The direct materials price variance is the difference between the standard price and the actual price, multiplied by the actual quantity
Indicate whether the statement is true or false
True
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Key performance indicators to monitor how well a firm’s supply chain is working include ______.
A. inventory turns B. return on investment C. return on assets D. earnings before interest, taxes, and depreciation
If there is a conflict between a state and federal law, generally the federal law will prevail because of the:
a. federalism doctrine. b. Supremacy Clause. c. paramount doctrine. d. Interstate Commerce Clause.
On March 1, 2016, Emerson Services issued a 4% long-term notes payable for $16,000
It is payable over a 4-year term in $4,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2017. Each yearly installment will include both principal repayment of $4,000 and interest payment for the preceding one-year period. On March 1, 2017, ________. The accounting period ends on December 31. A) Emerson must accrue $4,000 of Interest Expense B) Emerson must accrue the coming $4,000 as the current portion of principal payment C) Emerson must pay $640 of interest to the note holder D) Emerson will receive $4,000 as an installment payment
The economic model of social responsibility emphasizes the effect of business decisions on society.
Answer the following statement true (T) or false (F)