Which of the following is true concerning the materials price variance?
A) It is the difference between the actual and standard unit price of an input multiplied by the number of inputs used.
B) It is the difference between the actual and standard unit price of an output multiplied by the number of inputs used.
C) It is the difference between the actual and standard unit price of an input multiplied by the number of inputs purchased.
D) It is the difference between the actual and standard unit price of an output multiplied by the number of inputs purchased.
E) None of these are true.
C
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Based on its income for the month, Reel Company estimates that federal income taxes for the month of May will be $11,000 . What is the effect of the adjustment on the financial statements?
a. Increase retained earnings b. Increase income taxes expense c. Increase net income d. Decrease income taxes payable
The gross margin–based price is computed by adding total production costs per unit to the total production costs per unit times the gross margin markup percentage
Indicate whether the statement is true or false
________ is the process in which different individuals and units perform different tasks.
A. Standardization B. Span of control C. Mutual adjustment D. Specialization E. Formalization
Noe Drilling Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO believes the IRR is the best selection criterion, while the CFO advocates the MIRR. If the decision is made by choosing the project with the higher IRR rather than the one with the higher MIRR, how much, if any, value will be forgone, i.e., what's the NPV of the chosen project versus the maximum possible NPV? Note that (1) "true value" is measured by NPV, and (2) under some conditions the choice of IRR vs. MIRR will have no effect on the value lost. WACC:9.00% 0 1 2 3 4 CFS-$1,100 $550 $600 $100 $100 CFL-$2,750 $725 $725 $800 $1,400
A. $73.38 B. $79.56 C. $0.00 D. $96.55 E. $78.01