An action notice signals when to release an order or when a change is required

Indicate whether the statement is true or false


True

Business

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Indicate whether the statement is true or false

Business

Lewis Manufacturing uses a standard cost system. The direct labor cost standard is $18.00 per direct labor hour. The direct labor efficiency standard is 0.5 direct labor hour per unit. Actual direct labor for the month is 1,200 hours for a total cost of $24,000. Production for the month is 3,000 units.

Give the journal entry to record direct labor (not paid). Omit explanation.

Business

When the leader tries to apply the right style of behavior to the situation he or she ______.

A. first diagnoses, then adjusts appropriately B. first adjusts, then evaluates the situation C. first diagnoses, then delegates tasks D. first adjusts, then provides direction

Business

When a bond is issued at a premium and the effective interest method is used to amortize the bond premium,

a. interest expense exceeds interest payments by the amount of the premium amortized. b. interest expense increases gradually over the life of the bond. c. its carrying value is greater than its face value. d. All of these are correct.

Business