Meridian Fashions uses standard costs for their manufacturing division. The allocation base for overhead costs is direct labor hours. From the following data, calculate the fixed overhead cost variance.
A) $36,000 F
B) $36,000 U
C) $8000 F
D) $8000 U
D) $8000 U
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Total asset turnover is calculated by dividing net sales by average total assets.
Answer the following statement true (T) or false (F)
How do ethical principles apply to businesses?
A. They chiefly deal with the actions and behaviors required to operate companies in a socially responsible manner. B. They are generally more stringent than the ethical principles for society at large. C. They are not materially different from ethical principles in general. D. They chiefly deal with the rules each company's top management and board of directors make about "what is right" and "what is wrong." E. They are generally less stringent than the ethical principles for society at large.
Which of the following statements about headings is least accurate?
A) Headings can help a reader separate major ideas from details. B) Headings are used only in reports. C) Headings are an effective tool for highlighting information and improving readability. D) Headings can assist the writer by encouraging the grouping of similar information.
Hinsdale High School has recently decided to sponsor a rugby team. It is in the process of considering where to buy the uniforms. This is a ________ situation.
A. modified rebuy B. straight rebuy C. new buy D. modified new buy E. straight new buy