What is a management system that enables organizations to clarify their vision and strategy and translate them into action?
A. The balanced scorecard.
B. Kaplan and Nortan report.
C. Business process.
D. None of the above.
A. The balanced scorecard.
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When multiple materials are used, the difference between the total quantity and the standard quantity of output when a nonstandard mix of materials is used is known as the _________________________ variance
Fill in the blank(s) with correct word
An overpayment error was discovered in computing and paying the wages of a Jamison Tree Trimming employee. When Jamison receives cash from the employee for the amount of the overpayment, which of the following entries will Jamison make?
A) Cash, debit; Wages Expense, credit B) Wages Payable, debit; Wages Expense, credit C) Wages Expense, debit, Cash, credit D) Cash, debit; Wages Payable, credit
If merchandise is returned to a supplier due to defects:
a. purchase returns and allowances is debited. b. purchase discounts is debited. c. purchase discounts is credited. d. purchase returns and allowances is credited.
A firm that modifies a product design to utilize fewer parts and a "snap-in" design rather than screws is likely using which concept?
a. Reliability engineering b. Concurrent engineering c. Design for environment d. Design for manufacture and assembly