A flexible budget is derived by multiplying actual unit output by the standard unit costs
Indicate whether the statement is true or false
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Department A had 4,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period, 29,000 units of direct materials were added during the period, 31,000 units were completed during the period, and 2,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in,
first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was: A) 30,200 B) 29,800 C) 33,800 D) 33,000
The Uniform Commercial Code (UCC) signature requirement indicates that a negotiable instrument must be signed by the drawer if it is a certificate of deposit
Indicate whether the statement is true or false
Which of the following is true regarding sales promotion?
A. The objectives and situation should determine what specific type of sales promotion is best. B. Sales promotion is not likely to be used in the market maturity stage of the product life cycle. C. Sales promotion should not be needed if a firm has a good mass selling program. D. Objectives should be developed after the other promotion decisions have been made, so that the manager knows how much is left in the budget. E. None of these answers is correct.
Under UCC Article 2, terms regarding payment, delivery and price are:
a. not necessarily necessary for the formation of a contract b. required for the formation of a contract c. not allowed in a formal contract d. not allowed in a "casual contract" e. necessary only when one of the parties is a minor