A variance is the difference between standard costs and actual costs
Indicate whether the statement is true or false
True
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Mandato Corporation has provided the following data for its two most recent years of operation: Selling price per unit$50 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$10Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$72,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$70,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year9,0008,000Units sold during the year6,0009,000Units in ending inventory3,0002,000The net operating income (loss) under variable costing in Year 1 is closest to:
A. $174,000 B. $2,000 C. $26,000 D. $144,000
Day-to-day cash management is one of the fundamental concepts that a nonfinancial manager should understand in order to:
A) better assess the e current environment in which the firm operates. B) better assess future financing requirements. C) better understand the role of capital markets in raising long-term funds. D) better measure and create value for the shareholders.
The characteristics of a true DSS are interactive, flexible, discovery-oriented, and accessible.
Answer the following statement true (T) or false (F)
In K.C. Roofing Center v. On Top Roofing, the courts held that the owners of a corporation were not liable for the debts of the business entity
a. True b. False Indicate whether the statement is true or false