The primary purpose of using an appeal process for job evaluation results is to:
A. ensure that different evaluators produce the same results after job evaluation
B. set pay level of the employees below that of the competitors
C. reduce employee interest in unionization
D. reduce employee involvement in the job evaluation process
E. provide employees' with the opportunity to request skills re-evaluation
Answer: E
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A company with a capital structure that shifts more toward debt financing will appear to be in a stronger position to pay interest and any principal amount that may be maturing by using its cash flows generated by operating activities
a. True b. False Indicate whether the statement is true or false
Lakatos Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials3.7kilos$9.00per kilo$33.30During the year, the company completed the following transactions concerning direct materials:a.Purchased 151,800 kilos of raw material at a price of $9.70 per kilo.b.Used 140,870 kilos of the raw material to produce 38,100 units of work in process.The company calculated the following direct materials
variances for the year:Materials price variance$106,260UMaterials quantity variance$900FAssume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,130,000$59,940$0$81,510$432,900=$0$0a.?????=??b.?????=???Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,704,350a.?????b.?????When recording the raw materials used in production in transaction (b) above, the Raw Materials inventory account will increase (decrease) by: A. ($1,267,830) B. $1,366,439 C. ($1,366,439) D. $1,267,830
Firms often acquire derivative instruments to hedge interest rate, exchange rate, commodity price, and other risks
Indicate whether the statement is true or false
A potential negative effect of using a just-in-time inventory system is the immediate impact of labor strikes on the transportation system such as railroad.
Answer the following statement true (T) or false (F)