It is important for a firm to keep track of its yield ratio, because if it is low it may need to determine what it is doing wrong and get outside help to improve its recruiting.
Answer the following statement true (T) or false (F)
True
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Hofstede’s five dimensions on which culture differs include all of the following except ______.
A. uncertainty avoidance B. masculinity-femininity C. performance orientation D. long-term-short-term orientation
When the buyer breaches a sales contract, if the difference between the contract price and the market price will not place the seller in as good a position as performance would have, then the seller may recover the lost profit
a. True b. False Indicate whether the statement is true or false
Kisler Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead$70,035 Budgeted production 15,000unitsStandard hours per unit (b) 0.70machine-hoursBudgeted hours (a) × (b) 10,500machine-hours Actual production (a) 14,000unitsStandard hours per unit (b) 0.70machine-hoursStandard hours allowed for the actual production (a) × (b) 9,800machine-hoursTotal actual manufacturing overhead$97,489 ?The predetermined overhead rate is closest to:
A. $6.67 per machine-hour B. $4.67 per machine-hour C. $6.96 per machine-hour D. $9.95 per machine-hour
Production of one unit of Product BJM used $27.50 of direct materials and $21.00 of direct labor. The unit sold for $76.00 and was assigned overhead at a rate of 30% of direct labor costs. What is the gross profit on the sale of one unit of Product BJM?
What will be an ideal response?