's plans to expand its operations in a new product line. Armed with this information, Joshua started his own company which manufactured and sold the same products that great Lakes had planned to commence manufacturing. Which of the following statements is correct? A) By starting his own company on the basis of information learnt at the annual general meeting, Joshua has breached a fiduciary duty owed to Great Lakes. B) Joshua has not breached any duty owed to Great Lakes. C) Great Lakes can obtain an injunction stopping Joshua from further acting on the information he learnt in the meeting. D) By starting his own company in order to compete with Great Lakes, Joshua has breached a fiduciary duty owed to Great Lakes. E) Great Lakes can obtain damages against Joshua for breach of a duty owed to it
Segmenting international markets can be more difficult because
A. there are fewer useful dimensions. B. the concepts and approaches for segmenting domestic markets simply do not apply. C. there are more dimensions and many unfamiliar variables. D. the quantity and quality of available market data are usually greater. E. a manager must rely entirely on his or her own judgments about people in other countries.
A comprehensive nonfinancial size-up is a useful tool for:
A) financial managers. B) lenders. C) investors. D) All of the above.