The percent of work time productively spent by an employee or a machine is called:
A) activation.
B) efficiency.
C) effectiveness.
D) utilization.
D
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The right of a shareholder to examine the books and records of the corporation may be denied if the shareholder:
a. seeks information to determine the financial condition of the corporation. b. desires to know the value of shares. c. seeks information to embarrass or cause loss to the corporation. d. desires the names and addresses of other shareholders.
Dubberly Corporation's cost formula for its manufacturing overhead is $30,600 per month plus $64 per machine-hour. For the month of March, the company planned for activity of 7,900 machine-hours, but the actual level of activity was 7,880 machine-hours. The actual manufacturing overhead for the month was $558,610.The manufacturing overhead in the planning budget for March would be closest to:
A. $536,200 B. $534,920 C. $558,610 D. $560,028
When data can be transmitted in both directions on a telecommunications line, but not simultaneously, the transmission type is referred to as:
A) switched-line. B) simplex. C) half-duplex. D) full-duplex.
During a recent fiscal year, Creek Company reported pretax income of $125,000, a contribution margin ratio of 25% and total contribution margin of $400,000. Total variable costs must have been:
A) $1,100,000. B) $1,200,000. C) $500,000. D) $1,600,000. E) $2,100,000.