Ashland Inc is a manufacturer of small appliances. For which of the following activities would Ashland be more likely to use a static budget than a flexible budget?
A) For planning the amount of direct materials that will need to be purchased in the upcoming year.
B) For the evaluation of whether or not actual direct labor costs were reasonably close to budgeted direct labor costs.
C) For the comparing the actual manufacturing overhead costs with the budgeted manufacturing overhead costs during the year.
D) For the evaluation of whether or not employees made the most efficient use of their time.
A
You might also like to view...
Collaborative processes across the supply chain using a set of processes and technology models are called Collaborative Planning, Forecasting, and Replenishment (CPFR)
Indicate whether the statement is true or false
Image advertising is used by global companies to present themselves as famous corporate citizens in foreign countries
Indicate whether the statement is true or false
The general ledger of the Flybird Corporation as of December 31 includes the following accounts: Organization costs ................................... $ 20,000 Deposits with advertising agency (will be used to promote goodwill) .................................. 32,000 Discount on bonds payable ............................ 60,000 Excess of cost over book value of net assets of acquired
subsidiary ................................ 280,000 Trademarks ........................................... 48,000 In the preparation of Flybird's balance sheet as of December 31 . what should be reported as total intangible assets? a. $68,000 b. $328,000 c. $368,000 d. $380,000
When the contract rate of interest on bonds is higher than the market rate of interest, the bonds sell at ________
a. their face value b. a discount c. their maturity value d. a premium