By observing trends in the use of leisure time, technology, or other areas, an entrepreneur can discover potential business ideas.
Answer the following statement true (T) or false (F)
True
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Judd Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. The allocation base for variable overhead costs is direct labor hours. At the beginning of the year, the static budget for variable overhead costs included the following data:
What is the variable overhead cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $15,000 U
B) $15,000 F
C) $3571 U
D) $4687 F
A mixed cost
A) contains both a fixed and variable component B) is always easy to separate C) will decrease as output increases D) none of the answers are correct
At the level of the firm, service providers do no just offer services and manufacturers do not just offer products
Indicate whether the statement is true or false
Which of the following is a function of the foreign exchange Market?
A. To provide some insurance against foreign exchange risk B. To protect short-term cash flow from adverse changes in exchange rates C. To eliminate volatile changes in exchange rates D. To reduce the economic exposure of a firm E. To enable companies to engage in capital flight when countertrade is not possible