The motivation test and the work-related test are applied by the courts to determine whether an
agent's negligent torts were committed within the agent's scope of employment.
Indicate whether the statement is true or false
FALSE
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If assets are $365,000 and equity is $120,000, then liabilities are:
A. $610,000. B. $245,000. C. $120,000. D. $365,000. E. $485,000.
According to the text, when supervisors are being evaluated, _____ may provide information about their managerial practices that we would be unable to find out using other means.
A. other managers B. subordinates C. the individual D. customers E. their bosses
Which of the following is NOT a category in classifying buyer–supplier relationships?
a. transactional b. strategic alliance c. conglomerate d. collaborative
Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.4grams$2.00per gramDirect labor 0.5hours$20.00per hourVariable overhead 0.5hours$7.00per hourThe company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for January is:
A. $11,544 U B. $11,544 F C. $13,320 F D. $13,320 U