Answer the following statements true (T) or false (F)
The income statement for Sweet Dreams Company is divided by its two product lines, blankets and pillows, as follows:
If Sweet Dreams can eliminate total fixed costs of $32,000 by dropping the pillows line, operating income will increase by $46,000.
FALSE
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To reduce the formality of an oral presentation,
A) use a conversational tone during the presentation. B) deliver your presentation in an auditorium. C) seat the audience in preconfigured rows. D) deliver your remarks in the passive voice. E) use a microphone to be sure everyone can hear.
Every year, Pamela provides a Thanksgiving dinner for employees on the Wednesday before the holiday. During this time, she thanks her employees for their hard work and singles out a few exemplary performers that typify the values she hold hear in her organization. This is an example of a ______.
A. story B. symbol C. language D. ritual
Eagan Corporation manufactures one product. The company uses a standard cost system in which inventories are recorded at their standard costs. The standard cost card for the company's only product is as follows:?InputsStandard Quantity or HoursStandard Price or RateStandard Cost?Direct materials1.0gallons$6.00per gallon$6.00?Direct labor0.50hours$19.50per hour9.75?Fixed manufacturing overhead0.50hours$3.00per hour1.50?Total standard cost per unit????$17.25During the year, direct labor workers (who were paid in cash) worked 11,250 hours at an average cost of $19.70 per hour on 22,300 units. These units were started and completed during the year.Required:Completely record the direct labor costs, along with any direct labor variances, in the below worksheet. Because of
the width of the worksheet, it is in two parts. In your text, these two parts would be joined side-by-side to make one very wide worksheet. The beginning balances have been provided for each of the accounts, including the Property, Plant, and Equipment (net) account which is abbreviated as PP&E (net).??CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=?1/1$1,100,000 $43,800 $0 $87,975 $628,300 =???????=???????=??Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings?1/1$0$0$0$0$0$0$1,860,075 ?????????????????? What will be an ideal response?
Which of the following is not a category used to reconcile the number of physical units using the weighted average method of process costing?
A. Ending units in inventory B. Cost of goods sold C. Units completed D. Units started