The primary objective in setting transfer prices is to ________
A) establish a system that determines the best transfer prices for the company as a whole
B) evaluate the managers of the responsibility centers involved
C) achieve goal congruence by selecting a price that will maximize overall company profits
D) make it easy for managers to select prices that maximize division profits
C
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In a standard audit program for goodwill impairment testing, if the original reporting unit no longer exists because operations have been fully integrated into operations of the parent company, which approach should the auditor take?
a. Compare market value with carrying value. A market value less than carrying value is presumptive evidence that goodwill has been impaired. b. Compare fair value with realizable value. A fair value less than realizable value is presumptive evidence that goodwill has been impaired. c. Compare book value with realizable value. A book value less than realizable value is presumptive evidence that goodwill has been impaired. d. Compare book value with market value. A market value less than book value is presumptive evidence that goodwill has been impaired.
Choose the correct word or words in parentheses. I was impressed with Mr, James, our business services manager, who is (soft spoken, soft-spoken), but firm
When "action" and a sale are important, then TV advertising is the right advertising choice.
Answer the following statement true (T) or false (F)
Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 5.7liters$5.40per literDirect labor 0.70hours$20.60per hourVariable manufacturing overhead 0.70hours$5.50per hour?The company has reported the following actual results for the product for December: Actual output 4,100unitsRaw materials purchased 25,100litersActual price of raw materials$4.80per literActual cost of raw materials purchased$120,480 Raw materials used in production 23,360litersActual direct labor-hours 2,700hoursActual direct labor rate$21.20per hourActual direct labor
cost$57,240 Actual variable overhead rate$5.90per hourActual variable overhead cost$15,930 ?The variable overhead rate variance for the month is closest to: A. $1,148 U B. $1,080 U C. $1,148 F D. $1,080 F