Costs assigned to the building of a ship should appear on the income statement when
A) the ship is completed.
B) the ship is sold.
C) the purchase order to manufacture the ship is received.
D) cash is collected for the sale of the ship.
B
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PQR Corporation is a sales-oriented firm that focuses on high sales. It does not take into account the customer's wants and needs, and instead concentrates on manufacturing products that will reap high profits. This attitude might lead to the firm's missing business opportunities because ______.
A. its narrow focus on manufacturing specific products does not meet customer needs and wants for a wider range of products B. it focuses on providing value and benefits to its customers instead of meeting company objectives C. it emphasizesenhancing individuals' and society's long-term best interests D. it concentrates on relationship building, empowerment, and teamwork
A registrar keeps stockholder records for dividend payments and stockholder meetings.
Answer the following statement true (T) or false (F)
Which of the following variances is generally not reported as being favorable or unfavorable?
A) Variable overhead efficiency variance B) Direct labor rate variance C) Fixed overhead volume variance D) Direct materials usage variance
______ planning approaches can be used for developing a sales and operations plan.
A. Three B. Two C. Four D. Five